Standard & Poor’s Ratings Services, commenting on Hartford Fire Insurance Co.’s (Hartford Fire) second-quarter earnings, said that the outlook for the company and related property/casualty entities remains negative despite the prospects for improved earnings throughout the remainder of 2002. The …
Insurity, a ChoicePoint® company, has signed a licensing agreement with W.J. Cox Associates Inc. for its Commercial Intellisys policy processing system. Provided through Insurity’s outsourcing services division, W.J. Cox will access Commercial Intellisys via the Internet to rate and process …
Today’s auto insurance oversight system suffers from a lack of efficiency, cost effectiveness, and timely decision-making, but greater regulatory reliance on market competition would help streamline and depoliticize the process, the Independent Insurance Agents & Brokers of America (IIABA) testified …
Officials at Charlotte-based American Wholesale Insurance Group, Inc. (American Wholesale) named J. Scott Reynolds to the position of Chief Actuary and Administrative Officer. American Wholesale is an insurance organization serving retail agents and brokers via its wholesale brokerage, underwriting, and …
Bridgefield Casualty Insurance Company, a subsidiary of Summit Holding Southeast, Inc., is now offering a Commercial Package Policy (CPP) to employers in Mississippi and Alabama. The Commercial Package Policy (CPP) offers enhanced property and liability coverage designed to meet the …
A Travis County (Texas) District Court found that a Houston company changed its name several times while allegedly trying to avoid prosecution for premium fraud, according to Texas Mutual Insurance Company. A.C. Lath & Plastering Inc. owned and operated by …
North Dakota-based BNCCORP Inc. reported net income of $102,000, or $0.03 per common share on a diluted basis, for the second quarter ended June 30, 2002 compared with net income of $691,000, or $0.28 per share for the same quarter …
Ohio automobile insurance consumers continue to fair well when compared to consumers in other states according to Ohio Insurance Director Lee Covington. According to an annual survey and analysis of national automobile insurance costs released by the National Association of …
XL Environmental has customized an environmental insurance program to help transform a former Pennsylvania military base into a township recreational park. The program specifically addresses risk management needs and offers the township protection against third-party suits, additional cleanup expenses related …
New York Superintendent of Insurance Gregory Serio, along with Nassau County District Attorney Denis Dillon announced the filing of charges against nine individuals accused of insurance fraud. Those charged are as follows: Michael Denicola, 61 of Carle Place, for falsely …
