Standard & Poor’s placed its ratings on Nationwide Financial Services Inc. (NFS) and related entities on CreditWatch with negative implications. At the same time, S&P placed its ratings on Provident Mutual Life & Annuity Co. of America (PMLAA) and Provident …
A Milwaukee judge’s ruling decreed that five insurers of the Miller Park construction project are liable to pay $99.25 million in damages from a crane accident that killed three ironworkers, according to an Associated Press report. The insurers: Federal Insurance …
Eagle International Associates, an international network of insurance defense attorneys and claims adjusters throughout North America and Europe, has announced that it will be offering two unique conferences on the subject of international claims handling, one in Paris on Oct. …
Fiserv Inc. has acquired Catapult Technology Limited, a London-based provider of private banking, treasury management and international banking technology solutions and services. Terms of the agreement were not disclosed. Catapult Technology, in addition to consulting services, provides a suite of …
The New York State Assembly’s decision to allow crucial sections of the state insurance law to expire is bad news for consumers, according to the American Insurance Association (AIA). These actions cancel the few free-market elements in New York’s command …
As a result of an investigation by the California Department of Insurance (CDI) Fraud Division, an Orange County resident plead guilty in Orange County Superior Court to one felony count of insurance fraud. Raymond Ellis Wilson, 36, was sentenced to …
California Insurance Commissioner Harry W. Low has called on insurance companies doing business in California to invest in low-income communities. Low also asked insurance companies to establish an annual community investment goal. In a letter to the chief executive officers …
The Catastrophe Risk Exchange Inc. (CATEX), the technology company that drives the CATEX Global Exchange, formed a strategic partnership with Captive.com, the leading online information resource for captive insurance company managers and brokers. CATEX is the world’s largest interconnected electronic …
Aon Corporation recently conducted a survey revealing that more than 85 percent of Fortune 1000 risk managers indicated that their firm was well-protected from property, general liability and directors’ and officers’ risks. But only 21 percent felt well protected from …
The National Auto Agents Alliance (NAAA), who had announced plans to file suit against several insurance companies that had been cutting commissions, will comply with the wishes of several State Insurance Departments who have requested that the NAAA attempt to …
