Trade credit insurance provider Euler Hermes ACI announced that Rani Christie has joined the company as regional vice president for its new Southern sales region. The new Southern Region, the fourth sales region for the company, encompasses the states of …
While increased frequency of hurricanes is nothing new in historical terms, the enormous growth in coastal population and development is dramatically increasing the potential for insured losses, according to a new paper from GE Insurance Solutions. “Demographic trends in Florida …
Stringent new ethics rules and the elimination of patronage should limit questions about staff integrity at the scandal-plagued Oklahoma Insurance Department, Insurance Commissioner Kim Holland said in an interview. Employees cannot accept “even a cup of coffee” from an insurance …
Cathleen C. Beavers has been named general manager of Texas Automobile Insurance Plan Association, according to TAIPA Chairman Brad Duelks. Previously, Beavers was residual market business advisor for USAA in San Antonio where she managed the auto residual market for …
An insurance company might have to pay $1.8 million if the lone survivor and relatives of five other victims of a shooting spree win lawsuits against the attacker’s parents, the Pennsylvania Superior Court ruled. Donegal Mutual Insurance Co. would have …
The directors of Australia’s QBE Insurance Group Limited announced that net profit after tax for the 2005 financial year increased by 27 percent to A$1.091 billion (US$806 million). Profit before tax was up 37 percent to A$1.523 billion (US$1.125 billion). …
Insurance Australia Group Ltd. (IAG), the country’s biggest auto and home insurer, posted a six-month profit for the period ended Dec. 31, 2005 of A$461 million (US$340.7 million). However, overall policy sales declined by 3.7 percent during the period to …
A.M. Best Co. announced that it has affirmed the “A+” (Superior) financial strength rating and assigned an issuer credit rating (ICR) of “aa” to Japan’s Mitsui Sumitomo Insurance Company Ltd. (MSI) with a stable outlook. “The ratings reflect MSI’s strong …
The Bermuda-based PXRE Group Ltd. reported a net loss before convertible preferred share dividends of $446.5 million for the quarter ended December 31, 2005 compared to net income before convertible preferred share dividends of $32.8 million in the fourth quarter …
The roof of a wholesale market in Moscow collapsed early Thursday morning, Feb. 23, killing at least 18 people and injuring 24 more. An unknown number of people were trapped in the fallen debris. Rescue workers are combing the remains …
