Allianz AG’s Annual General Meeting (AGM) formalized a number of management changes. Michael Diekmann officially takes over today as the new Allianz Group CEO. His predecessor, Henning Schulte-Noelle, who agreed to step down last December, will succeed Klaus Liesen as …
A Gonzales, La. insurance agent was shut down this week in the latest investigation of alleged insurance fraud across the state, Louisiana Insurance Commissioner Robert Wooley has confirmed. Department of Insurance Fraud Unit investigators served Melissa Guillot Robert at Ascension …
A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of New Jersey-based Selective Insurance Group. The rating applies to the group’s five intercompany pool members led by Selective Insurance Company of America. Concurrently, A.M. Best has affirmed …
Bermuda-based ACE Limited reported the results of operations for the quarter ended March 31, 2003. Highlights for the quarter are as follows: *Net income (including realized losses) for the quarter totaled $247 million compared with net income of $198 million …
California-based Zenith National Insurance Corp. reported net income of $11.7 million, or $0.62 per share, for the first quarter of 2003 compared to net income of $2.8 million, or $0.15 per share, for the first quarter of 2002. Gross workers’ …
Alabama-based Infinity Property and Casualty Corporation reported net earnings for the first quarter of $11.5 million or $0.57 per share, on a fully diluted basis, compared to net earnings of $9.0 million or $0.44 per share on a pro forma …
Nevada Insurance Commissioner Alice Molasky-Arman has denied the request of Farmers Insurance Company for an average increase of 2.8 percent for private passenger automobile insurance. Molasky-Arman denied the request, because of her concern that the proposed premium modifications differed too …
Duplication of existing law and additional exorbitant costs to homeowners in California are two of the main reasons the Personal Insurance Federation of California opposes AB 1191 by Assemblymember Patricia Wiggins. AB 1191, as amended, requires an insurer to inform …
Noting that events in today’s litigation world are “happening very rapidly,” Jess Dickinson, justice-elect of the Mississippi Supreme Court, was one of a number of panelists who addressed the current state of tort reform during the 81st annual meeting of …
Docucorp® International, a provider of enterprise information solutions, will demonstrate its insurance and financial services solutions at LIA’s 23rd International Annual Conference and Exhibition in London, May 1-2. “Docucorp will be demonstrating its insurance solutions, which streamline and automate policy …