A North Hollywood, Calif., insurance broker received a sentence of 180 days in county jail and five years probation after being sentenced in Van Nuys District Superior Court. Shahin Sean Pelaseyed was sentenced to six months after pleading no contest …
IBM announced that Fireman’s Fund Insurance Company was recognized at the Application Development Trends 2001 Innovator Awards for its AgriWare Application, running on IBM’s WebSphere e-infrastructure software. AgriWare is a web-based administration and policy processing system that simplifies tasks and …
A.M. Best Co. affirmed the “A” (Excellent) rating of Lloyd’s and its financial size category of XV. The rating continues to carry a negative outlook. According to A.M. Best, the affirmation of the rating reflects the excellent financial strength, strong …
The Board of Directors of the Insurance Legislators Foundation (ILF), a research and educational arm of the National Conference of Insurance Legislators (NCOIL), will hold a hearing to address flood-related insurance questions in Chicago on July 13, 2001. Testimony offered …
CGNU, the U.K.’s biggest insurance group, announced that it would no longer issue financial reports on a quarterly basis, and would revert to the more traditional preparation of reports twice a year. The company told London’s Financial Times that it …
International rating agency Standard & Poor’s announced that it had lowered its counterparty credit and insurer financial strength rating on Sunderland Marine Mutual Insurance Co. Ltd (SMMI) to triple-‘B’ from triple-‘B’ plus. It also affirmed the ‘A’ rating of mutual …
The American Insurance Association believes that the number of international agreements that are up for consideration, and their potentially far reaching consequences for the industry, could make July 2001 an historic month, which would mark a turning point for U.S. …
The Partners for Child Passenger Safety Study (PCPS) released data from its surveys of 6 to 8 year olds in New York and Pennsylvania, showing that “less than 1 percent” are properly restrained as passengers in automobiles. The study, which …
Cigital Inc., a software risk management (SRM) solution provider that helps companies protect themselves from the business risks of software failure, and Cupertino, Calif.-based Counterpane Internet Security Inc., developer and leading provider of managed security monitoring (MSM), announced their alliance …
According to the National Association of Independent Insurers (NAII), as the Washington state legislature gears up for a third special session to settle transportation issues, insurance industry representatives are applauding a recently enacted transportation budget bill that includes funding for …
