On behalf of the nation’s insurance commissioners, NAIC President and Kansas Insurance Commissioner Kathleen Sebelius is urging Congress to remove a provision from H.R. 1408, the Financial Services Antifraud Network Act of 2001, that gives the General Accounting Office (GAO) …
Marsh Inc. announced it has hired four new professionals at its Kansas City office. John Puetz accepted the position of managing director and head of office. Puetz’s experience is in value-based risk management techniques. Puetz leads a team of specialists …
Standard & Poor’s today affirmed its “AA-” counterpary credit and insurer financial strength ratings on Dutch companies Royal Nederland Schadeverzekering N.V., Royal Nederland Levensverzekering N.V., and London Verzekeringen N.V. (together known as the Royal Nederland Verzekering Group; RNV). All ratings …
New Jersey-based Selective Insurance Group Inc. noted in a report that its independent agent partners have released more than $2 million in business through “One & Done,” Selective’s Internet-enabled business system which permits agents to quote, bind and process small …
An article in the Contra Costa Times reported that California state investigators last week searched three brokers in the East Bay area, including Arvind Insurance Services in Richmond, to check allegations of fraud by brokers selling principally taxicab insurance. In …
State insurance fraud bureaus have doubled their criminal convictions for scams since 1995, but many states remain ill-equipped to combat a crime wave that’s increasingly dominated by organized crime rings, says a study by the Coalition Against Insurance Fraud, a …
The Hartford Financial Services Group, a major insurer of livestock, has created a new insurance program to target the fast-growing fish farming business. Whether a fish farm is an indoor or outdoor operation, The Hartford now can protect this livestock …
Ten major financial services firms — including CNA Insurance, CNA Surety, Kemper Insurance Companies, SAFECO, The St. Paul Companies and Zurich North America — have agreed to participate in Financial Keyosk, a web-based alternative distribution channel for financial services products. …
A.M. Best Co. lowered the financial strength rating of the Ohio Casualty Group, Fairfield, Ohio, from “A” (Excellent) to “A-” (Excellent). The rating applies to the five pool members led by Ohio Casualty Insurance Company and a separately rated affiliate. …
Representatives of the insurance industry and the state workers’ compensation division met July 23 to discuss implementation of a new law that would significantly reduce requirements for insurers to report their loss control services. Workers Compensation Director Larry Leip told …
