Newark, Calif.-based Risk Management Solutions (RMS), a global provider of products and services for the management of natural hazard risks, released version 2.4 of the Climetrix weather derivatives trading and risk management system. The new version incorporates numerous enhancements and …
Keane Inc. announced it will make available Application Development and Management (ADM) Outsourcing services to the Personal Lines Division of Great American Insurance Co., which offers a number of auto and personal lines insurance products via a network of independent …
The American Insurance Association (AIA) Board of Directors formally endorsed draft legislation that would allow property/casualty insurance companies to obtain a federal business charter. Although the AIA proposal is designed for primary property/casualty insurance companies, it could be expanded to …
The National Conference of Insurance Legislators (NCOIL) adopted a model bill that calls for states to adopt a use-and-file approach for personal lines rates, in what industry groups are calling a significant victory in the modernization of personal lines regulation. …
Independent insurance agents can increase sales of life, health, retirement and group benefits to small business customers, but cross-selling is more effective when agents understand buying patterns and characteristics of specific groups of customers, according to a new study by …
Illinois-based Horace Mann has submitted a settlement deal to the court regarding a class action suit that was levied against the company from customers who purchased a variety of disability policies. The parties involved in the suit have come to …
AEGON Canada Inc., a member of the international AEGON Group and the parent company of Transamerica Life Canada, reached an agreement to acquire 100 percent of the shares of National Financial Corporation, the parent company of Money Concepts (Canada) Ltd., …
Dutch-Belgian financial group Fortis is not commenting on renewed rumors that it is in merger talks with Britain’s Lloyds TSB and analysts said it would not want to enter any partnership as the junior member, according to Reuters News Service. …
InsureHiTech announced it has received $4.35 million, with a flat valuation from the A round, from J.P. Morgan Corsair II Capital Partners LP, a $1 billion private equity fund, and two other strategic investors. InsureHiTech is an e-business property and …
Mitchell Medical, the premier provider of cost-containment solutions for medical claims processing solutions for the auto insurance industry, and Cardiff Software Inc., a leader in forms processing and eBusiness automation solutions, announced a partnership to deliver a scanning solution that …
