The Alabama Department of Insurance announced its office in cyberspace has a new name on its front door, www.aldoi.gov, which the agency says reflects its mission as a servant of the people of the state of Alabama. “We didn’t do …
Oklahoma Insurance Commissioner Carroll Fisher issued an emergency order halting the operations of a Tulsa-area insurance agency pending an investigation into the activities of its directors. The agency, Integra Financial Group Inc., has several “sub-agents” across the country selling insurance …
A Montana bill that would have established reasonable and clear guidelines for the use of credit scoring in insurance underwriting and rating is dead, due in large part to disagreements between the insurance commissioner, insurers and legislators. Another bill that …
California Department of Insurance (CDI) Commissioner John Garamendi implemented the first step in his Homeowner’s Bill of Rights April 25 by releasing a regulatory advisory to insurers reminding them to review and follow law when using loss or claims history …
John Gross has been elected a Director of Las Vegas, Nev.-based National Builders Insurance Services, Inc. (NBIS), the manager and risk sharing partner with Builders and Contractors Insurance Company (RRG). Gross is charged with protecting the interests of the investors …
Standard & Poor’s Ratings Services announced that that it has assigned its ‘R’ financial strength rating to White Hall Mutual Insurance Co., a 160-year-old P/C insurer based in Doylestown PA, following the order from the Pennsylvania Insurance Department that the …
Pennsylvania-based Erie Indemnity Company’s announcement of its first quarter results for 2003 contained both good and bad news. While net income increased by 3.8 percent or $1.7 million to $45.9 million, up from $44.2 million at March 31, 2002, the …
New York’s Superintendent of Insurance Gregory V. Serio announced that a joint investigation with the Manhattan District Attorney’s Office and New York Police Department has resulted in the arrest of Jose Morel, 49, on charges of insurance fraud, possession of …
Zurich North America’s Emerging Markets Solutions unit (ZEMS) announced the signing of a political risk insurance cooperation agreement in the form of a “Memorandum of Understanding” with the African Trade Insurance Agency (ATI). ZEMS said it will partner with ATI …
According to the World Health Organization more than 4000 cases of Severe Acute Respiratory Syndrome (SARS) have so far been reported, and more than 250 people have died from the infection. If anything those statistics are conservative. The Chinese government …
