This article reports on how the Southern District of New York granted partial summary judgment to certain property insurers in SR International Business Insurance Co. v. World Trade Center Properties LLC, 01 Civ. 9291 MBM (S.D.N.Y. Feb. 19, 2005). The court made clear that the period of restoration is the...
Insurance experts refer out some of the key mistakes that small business CEOs make--and the things that all business owners should be aware of when it comes to insuring their company. In this article there is a list of 12 things to keep in mind. First is, do your homework--before...
Homeowners' property damage insurance protects the insured against loss of a home or personal property. This article outlines some legal issues common to property damage insurance. Those issues are: Proof of Loss; Improper Claims Practice; Delay and Denial; Limitations on Action; and Valuation of Interest or Recovery. For each issue...
The property and casualty (P&C) insurance industry is in two businesses: underwriting risk and investment management. In its underwriting function, the industry examines the frequency and severity of potential damage to physical assets property or injury to persons casualty, and then places a value on insuring against, or underwriting, those...
Basically, three types of insurance are available to protect an individual's business: property, liability and workers' compensation. Workers' compensation insurance is required by law in all 50 states. Although property and liability insurance are not always mandatory, it makes sense to protect all of the company's assets with property and...
CHICAGO -- Zacks Equity Research highlights Allianz Aktiengesell (NYSE: AZ) as the Bull of the Day and General Motors (NYSE: GM) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Atmel Corporation (Nasdaq: ATML), Kimco Realty Corp. (NYSE: KIM) and Cabela's, Inc. (NYSE: CAB). ...
Multi-line insurer to rely on Guidewire ClaimCenter for next-generation claims handling and customer service enhancements SAN MATEO, Calif. -- Guidewire Software[R], a leading global provider of technology solutions to property and casualty insurers, today announced that The PMA Insurance Group has selected Guidewire ClaimCenter[R] as...
BIRMINGHAM, Ala. -- ProAssurance Corporation (NYSE:PRA) is included in the 2008 Ward's 50, the second straight year that the Company has been named to the prestigious list of top performing property-casualty insurance companies. As in 2007, ProAssurance is the only specialty medical professional liability carrier to be...
749,000 square foot lease at distribution center in the Inland Empire SAN FRANCISCO, July 8 /PRNewswire-FirstCall/ -- AMB Property CorporationR , a leading global developer and owner of industrial real estate, today announced it has leased the remaining 749,000 square feet of AMB Redlands...
COLUMBUS, Ohio -- State Auto Financial Corporation (NASDAQ: STFC) today announced its preliminary estimates of losses due to second quarter 2008 catastrophe storm activity. The company expects second quarter 2008 results will include between $76 and $84 million in pre-tax catastrophe losses. The above range includes $3.4...
Wholly owned subsidiary of Horizon Blue Cross Blue Shield of New Jersey looks to @Global for complete and current business intelligence BRECKENRIDGE, Colo. -- @Global, a software solution provider to the property and casualty insurance industry, today announced that Horizon Casualty Services HCS, a wholly...
Mortgage Innovator Responds to Market Opportunity by Adopting Optimization Technology SCOTTSDALE, Ariz. -- Response Analytics, a leading provider of solutions for driving business growth in financial services institutions, announced today that First American Subordinate Lien Outsourcing FASLO, a business unit within the Default Information Services...
HAMILTON, Bermuda -- Foster Wheeler Ltd. (Nasdaq: FWLT) announced that its Houston-headquartered operating unit, Foster Wheeler USA Corporation and FWUSA's Indian subsidiary, part of its Global Engineering and Construction Group, have acquired the bulk of the assets of Quotient Engineering, Inc. ("Quotient"). Established in 2001,...
Demonstrating its commitment to providinghighly personalized service, reduced turnaround time and decreased claimseverity averages, PDA -- the largest automobile appraisal and inspectionservice network inthe industry -- has implemented a rigorous audit program within itsfranchise operations. The audit will act as a "checkup" and as a means of implementing...
Expert Group Inc. (PINKSHEETS: EXPT), www.ExpertFinancing.net , begins July 2008 operations with the announcementof the acquisition of Bache Leasing Inc. and that for the first week ofJuly 2008 the company will be closing over 1.5 million in originations. Expert Group, Inc., with the acquisition of Bache Leasing, is...
Denison Mines Corp. ("Denison") (TSX: DML)(AMEX: DNN) is pleased to announce that it has entered into a credit agreement with The Bank of Nova Scotia for a US$125,000,000 revolving term credit facility ("the facility"). The facility will be secured by the assets of Denison Mines Inc. ("DMI"), a...
CSA: Pretrial detention is not the same as serving time Pretrial detention is not equivalent to serving time for a crime when it comes to defining multiple convictions for sentencing purposes, the Court of Special Appeals has ruled, reversing the mandatory prison sentence...
Attachmate Verastream[R] Host Integrator Allows Century-National Insurance to Increase Speed-to-Market and Decrease Administrative Missteps SEATTLE -- Attachmate Corporation today announced that Century-National Insurance Company is using its Verastream([R]) Host Integrator software to provide its brokers with instant, remote Web-based access to insurance policy information previously...
SCHAUMBURG, Ill. -- Zurich, one of the world's largest property-casualty insurance companies, today named Vibhu R. Sharma chief financial officer for its North America Commercial business division. "Vibhu brings strategic thinking, leadership and staff development qualities to his position, as well as strong business acumen...
Joe Paulsen helps clients better understand their customers, communicate more effectively and measure marketing impact for greater customer relationship management SCHAUMBURG, Ill., July 7 /PRNewswire/ -- ExperianR, the global information services company, is proud to announce the hiring of Joseph M. Paulsen as senior...
Articles 2008-07-07
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