Align360 has finished installation of INSpire’s WPC® system for the Island Insurance Companies, Hawaii’s only locally owned and managed insurance company. WPC is an integrated suite of policy administration, claims processing, and back-office applications. Align360 upgraded four present lines of …
Two individuals were arraigned on felony grand theft charges stemming from an embezzlement scheme uncovered by the California Department of Insurance (CDI) Criminal Investigations Branch, Fraud Division. If convicted, each could face up to five years in state prison and/or …
Jim Yates, president of Yates & Associates, announced that Yates has opened another branch office in Glendale that will focus on larger commercial brokerage accounts. The new staff includes Ravi Chopra, regional vice president; Barbara McClelland, vice president, Casualty; Marilyn …
Aon Corp. recently issued the following statement to its clients and stockholders from Chairman and CEO Patrick G. Ryan: “The shocking events of last Tuesday have had a dramatic impact on the world. Our primary focus since the terrorist attacks …
As the heroic rescue and recovery efforts in the wake of the Sept. 11 terrorist attacks continue, workers’ compensation insurers will have an important role in repairing the economic damage resulting from the tragedy, according to the National Association of …
Fitch announced that, while it is too soon to draw solid conclusions, it believes that a vast majority of the insurers and reinsurers it rates will be able to absorb any losses without material damage to their financial positions. This …
Standard & Poor’s said it is likely to put on CreditWatch with negative implications the ratings of many insurers and reinsurers with exposures to the tragic loss at the World Trade Center on Sept. 11. Net aggregate insured losses of …
The Chicago-based Urban Insurance Partners Institute (UIPI) is organizing a national workshop to help insurers gain the tools necessary to compete effectively in urban areas. Local Initiatives Support Corporation (LISC), a nonprofit organization dedicated to rebuilding communities, is a major …
The Midland Company, a highly focused provider of specialty insurance products and services, announced that American Modern Insurance Group, its insurance subsidiary, will cease offering the commercial liability coverages associated with its manufactured housing park and dealership programs. The commercial …
Holland’s ING Group confirmed its preliminary estimations, following the disasters at the World Trade Center and the Pentagon, that its primary loss exposures would come from life insurance and reinsurance. CEO Ewald Kist stated that based on current information the …
