A recent study by Palm Beach Gardens, Fla.-based Weiss Ratings Inc. indicated that just eight large property and casualty insurers provide homeowners coverage to residents in hurricane-prone states. Weiss Ratings, a provider of independent insurance company ratings and analyses, said …
Chicago-based CNA Management & Professional Liability Insurance has made available its exclusive Community Associations partnership with Ian H. Graham Inc. According to CNA Managing Director John Brand, the two share a common vision of how to properly serve the Community …
The International Insurance Society has selected Patrick W. Kenny of West Hartford, CT as its new President and CEO. Kenny will replace John P. Meyerholz, who’s headed the non-profit international group for the last 9 years, when he steps down …
“What did you know, and when did you know it?” Those famous questions from the Watergate era could well be applied to the growing controversy between the U.K.’s Financial Services Authority and France’s Commission de Contrôle des Assurances (CCA) over …
Tokio Marine & Fire Ins. Co, Japan’s largest p/c insurer, and global giant Swiss Re announced that they “have arranged a USD 450 million cat risk swap to cover losses from three natural perils.” The swaps, each of which is …
The Professional Insurance Agents of New Jersey, Inc. has vigorously defended the position of the R.J. Gaydos Insurance Agency, which has sued the National Consumer Insurance Co. for wrongfully terminating its agency agreement in 1997. A recent decision of the …
SAFECO announced it expects to report an operating loss for the second quarter of between $0.25 and 0.30 per share. This compares with analysts’ current consensus estimate of a loss of $0.19 per share, with some analysts estimating a quarterly …
According to the American Insurance Association (AIA), late last week, the California State Supreme Court unanimously ruled that businesses hiring contractors to perform work are not liable if an employee of the contractor is hurt or killed on the job. …
California’s Senate Transportation Committee rejected a bill on July 10 that would have mandated a Highway Patrol study on the link between cellular phone use and bad driving. The bill, which was authored by Assemblyman George Nakano (D-Torrance), was overridden …
A jury has awarded a record-setting claim for overtime for a class of Farmers Insurance Adjusters in the final amount of $90,009,208 for overtime pay in a class action suit in Oakland. More than 2,000 adjusters working for Farmers Insurance …
