Germany’s Allianz Group posted net income of € 1.9 billion ($1.73 billion) in the first quarter compared to € 704 million ($641 million) in the same period last year, a sizeable 170 percent increase, even though a portion of it …
A unanimous decision by Britain’s Law Lords, the U.K.’s highest court, will permit sufferers from asbestos related diseases to file claims, even though they cannot prove with certainty, where they may have been exposed. Under a Court of Appeal decision …
Endurance Specialty Insurance Ltd., the Bermuda-based p/c insurer established by Aon, Zurich Financial Services and other investors, has reached a definitive agreement to acquire the property catastrophe reinsurance business of LaSalle Reinsurance Limited, a subsidiary of Trenwick Group Ltd. The …
W. R. Berkley Corp. announced that its Board of Directors has approved a 3-for-2 common stock split and had declared the company’s quarterly dividend. The stock split provides that the new shares are to be paid in the form of …
Gerald Zimmerman, senior counsel for the National Association of Independent Insurers (NAII), viewed the 2002 Connecticut legislative session, which ended this week, as a “very successful year,” marked by some major victories for the insurance industry. “This year was very …
Both sides fired off some heavy salvoes in the ongoing dispute over the amount of the recovery to be paid for the destroyed WTC towers. Lawyers for Silverstein Properties, the master leaseholder, filed a motion for summary judgment before U.S. …
Following an investigation by the California Department of Insurance (CDI) Criminal Investigations Branch’s Fraud Division, Todd Owen Balcom was arrested at his residence in Port Hueneme pursuant to an arrest warrant issued by Ventura County Superior Court. Balcom, 51, was …
Integrus Specialty Insurance Group Inc., a California wholesaler with a new EPLI product, has implemented an SAIS Automated Underwriter Interface to connect its Irvine office with the London office of its Lloyds underwriter, Beazley Insurance Syndicate 623. “As part of …
San Diego-based ConfirmNet Corporation, developer of the CertificatesNow online insurance certificate service, has reached an agreement with MarshBerry to provide its customers with CertificatesNow. “We are excited about our relationship with MarshBerry and our ability to offer their clients a …
Complaint data released recently by the Certified Automotive Parts Association (CAPA) confirms the Alliance of American Insurers’ long-held belief that certified generic parts are equal or superior to auto company replacement parts, according to AAI director of Claims Kirk Hansen. …
