AB 1193, a California bill which would prohibit insurance companies from canceling or failing to renew policies of religious organizations, educational institutions or nonprofit agencies simply due to losses from hate crimes, gained approval from legislators on Monday. The bill …
California Insurance Commissioner Harry Low’s call for legislative changes to California’s competitive rate law is unwarranted, according to the American Insurance Association (AIA). AIA’s analysis shows that the Commissioner and the California Department of Insurance (CDI) have ample regulatory authority …
Esurance Inc., a nationwide direct-to-consumer personal auto insurance provider and subsidiary of Folksamerica Holding Company Inc., along with San Francisco-based Patelco Credit Union, announced the launch of the first integrated online auto loan and auto insurance application platform. The new …
CNA Insurance has added James Lewis as executive vice president of Standard Lines within the company’s property and casualty operation. Lewis will oversee all standard lines and will be responsible for U.S. operations, reporting directly to President and CEO Stephen …
InsureZone, the “clicks and mortar” insurance agency that offers access to insurance products through multiple channels, announced that AgentSecure, its web-based market-access program for small and rural commercial agents — has picked up new exclusive co-marketing endorsements from Independent Insurance …
Overseas Partners US Re (OPUS Re) recently opened a new Chicago area office and appointed Douglas R. Behnke executive vice president and head of the Chicago branch. Philadelphia-based OPUS Re said Behnke comes to the company with more than 20 …
Risk Management Solutions announced that its Climetrix (TM) weather derivatives trading and risk management system now includes relevant temperature data from Germany and Japan, two expanding markets for weather derivative traders and end users of its forecasts. RMS, in parntership …
In two moves aimed at strengthening its international presence, Atlanta-based Crawford & Co. announced that it would join the TropicalStormRisk (TM) Consortium, and has agreed to acquire Australia’s Central Victoria Loss Adjusters (CVLA) for an undisclosed price. Crawford is one …
After months of delays, an investment consortium led by American International Group and merchant bank WL Ross & Co. announced agreement with Hyundai and the Korean government to take over three of the Group’s financial units in a deal estimated …
The Independent Insurance Agents Association of New York voiced its opposition to any changes in the system of state regulation of insurers in an open letter, which takes issue with proposals supported by the American Insurance Association, the American Bankers …
