In a decision that could cost insurers many more billions of dollars than they have already paid out in Hurricane Katrina claims, a federal judge in New Orleans has ruled that ambiguities in certain homeowners policies leave open the possibility …
UnionBanc Insurance Services Inc., Fullerton, Calif., is expanding its focus to the Pacific Rim with the addition of Ted Ikuta, who joins the company’s Fullerton office as senior vice president. Ikuta has more than two decades of specialized insurance and …
Unitrin Specialty investigator reminds shoppers to use common sense The gifts you’ve spent hours shopping for could be gone in under 15 seconds if you’re in too much of a rush this holiday season. You can make sure those receipts …
Members of the National Association of Professional Insurance Agents and the insurance companies they represent can now participate in a new branding program, Local Agents Serving Main Street America,which has been designed to increase independent agents’ market share and positioning. …
McGowan Insurance Group, Inc. of Indianapolis received the Independent Insurance Agents of Indiana’s (IIAI) ” Agency of The Year Award” on Nov. 11 in an awards ceremony at their Annual Convention. The Agency of the Year Award criteria is detailed …
A.M. Best Co. has assigned a financial strength rating of A- (Excellent) to Blue Whale Re Ltd. of Burlington, Vermont. The rating outlook is stable. A.M. Best said the rating reflects the company’s “strong capitalization and its conservative operating strategy.” …
AIX Group, Inc., a specialty insurance holding company headquartered in Windsor, Conn., has hired Peter Soloway as vice president of program business development. Soloway will be responsible for the coordination of program management, underwriting, claims administration, reinsurance placement and policy …
OneBeacon Insurance Group is entering the group Accidental Death and Dismemberment insurance market. Three industry veterans — Lori Cernera, Keith Firestone, and Stephen Mueller — recently joined the company to lead the effort. The company is targeting product availability by …
Jorge Gomez, the Wisconsin state insurance commissioner since 2003, will be leaving the position next month to return to the private sector, Gov. Jim Doyle announced Monday. Doyle said a successor would be named soon. Doyle credited Gomez with helping …
Major global political and business leaders say energy issues are high on their agenda and that the demands and risk transfer needs of this sector pose challenges and opportunities for insurers and reinsurers. At Swiss Re’s Centre for Global Dialogue, …
