Swiss Re’s Center for Global Dialogue in Ruschlikon, Switzerland will be the setting for a conference on October 11 & 12 aimed at exploring ways for businesses to reduce greenhouse gas emissions and finding solutions for a sustainable climatic future. …
Erie Indemnity Co. announced that it expected losses from the Sept. 11 attacks to be between $5.5 and $6.7 million. The company said that reinsurance pooling with the Erie Insurance Group had reduced the impact, which would result in a …
The Phoenix Companies of Hartford confirmed that the Group expected losses from the September 11 attacks of around $5 million net of reinsurance, and detailed a number of expedited procedures to help customers affected by the tragedy. Phoenix indicated it …
The Department of Consumer and Business Services (DCBS) revoked the insurance agent’s license of a Salem-area woman, Genie M. Wolfer, for violating the Oregon Insurance Code. DCBS also fined Wolfer $4,000 and revoked the license of her Salem agency, Cornerstone …
A California Department of Insurance (CDI) employee has surrendered to Los Angeles Superior Court following being charged with one count of insurance fraud by the Los Angeles County District Attorney’s Office. Nestor Milon of Silverlake has been employed with the …
The 2001 California Legislature delivered favorable results to the insurance industry by defeating unreasonable privacy mandates, lifting restrictions on anti-fraud efforts, and approving the collection of more funds from insurers to pay injured workers who file claims with troubled companies, …
Fitch has placed the “AAA” insurer financial strength (IFS) ratings of several subsidiaries of The Chubb Corporation (Chubb) on Rating Watch Negative. These companies are headed by Federal Insurance Company and include all members of the Chubb Intercompany Pool. The …
During an emergency conference call today, the Board of Directors of the International Mass Marketing Association (IMMA) voted to cancel IMMA’s 2001 Annual Conference scheduled for Oct. 21-24 at the Scottsdale Hilton Resort & Villas in Scottsdale, Ariz. In a …
The Navigators Group Inc. estimates its after tax net loss from the September 11th terrorist attack on the World Trade Center to be approximately $5 million. The loss comes primarily from business underwritten at the Company’s Lloyd’s Syndicate 1221. This …
American Financial Group Inc. issued a preliminary estimate of its expected losses from the terrorist attacks of September 11, 2001. Based on information available at this time, AFG estimates that its pre-tax losses after reinsurance will be less than $20 …
