Between $10 billion-$20 billion of new capital will flow into the global insurance market over the next six months, with the bulk going into the reinsurance industry, Standard & Poor’s reported. “We have already seen proposals for a number of …
HCC Insurance Holdings Inc. posted a third-quarter net loss, citing claims from Sept. 11 and reserve charges for discontinued businesses. The company also announced it will also exit the workers’ compensation insurance business written through its subsidiary, U.S. Specialty Insurance …
In the wake of the Sept. 11 terrorism attacks, insurance companies have begun seeking permission from state regulators to exclude terrorism coverage from a number of policies in 2002, including home, auto and life. Terrorism damage was generally covered in …
Knowledge is Power. We’ve heard that from motivational speakers, read it in books, seen it on bumper stickers. But according to Peter Drucker, an internationally reknowned economic expert, a new society is at hand, and it will be a society …
The term “Big Brother” has been tossed around casually since George Orwell introduced the term to the world in his novel, 1984. The concept of big government looking over the shoulder and into the bedrooms of ordinary citizens has become …
BB&T Corporation, the Winston-Salem, N.C.-based financial services company with strong insurance interests, is maintaining its strategy of expansion across the southern U.S. by agreeing in principle to merge with Birmingham, Ala.-based Cooney Rikard & Curtin Inc. (CRC), the nation’s largest …
With the theme, “Grow Your Business…Secure Your Future,” the Independent Insurance Agents of America (IIAA) Hawaii InfoXchange had plenty of valuable insight to share with attendees. The convention was held Oct. 27-30 at the Sheraton Waikiki in Honolulu. “Branding starts …
Just two months after the Sept. 11 terrorist attacks on the U.S., those acts and the potential for others have become a part of the collective American consciousness. And the insurance industry ranks among those most deeply impacted by the …
The California Supreme Court recently upheld the new law that insurance companies can be sued for their failure to cover damage that their adjusters mistakenly overlooked, even when the legal deadlines for such lawsuits have expired. The unanimous decision came …
Golden Eagle Insurance Corp. has filed a $260-million lawsuit against the California Insurance Commissioner for claims administration fees and reinsurance proceeds. The suit is to preserve the Statute of Limitations on a matter that goes back to the conservation of …
