Australia News

S&P Ups NZ P/C Insurance Sector Credit Risk to ‘Moderately Low’

Standard & Poor’s Ratings Services announced that it has revised the industry risk on the New Zealand nonlife insurance sector to “moderately low” from “moderate.” “This improvement places New Zealand alongside Australia & Japan as the countries with the best …

People & Places

Charles Dangelo American International Group Inc.announced that AIG Vice President Charles Dangelo has been appointed AIG’s senior reinsurance officer, effective immediately. In this role, he will be responsible for all outward reinsurance relationships involving AIG companies. Alfred Bergbauer Dangelo will …

Crash Risk is Four Times Higher When Drivers Use Cell Phones, Study Says

Common sense as well as experience suggest that handling and dialing cell phones while driving compromise safety, and evidence is accumulating that phone conversations also increase crash risk. New research from the Insurance Institute for Highway Safety quantifies the added …

People

American International Group Inc. announced that AIG Vice President Charles Dangelo has been appointed AIG’s senior reinsurance officer, effective immediately. In this role, he will be responsible for all outward reinsurance relationships involving AIG companies. Dangelo will continue to be …

Crash Risk is Four Times Higher When Drivers Use Cell Phones, Study Says

Common sense as well as experience suggest that handling and dialing cell phones while driving compromise safety, and evidence is accumulating that phone conversations also increase crash risk. New research from the Insurance Institute for Highway Safety quantifies the added …

Pacific Insurance Conference in October to Seek ‘Pathways to Success’

The 22nd Pacific Insurance Conference will be held at the Grand Hotel, Taipei, Taiwan on October 23 – 26, 2005. The 2005 conference features industry leaders making presentations, moderating panel discussions, and directing roundtable workshops examining “Pathways to Success in …

MJM Investigations Appoints John Halliday as VP of Technology

Raleigh, N.C.-based MJM Investigations, Inc., an international insurance investigations firm providing innovative investigative solutions to the insurance industry, has appointed John Halliday as vice president of technology. Halliday has more than 26 years of experience in the information technology and …

Crane Co. Settles Asbestos Claims with Lloyd’s Reinsurer Equitas for $33 Million

Crane Co., a Stamford, Conn. manufacturer of engineered industrial products, has agreed to settle its insurance coverage claims for asbestos and other liabilities against underwriters at Lloyd’s of London reinsured by Equitas Limited for a total payment of $33 million. …

Australian Insurers Adopt New Practice Code, Raising Consumer Expectations

A recently-launched new Code of Practice for the Australian insurance industry will mean general insurers will meet higher, measurable performance standards for dealing with customers, including settling claims in specific time periods and providing clearer information about policies. Developed by …

Crash Risk is Four Times Higher When Drivers Use Cell Phones, Study Says

Common sense as well as experience tell us that handling and dialing cell phones while driving compromise safety, and evidence is accumulating that phone conversations also increase crash risk. New research from the Insurance Institute for Highway Safety quantifies the …