Incentives such as “free” steaks, that drive up insurance costs for auto glass repairs may soon be history in Minnesota if the legislature can reconcile the differences in the House and Senate versions of House File 2570. According to the …
Bermuda’s XL Capital Ltd announced it made an investment of $72.75 million last week in Primus Guaranty, Ltd., a newly formed company specializing in providing credit risk protection for individual corporations, sovereigns and financial institutions. XL is the lead investor …
Standard & Poor’s affirmed all its ratings on Germany’s Allianz group, including its double-‘A’-plus long-term counterparty credit and insurer financial strength ratings, and its ‘A-1’-plus short-term ratings, but has revised its outlook to negative from stable. “This is due mainly …
Joseph A. Bishop III, CPIA, of Branford was elected VP of Professional Insurance Agents of Connecticut Inc.(PIACT) during the association’s annual convention at Foxwoods Resort Casino in Mashantucket. The delegates also named SAFECO Insurance Co. Sales Representative Glen Tiziani as …
MIIX Group, Inc., New Jersey’s troubled medical professional liability insurance provider, announced that it has engaged Fox-Pitt, Kelton Inc. as its financial advisor “to explore strategic alternatives for the company.” After reporting a $162.8 million loss in the 4th quarter …
As expected, Pennsylvania Governor Mark Schweiker signed medical malpractice reform legislation that proponents estimate will save doctors as much as 20 percent on insurance premiums while providing additional patient safety measures. The Senate approved House Bill 1802 unanimously by following …
In just eight weeks, Fair, Isaac and Company Inc., a provider of analytics and decision technology, will open the doors to its 20th InterACT conference in San Francisco. Highlighting InterACT 2002 will be a keynote address by Thomas Stewart, widely …
Insurers faced some stiff opposition in the recently concluded Washington legislative session according to the National Association of Independent Insurers (NAII). Insurers succeeded in improving the initial version of credit-based insurance score legislation but the final product still is likely …
InsuranceNoodle is now licensed in Alabama and Massachusetts, bringing to 48 the total number of states—including the 25 largest for small business—in which the e-broker is selling small business insurance. InsuranceNoodle now reaches 99 percent of all small businesses in …
Standard & Poor’s has assigned its triple-‘B’-minus preliminary rating to White Mountains Insurance Group Ltd.’s $1 billion shelf registration statement for indebtedness issued by Fund American Companies Inc. Standard & Poor’s also said it assigned its triple-‘B’-minus long-term counterparty credit …
