According to the American Insurance Association (AIA), the California Office of Administrative Law (OAL) has accepted their request to review the California Department of Insurance’s (CDI) recent retroactive premium tax notice. This notice, sent to workers’ compensation insurers on Feb. …
Travelers Property Casualty Corp. made a solid debut on the trading floor of the New York Stock Exchange Friday, March 22, as shares were traded at $19.54, an increase of 5.6 percent from their initial offering price, according to the …
Fitch Ratings has assigned a ‘AA’ long-term issuer rating to GE Global Insurance Holdings, Corp. (GE Global) and affirmed the ‘AAA’ insurer financial strength rating of Employers Reinsurance Corp. (ERC), GE Global’s main operating subsidiary. The Ratings Outlook for all …
The use of arbitration by property/casualty insurance companies and self-insureds to resolve inter-company claims disputes increased significantly in 2001, according to Arbitration Forums (AF). At the same time, dollar savings realized by using arbitration also grew. AF, a national nonprofit …
The AMS Users’ Group, an Irving, Texas-based organization representing more than 9,000 agents using AMS Services Inc.’s automated agency management systems, began its four-day 26th National Conference in Dallas, for which more than 2,600 independent agents have registered. The conference …
The Specialty Human Services Division of Great American Insurance Company, a property/casualty insurance company based in Cincinnati, announced the redesign of its Web site, http://www.hsd.gaic.com. The newly designed site features improved navigation, current product and marketing information, and a look …
An Ohio agent-licensing bill that meets the reciprocity provisions of the federal Gramm-Leach-Bliley (GLB) Act unanimously cleared the House this week and is headed to Governor Taft’s desk. “By passing Senate Bill 129, the Legislature has shown its commitment to …
ACE Group Chairman and CEO Brian Duperreault announced that Paula Cox JP, MP has been appointed to the position of Corporate Counsel of ACE Limited, providing legal support to a variety of departments. “Ms. Cox will also be responsible for …
France AXA Group hopes to acquire the Hôtel Drouot, the collective enterprise that runs Paris’ famous art auctions, and has bid € 82 million ($72.8 million) to for its property assets and publishing rights. Drouot’s origin go back to the …
Munich Re announced provisional results for the year 2001, which confirmed that even the world’s largest reinsurer wasn’t immune to the huge losses caused by Sept. 11. Munich’s net profit is expected to be around € 250 million ($222 million), …
