Appearing on behalf of the American Insurance Association (AIA) before the House Financial Services Subcommittee on Capital Markets, Insurance and Government-Sponsored Enterprises, Robert Gowdy, President and CEO of OneBeacon Insurance Group, made a persuasive case in favor of “urgent, comprehensive …
Cincinnati, Ohio-based Great American Insurance Co. went to U.S. Bankruptcy Court in an attempt to rescind a crime insurance policy it had issued to the now defunct Tri-State Armored Services of Hammonton. The insurer alleges that the owners of the …
Perhaps one of the most expensive hailstorms in North Dakota history struck the south central part of the state on June 9, 2001. The North Dakota Department of Insurance reported an estimated $220 million in property damages from the storms. …
London-based Stirling Cooke Brown Insurance Brokers Ltd. (SCBIB), a subsidiary of the Bermuda company, announced it has formed a “Special Risks Division” to design and place “insurance and reinsurance programs involving warranty, residual value and related coverages, primarily on behalf …
Newark, California-based Risk Management Solutions has released “two comprehensive data products designed to quantify the risks associated with European windstorms.” The heavy losses, $14.4 billion ($7.8 billion insured), caused by the storms Lothar and Martin at the end of 1999 …
PricewaterhouseCoopers, the provisional liquidators appointed last Monday to sort out the financial mess at the U.K.’s Independent Insurance, have so far uncovered £62 million ($87.8 million) worth of insurance claims that were never entered into the company’s accounting systems. The …
Medical Advisory Systems, which for 20 years has been one of the leaders in providing offshore medical services through telephone and Internet connections, announced that it would offer a new travel assistance program, “Travelers’ Angel,” for the more than 40 …
Ceremonies attended by civic leaders and representatives of Travelers and Citigroup marked the completion of the first building in the revitalization plan for Hartford’s Mortson Street and Putnam Heights. The area, where many buildings have been abandoned or destroyed, is …
Robert Friemann, a Huntington Bay accountant, was arrested by FBI agents on charges that he participated in a scheme to defraud Nassau County of “tens of millions of dollars” and was part of a group which pocketed around $2 million …
The break in the dam, that started with the announcement by State Farm Indemnity that it planned to leave New Jersey’s auto insurance market, now threatens to become a flood, as yet another state carrier, Newark Insurance Co. wants out …
