Outside of credit-based insurance scoring, which was the subject of extensive negotiations, the state legislative session that concluded last week passed few matters of concern to the insurance industry, according to the National Association of Independent Insurers (NAII). “While we …
The European Commission, the European Union’s highest regulatory authority, has approved inreon the joint venture established by Swiss Re and Munich Re in December 2000, to provide online reinsurance exchange services. The platform, which enables insurers and insurance brokers to …
As rescuers attempt to locate the flight recorders, and continue the grim task of trying to recover the remains of the 225 people aboard a China Airlines 747 that apparently disintegrated on a flight from Taipei to Hong Kong, the …
Lloyd’s has decided not to proceed with part of its overall reform plans which called for a buy out of the remaining 2500 or so individual Names who pledge their capital to support its syndicates. The idea was strongly opposed …
Connecticut-based W. R. Berkley Corporation announced that it has filed a new “universal shelf registration statement” with the Securities and Exchange Commission, replacing a previous filing. The new registration statement covers the prospective sale of up to $700 million in …
California state senators advanced legislation May 23 that would forbid insurance companies from restricting mold coverage in property and liability policies. In a 21-11 vote, the California Senate passed Senate Bill 1763, which would prevent insurers from excluding mold losses …
California-based Arrowhead Financial Group has acquired Sawyer, Cook & Co., one of the largest insurance agencies in the Inland Empire with a history stretching back nearly 80 years. The acquisition of the Redlands-based firm boosts Arrowhead Financial Group’s insurance revenues …
California’s Department of Motor Vehicles (DMV) was hit with a lawsuit May 22 by a number of insurance associations wishing to halt a fee hike that would reportedly double the price for motor vehicle reports. Filed in Sacramento Superior Court …
CT Insurance Services has made available the PINnacle Xchange Producer Licensing Database (XDB), a customizable and scaleable database that tracks and organizes producer demographic and licensure information, such as active licenses and appointments, for both individuals and agencies. Highly customizable, …
Fujitsu Consulting, a global provider of management and technology consulting, has launched its new insurance services and solutions suite. Working with Intel, they have developed a business collaboration and process automation solution that will cut back on repetitive manual entry …
