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

Banks Allege TJX Under-reported Number Affected by Data Thefts

A group of banks alleged in a court filing ithat 94 million accounts were affected by the theft of personal data from Massachusetts-based TJX Cos. — more than double the number the company previously reported in what already is the …

House Panel Calls for Holocaust Insurance Policy Disclosure

A U.S. House of Representatives’ panel endorsed legislation this week that would require insurance companies to disclose information on Holocaust-era policy holders. The legislation aims to address concerns among some survivors that payment by the International Commission on Holocaust Era …

UK’s Independent Insurance Execs Get Jail Terms for Fraud

Until June 2001 Independent Insurance was the third largest P/C insurer in the U.K. Then it all fell apart. Shady loans to founder and former chief executive Michael Bright, cover-ups in accounting and failures to pay claims culminated in the …

Montpelier Re Schedules Q3 Earnings Conference Call Today

Montpelier Re Holdings Ltd. executives will hold a conference call to discuss the Group’s third quarter results today, October 25, 2007 at 8:30 a.m. Eastern Time. A live webcast of the call will be available at: www.montpelierre.bm. The archived webcast …

Willis Q3 Earnings Conference Call Today

Joe Plumeri, Chairman and CEO of Willis Group Holdings, will host a conference call today, October 25, 2007, at 8:00 AM Eastern Time to discuss the global broker’s earnings for the third quarter ending September 30, 2007. Interested parties may …

Arch to Report Q3 Results Today; Conference Call Details

The Bermuda-based Arch Capital Group Ltd. will release its 2007 third quarter results after the close of regular stock market hours on Thursday, October 25, 2007. The Company will hold a conference call for investors and analysts at 11:00 a.m. …

Calif. Aims to Speed Wildfire Claims, Prevent Price Gouging

In anticipation of an onslaught of severe insurance claims resulting from the Southern California wildfires, state Insurance Commissioner Steve Poizner has issued an emergency declaration to help accelerate claims processing. “I am issuing a declaration which will expedite additional insurance …

Calif. State Fund Offers Credit Extension to Fire Victims

California’s State Compensation Insurance Fund announced it will extend credit to policyholders who have suffered a financial loss or business disruption caused by the dozen wildfires that are ravaging seven counties in Southern California: Los Angeles, Orange, Riverside, San Bernardino, …

Calif. Wildfire Insurance Loss Estimate Raised to $1.5 Billion

Insured loss figures from the Southern California wildfires seem to be creeping up from earlier reports, even while insurance industry analysts say it’s too early to tell the extent of the losses. According to National Interagency Coordination Center, 1,514 structures …

Top Strategies for Selling Insurance

Topics Covered in this article: 1. How to add millions in new business to your book of business using internet leads 2. Helpful tips and techniques for using internet leads 3. Major changes in insurance leads quality leads to more …