Monthly Archives: <span>March 2007</span>

Aon UK Partners with InterResolve for Liability Claims Processing

InterResolve, an independent claims resolution specialist, and Aon Limited, the UK division of Chicago-based Aon Corp., announced that they have concluded a partnership “to provide UK corporate businesses with faster and more cost effective resolution of employers’ liability, public liability …

S&P Puts Germany’s Union on CreditWatch Pending Merger

Standard & Poor’s Ratings Services has placed its “A-” long-term counterparty credit and insurer financial strength ratings on Germany’s UNION Versicherungs-AG (Union) on CreditWatch with developing implications, after it announced its planned merger with BA-CA Versicherung AG (BA-CAV; not rated) …

Allianz Joins Institutions to Urge Congress to Act on Climate Change

Money talks and $4 trillion talks very loudly. So loud in fact that a number of institutional investors, who manage a total of $4 trillion in assets, hope to get the attention of U.S. lawmakers. Their goal is to convince …

ABI Backs UK National Fraud Authority

The Association of British Insurers issued a bulletin strongly backing UK government proposals to establish a “National Fraud Authority” to tackle the problem. Plans call for the establishment of a national platform to coordinate a crackdown on the UK’s spiraling …

Calif. Bay Area Faces Landslide Hazards

Although well aware of the region’s earthquake threat, many San Francisco Bay Area residents are uninformed about another dangerous geologic hazard: landslides triggered by heavy rainfall. According to the U.S. Geological Survey, the combination of steep slopes, weak rocks, and …

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La.’s Donelon Forges Settlement with Allstate over Cancelled Policies

Louisiana Commissioner of Insurance Jim Donelon announced that he has reached a favorable settlement for the 4,772 Allstate policyholders in four south Louisiana parishes whose homeowners insurance was cancelled as part of the company’s flawed home inspection process. The cancellations …

European Insurance Forum Puts Ireland in the Spotlight

18 years ago an Irish insurance conference probably would have consisted of a broker and an underwriter from Dublin having a pint of Guinness in a pub (most likely in London). Times have changed. Since the founding of the Dublin …

Major Recall of Pet Food Has Animal Owners Frantic

Silviene Grzybowski became worried when her local pet store pulled the food she normally feeds her cat and posted an announcement saying it, and many other popular pet foods, had been recalled. Her cat, Smokey, hadn’t been eating for days. …

Washington Appoints Advisory Board for Fraud Unit

Washington Insurance Commissioner Mike Kreidler has appointed a special advisory board to monitor the effectiveness of the agency’s newly launched fraud unit. Earlier this year, the agency’s eight-member Special Investigations Unit began operations following the 2006 Legislature’s establishment of a …