Insurance industry
Poe & Brown, Inc., a leading general insurance agency, has announced the appointment of James A. Orchard as its new Chief Financial Officer, effective September 11, 1995. Orchard brings with him a strong financial background and a wealth of experience, having served as Assistant Vice President of Finance and Tax
Insurance industry
Warner Insurance Services' subsidiary, Cover-All Systems, Inc., has entered into a significant software licensing agreement with Sun Alliance Insurance, the second largest insurer in the United Kingdom. This new agreement, valued over $1.2 million, allows Sun Alliance to utilize Cover-All's Total Administration Solution (TAS) modules, including
Insurance industry
Northwestern Mutual has been named the top "traditional" life insurance company in a recent survey of industry executives, according to a report by Tillinghast - Towers Perrin. The survey, conducted in April and May, included CEOs of 343 of the largest life insurers in the United States and
Insurance industry
The Chase Manhattan Corporation announced the closure of a $1 billion syndicated credit facility for the Florida Windstorm Underwriting Association (FWUA), a residual market provider of insurance coverage in the State of Florida. The facility will finance loss claims incurred as a result of windstorms, hurricanes, tornadoes, and other covered
Insurance industry
Specialized insurance agents who take the time to meticulously research coverage options for their clients often overlook their own liability needs, leaving themselves vulnerable to costly lawsuits. Agents face liability from three sources: customers, insurers, and third parties. According to Executive Risk Management Associates, many agents fail to secure comprehensive
Insurance industry
The Sedgwick Group, a leading provider of risk consultancy, insurance broking, and financial services, has announced its unaudited pre-tax profit for the first six months of 1995, rising to 63.1 million pounds compared to 63.4 million pounds for the same period in 1994. Revenue increased by 2 percent
Insurance industry
Aetna Life Insurance and Annuity Company, a subsidiary of Aetna Life and Casualty Company, has reached a significant milestone with the announcement of a selling agreement with Huntington Insurance Agency Inc., a subsidiary of Huntington Bancshares, Inc. This strategic partnership aims to bring Aetna's life insurance products to
Insurance industry
As Hurricane Erin makes its way through the region, residents need to understand what damage is covered under standard business and homeowners policies. According to the Insurance Information Institute, standard policies will cover wind damage, but flood damage is covered under separate policies, either through the National Flood Insurance Program
Insurance industry
Mercantile Mutual, one of Australia's leading insurance and financial services groups, has selected Informix Software Inc.'s INFORMIX(R)-OnLine Dynamic Server(TM) as its corporate database platform to support the development of major strategic systems. This decision was made after a comprehensive evaluation of open systems
Insurance industry
The state of California has long been at the forefront of trends, regulations, and legislation affecting the property and casualty insurance industry. Since the passage of Proposition 103 in 1988, the state has become a battleground for new and old ideas that impact the free enterprise precepts that allow the
Insurance industry
Citation Insurance Group, a regional multiple-line specialist in the workers' compensation and commercial property and casualty marketplace, has faced significant challenges in California. The company announced that the California Department of Insurance has placed its subsidiary, Citation General Insurance Company, into conservation, effective July 21, 1995. This decision was
Insurance industry
Conseco's plan to acquire all outstanding shares of CCP Insurance, Inc. and 80% of Bankers Life Holding Corporation is set to alter the company's financial structure, leading to several rating actions. This move will increase Conseco's debt-to-total capital ratio from 21% to 49% and
