Insurance Services Office, Inc.’s (ISO) Engineering and Safety Service (E&STM) unit is offering a new, self-directed ‘distance learning’ program for loss control and safety professionals to study and earn continuing education credits at their own pace and convenience. The new …
The National Association of Mutual Insurance Companies (NAMIC) will propose 12 market regulation recommendations that state insurance regulators should incorporate as they develop a more analytical approach to market regulation at the Spring National Meeting of the National Association of …
As a result of losses and uncertainty in the industry, General Electric is considering a plan to spin off its property/casualty business, according to the Wall Street Journal. The plan may include an initial public offering for a 20 percent …
In preparation for the 2003 legislative session, North Dakota Insurance Commissioner Jim Poolman announced he will hold a public hearing to solicit opinions on the use of credit scoring in pricing and underwriting of insurance. The hearing is scheduled for …
A bill championed by the American Insurance Association (AIA) that changes the way insurers are assessed payments to the state’s second injury fund has been signed into law by Michigan Gov. John Engler. “This technical but important change to state …
Eureko, the pan-European consortium of insurers, has indicated that its plans to list its shares on several European stock markets may have to be postponed, due mainly to the fall in profits from asset management activities. London’s Financial Times quoted …
La Fondiaria, Italy’s 4th largest insurance company, has filed suit against rival insurer SAI, JP Morgan Chase, Commerzbank and several other shareholders in an attempt to keep them from voting their shares at the annual shareholders meeting, scheduled for April …
Converium Holding Ltd, the Swiss-based reinsurer, formed by the spin-off of Zurich Financial’s reinsurance operations, reported a net after tax loss of $367.4 million for the year 2001, due in large part to the effects of the Sept. 11 attacks …
In a March 8 letter to the members of the Connecticut Senate’s Judiciary Committee the National Association of Independent Insurers (NAII) registered its opposition to a proposal that would require insurers to disclose policy limits and coverage, even if there …
The Pennsylvania Medical Society responded in no uncertain terms to the accusations of impropriety made by the state’s trial lawyers association involving the relationship between the Society and the Pennsylvania Medical Society Liability Insurance Company (PMSLIC). (See IJ Website March …
