St. Paul Travelers Cos. plans to cut 3,000 jobs so it can deliver the savings that executives promised to investors when The St. Paul Cos. merged with the Travelers Property Casualty Corp. Extensive layoffs have been expected since The St. …
The American Association of Trial Lawyers held its annual convention in Boston early this month. Supreme Court Justice Stephen Breyer was among the speakers. The following is an exchange of emails between ATLA’s media relations chief and Insurance Journal’s Andrew …
Los Angeles-based The Cooperative of American Physicians, Inc.-Mutual Protection Trust (CAP-MPT), a provider of medical professional liability protection, has appointed John A. Donaldson chief financial officer. Donaldson, a 25-year veteran of the property-casualty insurance industry, is an expert in the …
William Newton, president of Los Angeles-based Lemac & Associates announced the addition of a new General Liability Market for Custom Home Builders in California. The target audience is High End Custom Home Builders who build less than 10 homes per …
The Massachusetts high risk plan currently in the throes of changing from a reinsurance plan to an assigned risk plan now has five new governing committee members. Massachusetts Insurance Commissioner Julianne Bowler has named three carrier representatives and two producer …
The introduction of a bipartisan Senate bill to extend the Terrorism Risk Insurance Act (TRIA) for two years is encouraging news and demonstrates the widespread understanding among members of Congress that the economic safety net for terrorism losses must remain …
Richard J. Maka has been named the new director of marketing at the American Association of Insurance Services (AAIS), a national advisory organization that develops policy forms and rating information for U.S. property/casualty insurers. Maka has more than 14 years …
Although unlicensed and uninsured drivers comprise a significant traffic safety concern across the country, the solution to the problem is not compulsory automobile liability insurance, according to the Property Casualty Insurers Association of America (PCI). “Unlicensed and uninsured drivers are …
A.M. Best Co. has downgraded the debt ratings of St. Paul Travelers Companies Inc. (St. Paul Travelers) to “a-” from “a” on senior debt, “bbb+” from “a-” on subordinated debt, “bbb” from “bbb+ on trust preferred securities and “bbb” from …
The National African-American Insurance Association (NAAIA) has announced that its 2004 National Conference and Empowerment Summit will be held Sept.16-18 at The Palmer House Hilton in Chicago. Hundreds of independent agents, company representatives and industry professionals are expected to attend. …
