Lloyd’s CEO Nick Prettejohn announced that the market will have the capacity to underwrite £14.9 billion ($26.91 billion*) of business in 2004, equal to Lloyd’s year-end 2003 capacity figure. He said the 2004 figure, which maintains the level of capacity …
The Canadian Medical Protective Association (CMPA), which provides malpractice insurance to doctors in Canada, is on the verge of announcing it will not cover lawsuits generated by Internet drug sales, even if those suits are launched in Canadian courts. An …
The Northern Illinois Fire Sprinkler Advisory Board is using a billboard to send a strong message to people who live and work in high-rise buildings. The billboard, located at Grand and LaSalle, states that a high-rise without fire sprinklers is …
Florida-based First Advantage Corporation, a global risk management solutions provider, has acquired Quantitative Risk Solutions LLC (QRS), a privately owned consulting firm specializing in cargo loss risk mitigation. Annual supply chain losses due to in-transit theft are estimated at $50 …
The American Society of Workers Comp Professionals (AMCOMP) will hold its 2004 Annual Meeting Feb. 5-6 at the Bellagio Hotel in Las Vegas. For more information, contact: Maria Sclafani, (212) 867-0228, mcs@thebeaumontgroup.com www.amcomppro.com
Congoleum Corporation, a manufacturer of resilient flooring, serving both residential and commercial markets, has obtained the asbestos claimant votes necessary for approval of its pre-packaged Chapter 11 plan of reorganization, and has proceeded with its bankruptcy filing in Trenton, N.J. …
Houston-based HCC Insurance Holdings, Inc. announced that the company has sold the business and substantially all of the assets of its retail brokerage subsidiary, HCC Employee Benefits, Inc. (HCCEB) to Capital Risk LLC, a subsidiary of Jardine Lloyd Thompson Group …
Three Japanese insurance companies have received at least part of the $1.12 arbitration award levied against Fortress Re (See IJ Website Dec, 23), a No. Carolina-based reinsurance company, which collapsed following Sept. 11 related losses. Aioi Insurance Co, Sompo Japan …
Combined Group, headquartered in Carrollton, Texas, recently announced the promotion of Kim Angell to Regional Marketing Manager. In this position, Angell will lead the company’s agent relation activities in East Texas, East Oklahoma and Arkansas. The company noted that Angell …
President William Irons, a 20-year veteran of politics and long time insurance agent, is resigning from the Rhode Island State Senate rather than disclose his insurance clients. Irons announced that he has resigned as Senate president on New Year’s Day …