Specialty Underwriters’ Alliance Inc. announced a new partner agent contract with Appalachian Underwriters, Inc., which specializes in small artisan and general contractors business such as carpentry, electricians, and interior decorators, as well as suppliers to the construction industry such as …
Connecticut Attorney General Richard Blumenthal, whose targets as the state’s top prosecutor have included the insurance industry, has said he will not run for governor but will run for re-election as attorney general. Democratic leaders had hoped that the popular …
State Auto Financial Corporation today announced it estimates that catastrophic storms during the third quarter of 2005 will produce between $42 and $46 million in pre-tax losses for STFC. This is expected to add between 15 and 17 loss ratio …
CNA Financial Corporation announced that its preliminary estimate of losses relating to Hurricane Katrina is approximately $280 million, after-tax. This estimate includes pretax gross commercial losses and loss expenses of $750 million, anticipated reinsurance recoveries and reinsurance reinstatement premiums. The …
Jeffrey Greenberg, former Marsh & McLennan chief executive officer, is raising funds for a private equity fund that will invest in insurance and other financial services companies, the Wall Street Journal has reported. The fund, named Acquline, could be up …
ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, has named Jim Shevlin assistant vice president and regional business development manager for ACE USA’s Southeast Region. Based in Atlanta, Shevlin will manage distribution, product sales and …
West Virginia Insurance Commissioner, Jane L. Cline, announced one employer, Brett A. Starr was indicted last month by a Kanawha County Grand Jury on the felony offense of Workers’ Compensation Fraud. At the same time the commissioner announced an employee, …
The National Association of Mutual Insurance Companies (NAMIC) has joined with State Farm Florida Insurance Company to file an amicus curiae brief in a case involving Florida’s valued policy law. “NAMIC filed a friend of the court brief because our …
Canada’s Fairfax Financial Holdings Limited has issued a brief statement clarifying its situation with regard to the ongoing investigation by the Securities and Exchange Commission and the U.S. Attorney for the Southern District of New York. Fairfax had issued an …
A bulletin from the Insurance Bureau of Canada gives details of a new anti-crime initiative, designed to make it easier for Canadians to report auto theft, insurance fraud, staged auto collisions and other crimes related to insurance. Canada’s home, car …
