San Diego-based Frontier Pacific Insurance Company was conserved Friday in a move by California Insurance Commissioner Harry W. Low. The ruling came as a result of the company being found insolvent. Domiciled in California, the company is a wholly owned …
Online insurance marketplaces are now actively pursuing small business customers. According to IDC, the historically underserved small business customer is turning to the Internet to locate coverage, and insurance marketplaces are making the process easy by allowing insurance shoppers to …
The National Auto Agents Alliance recently issued a statement that credit scoring is “unreliable, inaccurate, and so against public interest as to endanger the insurance industry to the wrath of the public.” In a letter to Georgia Commissioner of Insurance …
By Catherine Tapia This is the second installation of a two-part series dealing with the rising issue of toxic mold claims, which continues its exploration of specific mold-related lawsuits in California: determining causation, calling in the experts and getting educated. …
Ohio Casualty Corp. has named Donald McKee its new CFO, effective Sept. 19. The Fairfield, Ohio-based company said McKee will fill a slot left empty since April 1, 2000, when CFO Barry Porter retired. Elizabeth Riczko, the company’s COO, had …
Ohio Department of Insurance Director Lee Covington issued a Cease & Desist Order against the Baron Insurance Agency as well as a Notice of Opportunity for Hearing to owners Matthew J. Bower and Abigail Bower, both of Toledo. He informed …
The long delayed deal between Korea’s Hyundai Securities and an investment consortium headed by American International Group and W.L. Ross & Co. (See IJ Website Aug. 24 and Sept. 4) now looks set to proceed as officials of Korea’s second …
Standard & Poor’s has affirmed its double-‘A’ counterparty credit and insurer financial strength ratings on the core operating companies of the CGNU Group, and removed Norwich Union Holdings from CreditWatch. The ratings, based on S&P’s analysis of changes that had …
XL Capital Ltd. is in talks with its French partner, Les Mutuelles du Mans Assurances Group (MMA), to acquire a majority 67 percent controlling interest in their joint reinsurance venture Le Mans Re. Henry C.V. Keeling, head of XL’s reinsurance …
American International Group’s New Jersey subsidiary, American International Insurance Co., has appealed to the Superior Court of NJ, Appellate Division, seeking to reverse Banking and Insurance Commissioner Karen Suter’s decision of August 30th denying its request for a 17.6 percent …
