Deborah Senn, Insurance Commissioner of Washington, announced that she will hold a public hearing on Nov. 20 to assess the progress that European insurance companies are making in the international effort to compensate Holocaust victims and their heirs. Allianz AG …
Chinese and EU negotiators have apparently reached agreement on granting an additional 7 licenses to European insurers, as agreed in principle last May when the bilateral accords were reached between the two as part of the process that will eventually …
The European Commission, the European Union’s administrative arm, has given the Italian government three weeks in which to end its price freeze on automobile insurance premiums, in effect since the beginning of the year. The Commission found that the restrictions …
The week-long rains which caused heavy damages in Southern England have subsided there, but new storms over the weekend in the Alps caused swollen rivers to overflow and produced a number of mudslides destroying buildings and cutting transport links. The …
Editor’s Note: This is the second part of a story that appeared in our Sept. 25 issue. The first story described the facts of the case, up to the point of verdict and judgment. This column describes the verdict and …
A German court cleared the way for Commerzbank to strengthen its cross holdings with Italy’s largest insurer, Assicurazioni Generali, by issuing additional shares, which will double its stake in Germany’s 4th largest bank to 10 percent. The court found that …
Joseph Anthony Cutri, who built a business insuring San Diego’s tuna-fishing industry more than half a century ago, passed away on August 1 at the age of 80. Shortly after moving to San Diego in 1940, Cutri sought out the …
Insurers could pay out more than $320 million as a result of the July 25 Air France Concorde crash that killed 113 people, according to the Guardian, a U.K. newspaper. The supersonic jet went down just after taking off from …
Insurers could face up to $350 million in claims from Tuesday’s Air France Concorde crash that claimed the lives of all 109 passengers and crew aboard. European companies are expected to foot most of the bill. Compensation for families of …
Martin Frankel was sentenced to three years Wednesday by a German judge for evading taxes on diamond imports. “This was an exceptional case,” Judge Marc Tully was reported as saying in his sentencing of Frankel. The rogue financier was also …
