Louisiana Commissioner of Insurance Robert Wooley announced that a Baton Rouge, La., insurance producer was issued a cease and desist order, along with a summary suspension of his insurance license, due to allegations of fraudulent activity. Louisiana Department of Insurance …
Texas Workers’ Compensation Commission announced it is teaming up with employers to promote the eighth annual Drive Safely Work Week campaign, Oct. 4 – 8, 2004. According to TWCC by the end of the week, nearly 1,000 people will lose …
Overland Park, Kan.-based emergency services program administrator the American Agency has hired W.H. Leonard as its new vice president of risk management and client services. Prior to joining the American Agency, Leonard headed up EMS insurance programs for AZSTAR Insurance …
The glass-and-steel pavilion that held the Liberty Bell until last year is moving from Independence National Historical Park to an insurance college in the Philadelphia suburbs. The decision by the American College, which trains professionals in the insurance and financial-services …
Following up on his previous assertion that auto insurance in the state is actually too profitable, Massachusetts Attorney General Thomas F. Reilly has now called for a 6.2 percent cut in private passenger auto insurance rates for next year. Reilly’s …
Bermuda-based RenaissanceRe Holdings Ltd. estimates that Hurricanes Charley, Frances, Ivan and Jeanne will have a combined negative impact on the Company’s third quarter earnings of approximately $425 million. RenRe said “this initial estimate is based on results from catastrophe simulation …
The U.K.-based TT Club, a leading transport insurance mutual, announced that it is assigning more resources to expand its presence in the continental European market, particularly in Germany, Scandinavia and the Benelux Countries. TT has named Niels H. Aaskov to …
While the North American subsidiaries of the troubled Swiss reinsurer Converium AG were being downgraded (see related article in “National”), the remainder of the group received some good news with the announcement from A.M. Best Co. that it has affirmed …
Dr. Jurgen Forterer, CEO of R+V Versicherung, Wiesbaden, has resigned from the Board of Directors of Converium Holding Ltd. effective September 29, 2004. A company bulletin said his decision is directly related to the Group’s announcement that it will “focus …
London-based, ri3k, the global reinsurance infrastructure, announced that it has successfully completed an ACORD certified business integration with the ConCert production system of the UK division of international insurance and reinsurance broker, Aon. “Using secure SOAP [Simple Object Access Protocol] …
