Reinsurance brokerage provider John B. Collins Associates announced that Jim Grant, senior vice president, will speak on Terrorism Reinsurance for Health at the Society of Actuaries’ Valuation Actuary Symposium in San Diego on Sept. 11. Grant’s presentation will be part …
Deutsche Bank (DB) has filed suit against Allianz and AXA over a claim for damages to its building at 130 Liberty Street in New York City caused by the collapse of the World Trade Center towers. The suit, filed in …
CPCUs can learn about the latest property and casualty insurance topics at the CPCU Society’s 59th Annual Meeting and Seminars, taking place in New Orleans, Oct. 11-14. The Annual Meeting’s Property and Casualty Insurance Track features seminars about important property …
Chicago-based brokerage Aon Corp. reported that its net income for the second quarter was $146 million or 46 cents per share compared with breakeven results in the year ago period. Six months results increased to $298 million or 94 cents …
New York City Police Commissioner Raymond Kelly and New York State Insurance Superintendent Gregory Serio announced the arrest of Peter Perouza, 32, who is charged with insurance fraud and grand larceny stemming from a fraudulent claim he reportedly submitted stating …
For the next year, average workers’ compensation rates will fall slightly for Missouri employers that buy coverage through the state’s “pool” of last resort, according to Scott Lakin, director of the state’s insurance department. The rate reduction for the pool …
A.M. Best Co. announced that it has upgraded the financial strength rating to A- (Excellent) from B++ (Very Good) of the U.K.-basedarkel International Insurance Company Ltd (MIIC), has also assigned a Best’s syndicate rating of A- (Excellent) to Lloyd’s Syndicate …
Aon Corp. announced the official opening of its new permanent offices in New York City, downtown at 199 Water St. and midtown at 55 E. 52nd St. The two new facilities will permanently replace those lost in the Sept. 11 …
A.M. Best Co. announced that it has affirmed the financial strength ratings of the operating subsidiaries of ACE Limited (Bermuda), but has concurrently downgraded the company’s debt securities and the securities guaranteed by ACE Limited. All of the ratings have …
One of the big issues facing small- to mid-size oil and gas operators and contractors these days is the need to determine how much risk they are willing to carry themselves and how much they want to transfer to an …
