eReinsure(TM), a provider of e-commerce technology for negotiating reinsurance, announced the appointment of James Low as Director of Business Development, responsible for developing the company’s client base with special emphasis on reinsurance companies. Low, who’s also expected to contribute his …
Converium, the Swiss-based reinsurance group, spun off by Zurich Financial Services at the end of 2001, posted an 11.1 percent decline in net profit for the first quarter of 2003 of $25.5 million, compared to $28.7 million in the same …
Standard & Poor’s Ratings Services, in a new publication entitled “Taiwan Insurance Outlook 2003,” announced that it has revised its outlook on Taiwan’s nonlife insurance sector to stable from negative. It’s maintaining its negative outlook, however, on the island’s life …
Bermuda’s XL Capital Ltd. reported net income available to ordinary shareholders for the quarter ended March 31, 2003 of $239.9 million, or $1.74 per ordinary share, compared with net income of $89.5 million, or $0.65 per ordinary share, in the …
Senate Majority Whip Jeffrey Piccola (R-15) emphasized Monday the need for enacting caps on non-economic damages in medical malpractice cases to members of the Politically Active Physicians Association (PAPA) at rallies in Southcentral and Southeastern Pennsylvania. Doctors are beginning a …
Investigators from the California Department of Insurance Fraud and Investigations Divisions, along with the Vallejo Police Department, served a search warrant April 22, 2003 to former insurance broker Jimmie Earl Jackson. According to investigators, Jackson was operating Jaxon Insurance Services …
A California Department of Insurance Advisory Notice significantly restricts homeowners insurance underwriting and, if fully implemented, reportedly could result in fewer choices and higher prices for consumers in the state. The Association of California Insurance Companies (ACIC), and affiliate of …
Wachovia Insurance Services (WIS), of Charlotte, N.C., reported that 20 producers from its Insurance Advisors group have received industry recognition for hitting the Million-Dollar Roundtable (MDRT) level. Top of the Table and Court of the Table are MDRT designations reserved …
The South Carolina Department of Insurance issued a statement reminding all resident and nonresident producers licensed on January 31, 2003 with unlimited lines of authority are required to pay a one-time $35 administrative fee to the South Carolina Department of …
N.C. Insurance Commissioner Jim Long announced that a McDowell County resident was indicted by a Mitchell County Grand Jury on allegations of defrauding hundreds of insurance policyholders. Harold T. Davis, a former insurance agent with State Farm Insurance Company of …
