December 20, 2015
Where: Bala Cynwyd. Parent: Tokio Marine Group, Japan. Business: Sells insurance in many niches - bowling alleys, cyber security, yoga studios, pest control, zoos, professional liability. What's new: Now covers craft breweries. 2015 revenue: $2.9 billion. Employees: 2,000; 600 here.
June 22, 1987 |
Services were to be held this morning for Marie Franchetti, vice president of an insurance brokerage firm and a nationally recognized specialist in aviation insurance, who died Friday. She was 44 and lived in South Philadelphia. Franchetti had worked for Rollins Burdick Hunter, an insurance brokerage service with offices in the Ledger Building, since 1984. Previously, she had worked for Corroon and Black, an insurance agency. "Marie was an aviation insurance specialist," said Gil White, a vice president of Rollins Burdick Hunter and a close friend.
March 29, 1997 |
Back in town from two-day owners summit in West Palm Beach, Phillies president and general partner Bill Giles sounded less optimistic about signing Curt Schilling in time for the pitcher's Monday midnight deadline. The problem? "I'm not sure we can get the right insurance," he said, watching the Phillies win their 17th spring training game last night against Toronto at Jack Russell Stadium. Giles would like 100 percent insurance on Schilling's right arm. American Specialty, the insurance company he is dealing with, might be unwilling to do that.
September 11, 2009 |
For all President Obama's tough talk about insurance companies Wednesday night, health-economics experts said his overhaul plan held little obvious pain for insurers. Requiring everyone to buy coverage - with government subsidies when necessary - would bring in millions of new customers, lower selling costs, and reduce the hidden tax that all privately insured people pay for those without insurance, experts said. Insurance companies would have to give up some of their most egregious practices - refusing to sell insurance to the people most likely to need it, for example, or dropping customers who get sick - but they would all be in the same boat.
July 28, 1988 |
The New Jersey Attorney General's Office has launched a review of Camden County's practices for awarding its insurance business, according to Deputy Attorney General Daniel P. Reynolds. In a letter to Freeholder Michael J. DiPiero, Reynolds said that his office was examining whether the county complied with the state public contracts law when it awarded its no-bid insurance business, worth more than $3.7 million since the start of 1987. DiPiero, a Republican, asked the state Department of Community Affairs last month to examine the county's procedure for giving that insurance business to Democratic Party leaders, including the party treasurer, John Gallagher, and the treasurer of the current freeholder campaign, Peter DiGiambattista.
December 31, 1998 |
In the weeks before the Allegheny health system filed for bankruptcy in July, it quadrupled the value - from $50 million to $200 million - of liability insurance policies covering its board of directors and officers. Allegheny's creditors staked claim to that money yesterday - just in case coverage lapses at year's end today. They informed the health system's directors and officers of their intention to pursue the insurance money. The committee representing Allegheny's 65,000 unsecured creditors wrote to board members and executives viewed as most responsible for Allegheny's financial collapse.
June 28, 1994
Goll-lee! Isn't that health-care debate somethin'? First, the president's plan includes at its very center a requirement that employers pay the cost of health insurance. In a way, this is a conservative position, since most Americans get their health care through their employers. It even makes accounting sense, because there is nowhere that the cost of health insurance isn't a factor in what's eventually in your paycheck. However, much to everyone's surprise, the Republicans went bats over it. Republicans these days go bats over virtually anything that might destroy Bill Clinton's chance to accomplish anything.
February 18, 1993 |
The township will begin picking up the tab for its commissioners' health, medical and accident insurance. The Board of Commissioners approved an ordinance Monday night authorizing the commissioners to receive the insurance. Recently adopted state legislation enables township commissioners to receive health coverage similar to that given to township employees, said Robert Breslin, acting solicitor. The commissioners also approved two other ordinances: One restricts parking on Second Street at Erickson Avenue and the second makes Fourth Street one-way in a westerly direction between Printz and Wanamaker Avenues between 6 and 9 a.m. Monday through Friday.
December 1, 1986 |
If you can insure yourself, your spouse, your home and your automobile, why not another prized possession: your VCR? Such is the sales pitch many consumers hear when they go out to buy a new appliance. In the Philadelphia area, stores are offering policies resembling insurance for a ever-expanding assortment of products: stereos, videocassette recorders, lawn mowers, washers, computers, bicycles, refrigerators and even tires. Basically, if it can break, someone will try to sell you a policy to get it fixed.
June 25, 1990 |
Envision going to your bank to cash a check and being offered a life insurance policy, or even auto insurance. Futuristic? Well, the future may be nearer than you think. Consumers can't now buy life, health, auto or homeowners insurance through their banks, but a law enacted last month in Delaware allows state-chartered banks there to underwrite and sell insurance nationwide for the first time. Leading the push by banks to get into insurance are Citibank and Chase Manhattan, two of the nation's largest banks, both of which have subsidiaries in Delaware that could be used to sell insurance nationwide.