On June 12, French police detained and questioned AXA’s Management Board Chairman Henri de Castries and his predecessor, the company’s founder Claude Bébéar, who now presides over its Supervisory Board, about a massive tax evasion scheme involving former AXA subsidiary …
While the primary goal of the year’s top agenda item – a revised agency licensing law – for Texas Surplus Lines Association may have been met, much work still remains to be done. Association officials expect agency licensing to be …
Homeowners turned out in force to testify and listen, and to applaud when they agreed with what they heard, at a June 26 Texas Department of Insurance (DOI) public hearing on issues related to toxic mold and insurance coverage. Speaker …
The U.S. property/casualty industry’s net income after taxes dropped 5.4 percent to $5.6 billion in first-quarter 2001 from $5.9 billion in first-quarter 2000, according to Insurance Services Office, Inc. (ISO) and the National Association of Independent Insurers (NAII). ISO and …
An intersection in Frisco, Texas, near Dallas, made State Farm Insurance Company’s list of the 10 most dangerous intersections in the U.S. The intersection at State Highway 121 and Preston Road in Frisco was number eight on the list. Although …
Congressional efforts to block funding for additional border inspectors and facility improvements in anticipation of the opening of the U.S.-Mexican border under the North American Free Trade Agreement (NAFTA) are a threat to safety on America’s highways, claims the National …
Federal legislation aimed at helping prevent fraud from within the ranks of the rapidly converging financial service sector has been voted out of the House Financial Services Committee. This legislation — the Fin-ancial Services Antifraud Network Act 2001 — gives …
Four lawsuits that were filed against tobacco companies were turned down in a bid for class-action certification following the decision of a federal judge who stated the claims had individual issues. Industry experts, meantime, expect a long road ahead if …
Manufacturers Bank announced that it had entered into a referral alliance with AXA Advisors LLC to provide bank customers with a full range of insurance and investment products through Shuster Financial Group, LLC. Michael Aarons, senior vice president at Manufacturers …
Efforts to reduce the number of uninsured drivers in California should not center on the price of automobile insurance. Instead, California insurance officials and lawmakers should allow insurers to provide the type of coverage needed by low income citizens, the …
