Standard & Poor’s Ratings Services revised its outlook on Fremont General Corp. to stable from negative and affirmed its ratings on the Santa Monica, Calif.-based company, including Fremont’s ‘CCC+’ long-term counterparty credit rating. At Dec. 31, 2002, Fremont had total …
Insurity Inc., a ChoicePoint® company, announced the latest enhancement to its policy processing platform. The new Commercial Intellisys® – Underwriting Forms program facilitates “virtual” electronic management of all company-specific and industry-standard forms used to support a wide variety of functions …
Kemper Auto and Home recently introduced its collectibles program, a new product enhancement initiative for the professional collector with a broader range of coverage options. The program provides additional premium credits for protected jewelry and a rate structure that better …
Commercial property insurance and risk management provider GE Commercial Insurance announced it will be the key presenter at an upcoming building safety and security symposium in Oklahoma City. The two-day symposium, April 24-25, is sponsored by the Protecting People First …
Beginning June 15, State Farm homeowner policyholders in Louisiana will face a 12.2 percent rate increase averaging about $100 more per year. According to the New Orleans Times Picayune, the Louisiana Insurance Rating Commission voted 3-2 to accept State Farm’s …
The Florida Department of Financial Services revoked the insurance licenses of a husband-and-wife insurance agent team, following charges that they sold worthless insurance. Investigators with the Bureau of Agent and Agency Investigation say Fred James Magiera and Claudine Diane Magiera, …
The Associate in Surplus Lines Insurance (ASLI) program, the only nationally recognized certification program for surplus lines specialists and others seeking expertise in this field, has new completion options that broaden the choices of people who earn the designation. These …
Two new sets of Treasury Department rules for implementation of the Terrorism Risk Insurance Act (TRIA) reportedly clarify important statutory requirements of the new law for insurers and address important state insurance residual market issues. The National Association of Independent …
Maine-based Align360, a business and IT consulting firm, announced the release of their FLAG360TM product for the INSideOUTSM system (formerly known as WPCSM). As part of the Homeland Security Initiatives, the U.S. Treasury Department’s Office of Foreign Assets Control, more …
The German government recently announced it would not give state aid to Deutsche Lufthansa AG in the event of a terrorist attack, according to Dow Jones Newswires. The Finance Ministry cited insurers’ present willingness to cover damages as the basis …
