January 3, 2003
Hilb, Rogal and Hamilton Company has completed the previously announced mergers with the Freberg group of companies (Freberg). Freberg has seven offices in three states, Colorado, Wyoming and Texas, revenues in excess of $10 million, and employs approximately 65 insurance …
December 26, 2002
Richard Swoy, chairman of Superior Access Insurance of Irvine, Calif. announced the addition of an “A++ XV” Superior A.M. Best rated carrier offering professional liability coverage nationally. Quotes are available on-line and applications can be downloaded on a 24-hour basis. …
December 24, 2002
Thirty-five states have adopted an approved Insurance Services Office (ISO) mold limitation for homeowners coverage, which allows insurers to exclude coverage for loss caused by mold and wet or dry rot, unless the conditions result from a covered peril. According …
December 23, 2002
Hilb, Rogal and Hamilton Company, the world’s tenth largest insurance intermediary, announced that it has signed definitive merger agreements with the Freberg group of companies (Freberg), expected to be effective Jan. 1, 2003. Terms of these combination Common Stock and …
December 11, 2002
Eugene Cox, Bermuda’s Finance Minister, reacted angrily to calls from several state officials, including California Treasurer Phil Angelides, to drop 10 “offshore” companies, including ACE and XL, from Standard & Poor’s 500 stock index. The demands are the latest round …
November 12, 2002
The frequency of auto accidents since 1980 has dropped by 16 percent. During the same time period, however, the frequency of auto injury claims rose 26 percent. These findings are revealed in a study recently released by the Insurance Research …
November 11, 2002
The Republican Party regained control of the U.S. Senate, expanded its majority in the House of Representatives and re-elected all of its incumbent governors except one in a history-making election last week. President Bush joins Franklin Roosevelt and Bill Clinton …
November 11, 2002
Insurers are expected to pay $675 million to homeowners and businesses for insured-property losses from six catastrophic events in the third quarter of this year, according to preliminary estimates by the Insurance Services Office, Inc.’s (ISO) Property Claim Services (PCS) …
October 24, 2002
Insurers are expected to pay $675 million to homeowners and businesses for insured-property losses from six catastrophic events in the third quarter of this year, according to preliminary estimates by the Insurance Services Office, Inc.’s (ISO) Property Claim Services (PCS) …
October 10, 2002
In a letter hand delivered to all terrorism reinsurance conferees, the National Association of Mutual Insurance Companies (NAMIC) and two other industry trade associations stated the critical nature of terrorism reinsurance and urged the conferees to complete action on this …