Louisiana’s property insurer of last resort allowed too much access to computer systems, opening the door for potential fraud, and failed to take enough steps to make sure that policy applicants were eligible for coverage, according to a state audit …
Bermuda,-based PartnerRe Ltd. announced that during the January 1, 2010 treaty renewal season it expects to write and bind approximately $2.6 billion of non-life premium. The bulletin added that this figure “includes $440 million in premium from PARIS RE, whose …
Kansas State Fair officials are asking the legislature to allow the fair to opt out of the state workers’ compensation insurance pool. Fair officials want to be able to buy insurance from a private company, but state law requires state …
An overseer for the U.S. bailout program said Tuesday that France’s banking regulator was open to further negotiations over possible concessions on payments from bailed out insurer AIG, according to prepared congressional testimony. Neil Barofsky, the special inspector general for …
Mark Allen and Christy Davies-Downing have joined the Wichita, Kan., office of insurance broker IMA Inc. as sales executives. Allen has extensive sales experience as an entrepreneur and in other industries including technology. He holds a bachelor’s degree in business …
Zurich Insurance Company, a division of Zurich Financial Services, announced that it has officially launched its general insurance branch in Bahrain, following the issuance of its Overseas Insurance Firm (Branch) License to conduct General Insurance business from the Central Bank …
Arthur D. Perschetz has joined Baker & Daniels as counsel in the law firm’s insurance and financial services group. He will also serve as a senior adviser with B&D Consulting, an advisory and advocacy division of Baker & Daniels. Perschetz …
Munich Re posted a statutory notice on Tuesday announcing that Berkshire Hathaway’s stake in the company rose to 3.045 percent on January 18, just above the level at which such holdings must be disclosed. “Warren Buffett is an expert at …
San Francisco-based Civil Service Employees Insurance Group (CSE Insurance) has launched the 2010 CSE Youth Scholarship Program, an annual essay competition designed to promote awareness of driver safety among young people. As part of the program, CSE will designate $12,000 …
Global business leaders warned Western governments on Wednesday that a populist crackdown on the financial industry could crimp a fragile recovery from the worst recession since the 1930s. The worried response to U.S. President Barack Obama’s plans to tax and …
