March 20, 2007
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 …
March 20, 2007
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) …
March 20, 2007
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 …
March 20, 2007
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 …
March 20, 2007
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 …
March 20, 2007
Problem Solved! Mini Wrap Program – Condominium, Townhome, Single Family Home Construction. Liability Insurance under one policy for the sponsor, developer, general contractor, subcontractors and architects. Features: Small projects $1M to $3.5M Low minimum premium: $50,000 Low SIR: $25,000 24-month …
March 19, 2007
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 …
March 19, 2007
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 …
March 19, 2007
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. …
March 19, 2007
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 …