In spite of an ongoing influx of litigation, U.S. courts continue to reject class-action lawsuits involving diminished value, a concept referring to the difference between the value of a vehicle before and after it was involved in an accident. “Courts …
PLUS has changed its Registered Professional Liability Underwriter (RPLU) program to computer-based testing for ease of use and to diversify the program. PLUS has contracted with Prometric (affiliated with Sylvan Learning) to provide the facilities and administration for the new …
The 106th annual convention of the National Association of Mutual Insurance Companies (NAMIC) will take place Sept. 23-26, 2001, at the Washington Hilton and Towers in Washington, D.C. The convention, expected to attract more than 1,700 participants, features a stellar …
Following four consecutive years of decreasing overall premium rates, Wisconsin Insurance Commissioner Connie L. O’Connell announced the approval by her office of a 4-percent increase of the overall average workers’ compensation rate for the upcoming year. According to O’Connell, the …
Ratings Agency Fitch IBCA, Duff & Phelps has published a report on Imagine Insurance Company Ltd. the Barbados-based general insurance subsidiary of Bermuda’s Imagine Reinsurance Holdings Ltd. outlining its operating strategies, competitive position, financial profile and the rationale for its …
Bermuda-based XL Capital Ltd. announced that it had privately placed $250 million worth of convertible debentures to fund its repurchase of approximately $66.4 million worth of its common stock and for general corporate purposes. The institutional buyer wasn’t named, but …
An article in today’s edition of The Asian Wall Street Journal indicates that Chinese regulators are pressuring American International Group to sell part of its lucrative life insurance subsidiary to bring its ownership down to 50 percent, in-line with the …
Hilb, Rogal and Hamilton strengthened its presence in the Mid-Atlantic region with the announcement that it was acquiring substantially all of the operating assets of Thaler Enterprises, Inc.,”a diversified financial services firm in Baltimore Maryland.” Thaler, which provides life insurance, …
For the moment the implementation of the changes in insurance regulations contained in regulation 68 issued by the New York Insurance Department have taken effect. Last Friday The State Supreme Court in Manhattan blocked the new rules from taking effect …
As water lovers get ready to head out for beach and river trips during the last few weeks of summer, the Automobile Club of Southern California warned boaters to take safety precautions when using boats and personal watercraft. “Personal watercraft …
