An “odd-couple” coalition of New York consumer groups and insurance industry representatives have come together to oppose a bill which would eliminate the $100 cap on a consumer’s liability for damages to a rental car. Both groups warned of higher …
NJ-based independent loss adjusting and investigative services provider GAB Robins announced that it was responding to the increasing number of claims involving mold by offering a package of services through its Engineering and Fire Investigations unit (EFI) to “identify, analyze …
Robert G. Captain, insurance instructor at Grossmont College, El Cajon, Calif., was named the InVEST Teacher of the Year, announced the InVEST Board of Directors. InVEST-which maintains it is the only education program that strengthens the insurance industry by attracting …
The National Association of Independent Insurers (NAII) announced that the California Assembly Insurance Committee on July 11 will hold a hearing to debate legislation that would impede insurer efforts to investigate claims involving suspected insurance fraud. The NAII stated it …
According to a new Conning & Company study, while the overall U.S. job market has cooled considerably over the last year, the demand for qualified insurance claims professionals has never been higher. In fact, the dearth of experienced claims professionals …
According to Reuters Securities, J.P. Morgan Chase announced on July 9 that it had started coverage of insurance broker Willis Group Holdings Ltd., the world’s No. 3 insurance broker, with a long-term buy rating. It was also reported that in …
Kemper Insurance Companies announced a strategic alliance with UnumProvident Corporation and Gallagher Bassett Services Inc. that will offer employers an alternative for meeting their Integrated Disability Management (IDM) needs. Through the combined efforts of these industry leaders, the companies will …
Fitch downgraded the insurer financial strength rating (FSR) of Continental Casualty Company Pool (CCC Pool) from “AA-” to “A+.” The related Rating Outlook remains Negative. The CCC Pool is Chicago-based CNA Financial Corporation’s (CNA) largest property/casualty operation, and maintains a …
Royal & Sun Alliance picked up another piece of the U.K. ‘s Independent Insurance, when it reached a deal with the failed insurer’s liquidators PricewaterhouseCoopers to pay £3 million ($4.2 million) for its loss adjusting business. The deal will save …
Zurich North America’s Emerging Markets Group announced that it has issued a political risk policy on $600 million worth of bonds issued by a subsidiary of Petrobas, Brazil’s state-owned oil company. The policy on the ten-year bonds, protects investors against …
