New York’s Superintendent of Insurance Gregory V. Serio and Attorney General Eliot Spitzer aren’t resting on last year’s achievements in fighting fraud (See IJ Website Mar.9). Yesterday they announced the filing of a 100-count indictment charging 11 people and seven …
The American Insurance Association joined the PCI (See IJ Website Mar.9) in announcing its opposition to a Massachusetts bill (SB 2093) that would ban the use of credit-based insurance scores. The AIA said passage of the measure “would do more …
Lloyd’s announced that two U.S.-based brokers have been honored for their outstanding achievements in 2003. Gary Cooney of McGriff, Seibels & Williams was named US Surplus Lines Broker of the Year and John Gilbert of Holborn Corporation, Reinsurance Broker of …
A.M. Best Co. issued a brief announcement noting Corporacion Mapfre’s recently announced plan to proceed with a rights issue to raise 500.5 million euros ($618 million). “Corporacion Mapfre is a subsidiary of Mapfre Mutualidad de Seguros y Reaseguros—currently rated A+ …
Lloyd’s announced that Philip Lader, former U.S. Ambassador to the United Kingdom, is to join the Council at Lloyd’s, the ultimate governing body of the market. Lader served as U.S. Ambassador to the U.K. from 1997 to 2001 and has …
Commercial insurance buyers experienced a turbulent past year as the hard market reached its peak and then began its current softening trend, according to the annual market survey from the Risk and Insurance Management Society (RIMS), which was released this …
Aon announced the creation of a State and Local Government (SALG) consulting practice. The SALG practice will offer employee benefits and human capital consulting solutions and services to a wide variety of public sector entities, including statewide retirement systems, universities, …
In recent years, regulatory and tax issues, as well as market dislocations, have contributed to the formation of new insurance and reinsurance companies. As a result, growing numbers of brokers, agents, lenders, capital market participants and corporate clients are seeking …
Big “I” Markets, the online market-access program developed by the Independent Insurance Agents & Brokers of America (IIABA), announced that National Interstate Insurance Company is providing Big “I” member agents and brokers access to its recreational vehicle (RV) policy. National …
A Sunday night fire in Selma damaged two businesses and the Alabama Employment Office. All three were located in the 1000 block of Broad Street in downtown Selma. The fire originated in the Family Dollar Store. The Rent-A-Center and the …
