A merger between the Alliance of American Insurers and the National Association of Independent Insurers (NAII) would instantly vault the new organization into a commanding position in the industry, NAII President and CEO Jack Ramirez told members at their Annual …
Maine Governor John Baldacci recently announced that the National Council on Compensation Insurance (NCCI) has filed a request to decrease workers’ compensation loss costs for policy year 2004 by an average of 3.3 percent. The requested decrease is reportedly good …
A Texas appellate court confirmed the right of insurers to defend their customers with staff attorneys, according to the American Insurance Association (AIA). The insurance trade group said in American Home & Travelers vs. Dallas County UPLC, the 11th Court …
Chicago-based Danielson Holding Corp. (DHC), whose subsidiaries offer barging and marine construction services as well as specialty insurance products, reported a third-quarter loss of $3.4 million, or 11 cents per diluted share. That compares with a loss of $18.3 million, …
A.M. Best Co. has affirmed the South Korean insurer Samsung Fire & Marine Insurance Co. Ltd. (SFMI)’s financial strength rating of “A+” (superior). The rating outlook is stable. The rating reflects the company’s superior risk-adjusted capitalization, dominant market position and …
A.M. Best Co. has upgraded the financial strength rating of South Korean insurer Hyundai Marine & Fire Insurance Co. Ltd. (HMFI) to “A” (excellent) from “B++” (very good). The outlook is stable. The rating reflects HMFI’s solid market position and …
Investigators with the California Department of Insurance (CDI) are seeking more victims of an elaborate insurance scam that was allegedly orchestrated by a West Sacramento agent/broker. Terry Lowell Ballard, 58, was arraigned Oct. 31 in San Joaquin County Court and …
BISYS, a provider of business process outsourcing solutions for the financial services sector, announced its acquisition of Florida-based USA Insurance Group, a managing general agency (MGA) serving the commercial property and casualty (P/C) marketplace. The acquisition complements BISYS’ March 2003 …
A late afternoon fire at Catfish Cabin this past Sunday in Millbrook, Ala., has reportedly been traced back to electrical wiring in the southwest corner of the attic. Investigators with the Millbrook Fire Department and the Alabama State Fire Marshals …
From the Microsoft campus in Redmond, Wash., and in conjunction with the annual TechDEC Exposition & Conference, Commercial P/C software provider INSTEC introduced the latest additions to their QuickSolver® software solution. Available for immediate delivery, the new QuickSolver Web Client …
