A trio of insurance companies were fined by the Colorado Division of Insurance for allegedly violating state laws and regulations. According to a report in The Gazette, Farmers Insurance Exchange and American Standard Insurance Co. of Wisconsin were each hit …
A bill approved by the California State Assembly does not go far enough to balance benefit increases with cost-saving reforms to California’s workers’ compensation system, according to the American Insurance Association (AIA). “It is unfortunate that after three years debating …
HCC Insurance Holdings Inc. announced that effective Oct. 1, 2001, it will begin offering surety coverages through its wholly owned subsidiary, U.S. Specialty Insurance Company (USSIC). In this regard, HCC has appointed Dan W. Burton as senior vice president of …
With a $120 billion annual price tag, insurance fraud is one of the costliest crimes in America. Progressive Insurance recently conducted a telephone survey on more than 31,000 Americans to better understand how people feel about fraud and other indiscretions. …
Kingsway Financial Services Inc. entered into an agreement with The Vision Insurance Group to underwrite nonstandard automobile insurance in the U.S., beginning in Virginia, Indiana, Arkansas, Ohio and Kentucky, through its wholly owned subsidiary, Lincoln General Insurance Company. Vision is …
Wisconsin-based Fiserv Inc. completed its previously announced agreement to acquire the item processing business of the Federal Home Loan Bank of Pittsburgh, according to Leslie M. Muma, president and CEO of Fiserv. Through this agreement, Fiserv has added two FHLBank …
Two Midwest insurance agencies, one in Ohio and the other in Nebraska, joined the Strategic Independent Agents Alliance. Hertvik Insurance Agency Inc., of Middleburg Heights, Ohio, has established Mid American Insurance Network Inc.; and All American Insurance Inc. of Lincoln, …
Lloyd’s recent announcement of projected 1999 losses in the $2 billion range (see IJ Website, Aug. 30) is beginning to have a more immediate impact on some of its insurance syndicates. Yesterday Cotesworth & Co., which has been writing insurance …
If all goes according to plan in Geneva China’s bid to join the World Trade Organization will be officially accepted next Thursday, September 13th, after 14 years of negotiations. Taiwan is scheduled for admission the following day. The next step …
The exceptional investment gains it achieved last year, over $2 billion, had a negative impact on Swiss Re’s 1st half results this year, as it reported an overall decrease of $975 million. Pre-tax operating income, however, rose a total of …
