It may still be wintry and cold in London and Minnesota, but that hasn’t seemed to dampen the springtime ardor for big merger plans. Shortly after speculation rose that St. Paul/Travelers was seeking to merge with Swiss-based Zurich Financial Services …
Mainers who become victims of identity theft are getting some help from the Legislature, which enacted a bill that follows up on State House action taken last year. A bill signed by Gov. John Baldacci clarifies the process of cleaning …
News Currents Only about half of homeowners living in some of the most flood-prone areas of the United States buy federal flood insurance, leaving millions of families at risk for severe financial losses when floods strike, according to a recent …
Are you an insurance agent, or are you an insurance educator? If you don’t know the answer, chances are pretty good that you are an agent. Anyone who has sold insurance for even a short period knows that the world …
Not all Oil & Gas programs are created equal The American market has expanded in numbers from AIG Oil Rig, principally alone 30 years ago, to perhaps 10 domestic energy markets. Other foreign carriers in Bermuda and some in Europe …
The Antifraud Task Force cited the need for a uniform database that would allow state authorities to track vehicles damaged by floods. Federal Bureau of Investigation targeting insurance fraud Agent reports to insurance regulators on double-dipping, prior damage, stolen property …
Lloyd’s Chairman Lord Levene with newly-appointed Chief Executive Richard Ward. New chief charged with improving market efficiency, moving the market to the next level By Charles E. Boyle In an announcement that surprised no one in London’s tight knit insurance …
Earthquakes, floods and wildfires oh my! Solid disaster recovery plan keeps surplus lines brokerage firm afloat in New Orleans In the wake of Hurricane Katrina, the New Orleans area office of Crump Insurance Services was left without a home, like …
Speaking at the World Insurance Forum in Bermuda, Hemant Shah, Risk Management Solutions CEO, warned that insurers should be preparing to increase their reserves for catastrophe losses, not only due to the unprecedented 2005 hurricane season, but also to prepare …
Berkshire’s Buffett still high on insurance despite catastrophe risk Gen Re misfortunes overcome by Geico’s stellar performance, Buffett says Warren E. Buffett, the billionaire chairman of giant Berkshire Hathaway, praises the performance of his primary insurance units, particularly Geico, in …
