Bermuda’s XL Capital Ltd. has completed its reserve review, begun last October, and confirmed that it will take some substantial charges, affecting both fourth quarter and annual results. It plans to raise at least $750 million in new capital to …
With the economy gaining momentum during the second half of 2003, the number of failed insurance companies declined 21.4 percent, to 22 compared to 28 insurer insolvencies in 2002, according to Weiss Ratings Inc.. Four life and health insurers and …
Richard Swoy, chairman of Irvine, Calif.-based Superior Access Insurance Services Inc. has announced that a new specialty program is available to California agents and brokers having problems placing homeowners’ risks and is virtually non-underwritten. Almost every homeowner qualifies under this …
With the creation of the Texas Committee on Insurance Fraud, the Texas insurance industry, state and county agencies, and national organizations are pulling together for the first time a coordinated effort to battle insurance fraud. According to the Insurance Council …
Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, recently performed the risk analysis for the Pylon Ltd securitization covering damage from windstorm for a major European electricity supplier. The innovative securitization is …
The 12th Annual National Employee Health Benefits Conference will take place Jan. 22-23, at the Wyndham Westshore in Tampa, Fla. “Addressing Health Benefits COST and Quality: Best Practices” is the theme of the conference. The registration fee is $495 and …
The law offices of Brodsky & Smith, LLC announced that a securities class action lawsuit has been filed on behalf of shareholders who purchased the common stock and other securities of American Physicians Capital, Inc. (“AP Capital” or the “Company”), …
AIG Global Energy and the Domestic Accident & Health Division of the AIG Companies announced the availability of On-the-Job Accident Protector, an Accidental Death & Dismemberment (AD&D) insurance program for people performing hazardous jobs. On-the-Job Accident Protector provides up to …
Canal Insurance Company, a provider of commercial trucking insurance, and Guidewire Software, a provider of claims solutions to property and casualty insurers, announced that Canal Insurance has selected Guidewire ClaimCenter as its new enterprise claims system. As a provider in …
Gilsbar, Inc., a provider of third party administration services, announced its selection as health plan administrator for Analytic Stress Relieving of Lafayette, La. With administration services beginning this month, Gilsbar will provide medical claims and HIPAA/COBRA administration. MedCom, Inc., Gilsbar’s …