Bermuda-based Trenwick Group Ltd. announced that it has filed for protection under chapter 11 of the United States Bankruptcy Code with the United States Bankruptcy Court of Delaware. The filing also includes its affiliates LaSalle Re Holdings Limited and Trenwick …
Insurance Australia Group Ltd. joined the growing ranks of insurers reporting strong profits. The group, which includes Insurance Australia Ltd. the successor to NRMA, the country’s largest auto insurer, reported full year, 2002-03, net profits of A$153 million (U.S. $100 …
Travelers Bond, a division of Travelers Property Casualty Corp., has extended its fiduciary liability policies to provide a sublimit of coverage for civil fines and penalties assessed under the Health Insurance Portability and Accountability Act (HIPAA). In response to HIPAA, …
Last week’s blackout that halted power throughout the Midwest, the northeastern U.S., and parts of Canada reportedly might only have a minimal impact on U.S. insurance companies, depending on the official cause of the power outages, according to Standard & …
A bill restricting insurers’ use of credit information for personal lines underwriting and rating passed the Senate Aug. 20 and heads to the Oregon Governor Ted Kulongoski’s desk for his consideration. “Senate Bill 260 attempts to balance consumers protections with …
Texas WCI Inc. announced that Braden Brown has joined the firm as vice president. He will be based in Texas WCI’s Dallas office. Brown most recently was associated with a large retailer of commercial insurance in Houston. He has previously …
Marine Insurance Seminars Inc. will hold the Houston Marine Insurance Seminar Sept. 21 – 23 at Houston’s Westin Galleria. Included in the line up of speakers are: James T. Hackett, chairman, president and COO – Devon Energy Corporation; Graham Clarke, …
The cost of household water damage in South Carolina continues to grow at an alarming rate, according to the South Carolina Insurance News Service (SCINS). The group said that in 2002 water claims cost the insurance industry over $36 million …
Most employers and injured workers are happy with how the Washington Department of Labor and Industries handles workers’ compensation claims, according to a recent customer satisfaction survey. The Gilmore Research Group of Seattle surveyed more than 900 employers and injured …
Boulder, Colo.-based International Catastrophe Insurance Managers, LLC (ICAT), announced that John Beck and John Johnson have been appointed to the position of senior vice president and regional executive officer for the Company. Beck will lead ICAT’s expansion on the Eastern …
