Aon announced that it is joining a number of New York area insurance and consulting firms that have teamed up with Howard University to sponsor a special summer intern program designed to encourage highly qualified students to enter the insurance …
The Professional Insurance Agents of New York State Inc., issued a bulletin “imploring lawmakers in Albany to end the stalemate that threatens to deny tens of thousands of New Yorkers access to home and commercial property insurance.” The PIANY explained …
FPIC Insurance Group Inc. of Jacksonville, Fla. reported net income of $2.8 million, or $0.29 per diluted share, for the first quarter 2003, compared to a net loss of $26.7 million, or ($2.81) per diluted share, for the first quarter …
According to reports from Dow Jones Newswires, the Pennsylvania Insurance Department and the creditors of the bankrupt Reliance Group have presented a proposed agreement to U.S. Bankruptcy Judge Arthur Gonzalez in New York to split the group’s remaining assets on …
Unprecedented challenges facing the U.S. insurance industry in the past year, including asbestos claims and lawsuits, terrorism, a weak economy, and a continuing weak investment markets, have many insurance executives hoping the worst is behind them. Standard & Poor’s Ratings …
New York Superintendent of Insurance Gregory Serio announced that Richard J. Turkow of Binghamton, New York, was arrested last week and charged with Arson in the third degree and Insurance Fraud in the third degree. It is alleged that Turkow …
A report, which first appeared in the Philadelphia Inquirer, and was subsequently republished by Dow Jones, indicates that Pennsylvania regulators have reached an agreement with the other creditors over the division of the assets of the Reliance Group, which was …
Bermuda’s PartnerRe Ltd. announced that it has completed its offering of its Series C Cumulative Preferred Shares, resulting in net proceeds to the Company of $251.8 million. “The Series C Shares will trade on the New York Stock Exchange under …
In an unanimous ruling, the Appellate Division of the New York State Supreme Court recently applied an apportionment theory of liability that had previously only been used in pollution cases to a case involving lead paint, noting that the circumstance …
Winterthur, the insurance subsidiary of Credit Suisse Group, announced today that it is selling the Republic group of companies, its regional operation in the Southwestern U.S., for $127 million to a group of American investors led by Wand Partners Inc. …
