March 9, 2010
The Internet was built on freedom of expression. Society wants someone held accountable when that freedom is abused. And major Internet companies like Google and Facebook are finding themselves caught between those ideals. Although Google, Facebook and their rivals have …
March 2, 2010
Standard & Poor’s Ratings Services has placed its ‘A+’ counterparty credit and financial strength ratings on American International Assurance Co. Ltd. (AIA) and American International Assurance Co. (Bermuda) Ltd. (AIAB) on CreditWatch with developing implications. The ratings on American International …
March 1, 2010
As the Oscars quickly approach, many are speculating what film and actors will win Hollywood’s most coveted statue. Fireman’s Fund Insurance Co., a Novato, Calif.-based insurer of major Hollywood films for more than 85 years, is unveiling the riskiest films …
February 26, 2010
Boston-based consulting firm Celent (a part of Oliver Wyman) has been assessing the “subtle but important differences in how insurers from various countries” respond to the issues facing the industry. It has just released a new report, “Insurance in France …
February 25, 2010
A Milan court convicted three Google Inc executives on Wednesday for violating the privacy of an Italian boy with autism by letting a video of him being bullied be posted on the site in 2006. Google will appeal the six-month …
February 25, 2010
A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Generali Vie and Generali IARD. Best also affirmed the ICR of “a-” of the non-operating parent, Generali France S.A. The …
February 21, 2010
First Toyota, then Honda – who’s next? 2010 is not starting out as a good year for car companies. Japan’s Toyota Motor Corp. was already in the process of recalling approximately 8 million vehicles, due to problems with the accelerator …
February 12, 2010
An article on the Lloyd’s web site (www.lloyds.com) points out that there are “around 1,500 active volcanoes in the world and, although deadly eruptions are rare, they can cause devastation to people and property over a wide area, leaving huge …
February 12, 2010
Shares in Italy’s top motor insurers could become more attractive this year because of the likely success of tariff [premium] increases in a market where rivalry from online and bank sales is still weak. Fund managers plan to increase their …
February 3, 2010
Germany’s largest insurer has signed a partnership agreement with car-maker Daimler to provide global automotive insurance. The agreement also provides that Allianz will become Daimler’s exclusive partner for automotive insurance business for its vehicles in Italy, in addition to the …