A managing director at an American International Group investment unit and two other investment advisors have been indicted for their part in an alleged bribery scheme in Azerbaijan. AIG, which says it was defrauded by the employee, issued a statement …
The organization representing Connecticut’s workers’ compensation insurers has filed for revised loss costs for the voluntary and involuntary markets for January, 2006. The National Council on Compensation Insurance is requesting an overall pure premium level increase of 0.8 percent for …
Insurance companies are making new agency appointments in New Jersey in record numbers, according to a recent member survey by the Professional Insurance Agents of New Jersey Inc. The association annually updates its data on its members’ company representation. According …
The Medical Society of the State of New York has expressed serious concerns of the physician community regarding the recent announcement that HIP Health Plan of New York (HIP) and Group Health Incorporated plan to merge, as well as the …
The Association of California Insurance Companies (ACIC) has commended Gov. Arnold Schwarzenegger for signing into law two bills designed to improve highway safety. The bills are AB 1325, which addresses motor vehicle speed contests, and AB 1474, which amends the …
Bermuda-based Everest Re Group Ltd. announced that net pre-tax catastrophe loss impacts arising from third quarter events are expected to be significant, with the principal components being $638 million attributable to Hurricane Katrina and $54 million attributable to Hurricane Rita. …
Lloyd’s announced an interim profit of 1.38 billion pounds Sterling ($2.47 billion) for the six month period ended June 30, 2005, a 21% increase compared to the same period in 2004. The severe hurricane season will reportedly have a significant …
Texas-based American National Insurance Company announced that its subsidiary property and casualty companies, including American National Property and Casualty (ANPAC) and ANPAC Louisiana Insurance Company and their subsidiaries, have revised their estimated pre-tax loss, net of reinsurance, from Hurricane Katrina …
Although now a depression, what was once Tropical Storm Tammy flooded homes and roads in parts of Georgia Wednesday night and into Thursday. The storm brought down trees and power lines, leaving more than 16,500 utility customers without power from …
Insurance executives from four independent agent/broker insurance carriers concur that contingency commissions are an important incentive for carriers to offer producers. The panelists discussed their views on contingency commissions and other hot topics at the closing session at the 2005 …
