Zurich North America’s Zurich Emerging Markets Solutions (ZEMS) group has concluded a political risk insurance cooperation agreement with IFTRIC, the Israeli government-owned export credit agency to provide political risk insurance for Israeli exporters who export to emerging markets. The announcement …
Standard & Poor’s warned that Taiwan’s property and casualty insurance sector is “likely to face a tough year in 2002 due to hardening rates and structures offered by the global reinsurance market and reduced reinsurance capacity,” and indicated that some …
New Jersey-based Preserver Group announced that, following its successful tender offer (See IJ Website March 1), it no longer meets the requirements for listing on the Nasdaq Exchange, and has initiated the appropriate steps to remove its securities from trading …
Senator Thomas A. Bozek will receive the Professional Insurance Agents of Connecticut (PIACT) “Legislator of the Year award” at this year’s convention, currently under way at Foxwoods Resort Casino, Mashantucket. Sen. Bozek will receive the award, “in recognition of his …
New York State Insurance Department Superintendent Gregory V. Serio urged the State’s Assembly to pass pending legislation which would extend the use of Risk Based Capital standards to property/casualty insurers. The announcement explained that “Risk Based Capital is a tool …
The Certified Professional Insurance Agents (CPIA) Society has recognized Selective Insurance Group, Inc., as its 2002 “Company Partner of the Year.” Selective was honored for its agent focused “One & Done” Internet-based business system that allows agents to issue small …
The Los Angeles County District Attorney’s Office filed three felony counts of insurance fraud against Edward Martinez, 31,who was already in custody at the Los Angeles County Central Jail on an unrelated case. If convicted, Martinez faces up to five …
The House Business Affairs and Labor Committee approved March 14 House Bill 1351, giving consumers the option of remaining under Colorado’s no-fault auto insurance law or returning to the traditional tort system. The bill then was referred to the House …
Insurers’ major efforts in the recently concluded Utah legislative session were devoted to benefiting consumers by preserving the use of credit-based insurance scores and to soften harmful aspects of other bills. Those efforts were partially successful according to the National …
California Insurance Commissioner Harry Low has conserved National Automobile & Casualty Insurance Company as a result of its insolvency. Domiciled in California and headquartered in Pasadena, the company is a wholly owned subsidiary of Missouri Physician’s Group Holding Company, Mo. …
