CGNU, the largest British insurance group, has agreed to sell General Accident Versicherungs AG, its German general insurance business, to Gerling-Konzern Lebensversicherungs AG. The terms were not disclosed. The British insurer is also in the process of selling its U.S. …
German insurers might now become members of an international Holocaust claims panel through their industry association, a Jewish advocacy group was reported as saying by Reuters news service Monday. The move could help resolve ongoing battles with U.S. state insurance …
American International Group has appointed Ian Cormack as chief executive of European operations. The newly created job will involve overseeing AIG’s insurance, financial services and asset management businesses. The move is part of AIG’s effort to expand in the region. …
New York Superintendent of Insurance Neil D. Levin has appointed Susan Skaling Donnellan as deputy general counsel of the insurance department. Donnellan assumes her duties at the insurance department immediately. Donnellan joins the department from the Life Insurance Council of …
How much liability insurance should I have?” Now there’s one tough question that’s occasionally asked by commercial clients. Unfortunately, I’m not so sure there’s really a good answer. A similar question for insurance agents to ask ourselves is “just how …
When I research sites or applications or even claims, I try to go in with the perspective of “how do I or other insurance professionals experience this site and how does it respond to me?” This allows me to be …
With the way dot-coms have come and gone, I was asked the other day to take a look at InsurePoint (www.insurepoint. com). And as I opened up my browser, I realized that I mentioned them in a column a while …
A $1.2-billion verdict against State Farm Insurance Company, handed down by an Illinois county court in October 1999, ranked right up there with intense storms and major explosions as one of the most costly insurance losses for 1999. According to …
Leucadia National Corp. backed out of its acquisition agreement with Reliance Group Holdings Inc. on July 13 under the deal’s current terms. The planned $293-million stock swap was first announced May 26. The companies are reportedly discussing alternatives to the …
What’s in a word? A lot—at least according to the National Association of Mutual Insurance Companies (NAMIC). In a press release, the association announced a July 11 letter, sent to the chair of the National Association of Registered Agents and …
