Deloitte & Touche, the International accounting firm, has released its findings concerning compliance with the “USA PATRIOT Act and other anti-money laundering requirements,” which concludes that financial services institutions, including the insurance industry, “face significant challenges with most projecting an …
The U.K.’s Treasury Department will begin an investigation of the Financial Services and Markets Act, which created the Financial Services Authority as the sole regulatory and enforcement agency for financial services, including the insurance industry. The FSA already regulates the …
Standard & Poor’s Ratings Services announced that it has affirmed its ‘BB’ long-term foreign and ‘BB+’ long-term local currency sovereign credit ratings on the Russian Federation, as well as its ‘B’ short-term foreign and local sovereign credit ratings on Russia. …
Torrance, Calif.-based ePolicy Solutions Inc., a leader in providing Web-based policy administration solutions to reduce expenses and to improve customer service, announced that Deborah Osborn has joined the company as director of sales reporting to Nicholas A. Richardson, senior vice …
CompManagement Inc. (CMI) announced the acquisition of Octagon Risk Services Inc. (Octagon) on Oct. 3, 2003. CMI now enters the western United States by acquiring the strongest regional claims management firm in California, along with their existing 22 field offices …
Calif.-based Mercury General Corporation reported that net income was $49.6 million, or $0.91 per share (diluted), in the third quarter 2003 compared with $18.5 million, or $0.34 per share (diluted), in the same period for 2002. For the first nine …
Flagstaff, Ariz.-based International Insurance Group Inc., a managing general agent for Mexico Crossborder Transportation Insurance, announced the launch of two new online products available via its Web sites at www.segurospaisano.com in Spanish and www.mexpro.com in English. SegurosPaisano.com is a dynamic …
Brookfield, Wis.-based insurance software-maker Fiserv Inc. has acquired MI-Assistant Software Inc. — a rating and automation product provider to insurance agents and companies in the Midwest — as part of its plan to increase its presence in the insurance rating …
A 54-year-old Bartow, Florida man has been arrested in connection with a house fire. Investigators with the state’s Bureau of Fire and Arson Investigations arrested Larry Earl Davis, of 260 Van Fleet Rd., Apt. 5, Bartow this week on one …
American Re Corporation announced this week the sale of its subsidiary, ARB International Ltd (ARBI). The purchasers are members of ARBI management. The terms of the sale were not disclosed. “It gives us great pleasure to announce the management buyout …
