The International Commission on Holocaust Era Insurance Claims (ICHEC) announced that it has reached an agreement for payments totaling around $275 million to be made to Holocaust survivors and their families in compensation for unpaid life and property insurance claims …
EQECAT Releases Probabilistic Terrorism Insurance Model Oakland-based EQECAT, a leading risk management consulting firm, announced that it has released a “full probabilistic model for terrorism risk assessment for use by insurers and reinsurers.” It “covers all relevant risk sources” in …
Italian insurer Societa Assicuratrice Industriale SpA. (SAI) announced that it would exercise the call/put option it has with a group headed by J.P. Morgan Chase to acquire an additional 19.8 percent stake in rival insurer La Fondiaria Assicurazioni Spa (Fondiaria). …
The equity storms that have battered the earnings of many of Europe’s biggest insurers in the first half of 2002 became a class 5 hurricane for the Anglo-Swiss Group Zurich Financial Services (ZFS) which posted a net loss for the …
A California lawyer accused of scheming to sink a yacht off the coast of Italy was sentenced to 7 1/2 years in prison by U.S. District Judge Lourdes Baird, according to the Associated Press. Rex DeGeorge, of Beverly Hills, was …
A California lawyer accused of scheming to sink a yacht off the coast of Italy was sentenced to 7 1/2 years in prison by U.S. District Judge Lourdes Baird, according to the Associated Press. Rex DeGeorge, of Beverly Hills, was …
A California lawyer accused of scheming to sink a yacht of the coast of Italy was sentenced to 7 and-a-half years in prison June 18 by U.S. District Judge Lourdes Baird, according to the Associated Press. Rex DeGeorge, of Beverly …
The European Commission (EC) in Brussels has announced proposals to harmonize the European Union’s automobile insurance regulations. The EC wants all policies to cover third party liability up to € 1 million ($945,000) for accident victims and up to € …
The Surety Information Office (SIO) inducted John D. Schramm, Michelle V. Orlando, Lawrence F. McMahon and Martin R. Brady, Jr. into the Tiger Trust, an honorary society of surety industry professionals who persuade private construction project owners or lenders to …
Standard & Poor’s announced that it has affirmed its double-‘A’ insurer financial strength and counterparty credit ratings on Assicurazioni Generali SpA, the parent and main property-casualty operating company of Italy’s composite insurance group Generali with a “stable” outlook. “The ratings …
