California Insurance Commissioner Harry W. Low announced the appointment of Franklin Stephenson to the California Automobile Assigned Risk Plan (CAARP) Advisory Committee. The appointment is a one-and-a-half-year term that ends December 31, 2002. Stephenson fills a position on the committee …
The American Insurance Association (AIA) urges the California Occupational Safety and Health Standards Board (Board) to reject a petition by the American Federation of Labor and Congress of International Organizations (AFL-CIO) to amend California’s ergonomics rules to incorporate the former …
Reality television markets itself as extreme, but by pushing the limits of safety, it also pushes the limits of liability. In order to prevent financial losses, reality television producers are turning to insurers to make sure their visions become reality. …
Nationwide Mutual Insurance and its related entities were placed on CreditWatch with negative implications by Standard & Poor’s. The rating actions point out S&P’s concerns that Nationwide’s earnings and capitalization will stay on a course to not attain expectations. In …
Stephen W. Lilienthal, a highly regarded insurance industry executive, has joined CNA Insurance in a newly created role as president and CEO of CNA’s $6.2 billion primary property and casualty operation. Lilienthal will have responsibility for CNA’s worldwide field operations, …
The National Association of Mutual Insurance Companies (NAMIC) issued the following comment from Vice President-Federal Affairs, Pamela J. Allen, on the American Insurance Association’s (AIA) proposal for an optional federal charter for property/casualty insurance companies. “The release of the AIA …
Minnesota-based The St. Paul Companies made several executive changes, announced by chairman and CEO Douglas Leatherdale. Marita Zuraitis was appointed executive vice president, USIO, effective immediately. Zuraitis has been serving as senior vice president of U.S. Insurance Operations (USIO) in …
The Russian insurance market appears ready for steady growth in the next five to 10 years according to a report by Standard & Poor’s. The announcement comes after last month’s upgrade of S&P’s long-term local and foreign currency issuer credit …
American International Group, Inc. (AIG) has issued the following statement regarding the negotiations concerning China’s accession to the World Trade Organization (WTO): “No company has been a stronger advocate of China’s accession to the WTO or for that matter has …
New Jersey police have put the stop to an insurance fraud ring which allegedly set up accidents to cheat insurance companies out of more than $5 million. According to an AP report, the ring was one of the largest ever …
