The latest figures from Lloyd’s of London show that “for the first time in its 300-year history, the United States has become the British insurer’s largest single market.” Gross premiums from the U.S. amounted to $5.9 billion accounting for 35 …
Dutch insurer and financial services provider AEGON N.V. announced that its U.S. subsidiary, AEGON USA, Inc., had successfully completed the acquisition of J.C. Penney’s direct marketing services. It paid $1.3 billion in cash at the time of closing. Swiss Re …
This is the tale of what the Court of Appeals of Maryland—the state’s highest court—called a modified insurance “Ponzi scheme.” The case, decided earlier this year, is Insurance Company of North America v. Miller. It is important to note that …
Preliminary cost estimates of damages wreaked by Tropical Storm Allison as it floated around Southeast Texas for several days earlier this month have topped $1 billion. But no one knows what the actual figure will be nor what the insurance …
So I come across an e-mail or a site that tells me that if I subscribe to a Hewlett-Packard e-newsletter, that I’ll get a $10 gift certificate to Amazon.com. Now, you know me, I can’t pass up free money when …
Decreases in investment income, coupled with increases in the severity of lawsuits and the rising costs of reinsurance, are likely to make medical malpractice a difficult market in the near future, according to Conning & Company. The study, “Medical Malpractice …
Comercial America: Dutch financial services conglomerate ING Group said it has agreed to buy an additional 45 percent stake in Seguros Comercial America (SCA) for $791 million. The deal is part of a step taken in February 2000, when ING …
Uniform Information Services, Inc., has released AuthenticWeb for state filing. AuthenticWeb is a combination of Uniform’s traditional product offerings in insurance forms and forms manuals. The new web-based product allows users to access forms electronically as well as related regulatory …
The Independent Insurance Agents of Texas has scheduled several July workshops entitled “Contracts, Leases, Add-itional Insureds and Certificates.” The workshops will take place in Austin on July 10, Dallas on July 11 and Houston on July 12. They are designed …
U.S. property catastrophe rates increased at January 2001 renewals for the first time since 1994, according to Paragon Reinsurance Risk Management Services, Inc. a wholly owned subsidiary of Benfield Blanch Holdings, Inc. Rates were up an average of 7.2 percent. …
