Casey B. Hamlin, President of Woodland Hills, Calif.-based Heath Insurance Brokers Inc. announced the opening of a satellite office in Redondo Beach, Calif. The new office is located at 149 Palos Verdes Blvd., Ste. F, Redondo Beach, CA 90277 and …
The Association of California Insurance Companies (ACIC) expressed disappointment in the June 28 decision by the California Supreme Court not to review a key case related to insurance rate regulation in the state. The Court decided not to accept the …
Florida’s Chief Financial Officer Tom Gallagher commended state policymakers this week for passing important legislation during the 2004 Session aimed at helping insurance consumers. After hearing from thousands of consumers reportedly frustrated over cancellations, denials of coverage and the lack …
The U.S. property/casualty industry’s net income after taxes rose to $13.3 billion in first-quarter 2004 from $6.5 billion in first-quarter 2003 as insurers posted an underwriting profit for only the second time since the start of quarterly data going back …
More than 245,000 injuries and illnesses were reported by Florida employers in 2002, according to a joint federal and state survey released this month. In Florida, more than 10,000 employers participated in the joint survey. Industries involving wholesale, retail trade …
A.M. Best Co. announced that it has assigned a financial strength rating of “A+” (Superior) to the Warren N.J.-Based Mitsui Sumitomo Insurance Group (MSIG) with a stable outlook. Best noted that MSIG was formed on January 1, 2003, as a …
Standard & Poor’s Ratings Services announced that it has revised the ratings outlook on Australia’s AMP Life Ltd., AMP Group Holdings Ltd., and AMP Bank Ltd. to positive from stable, and affirmed the insurer financial strength and counterparty credit ratings …
The U.K.’s Chartered Insurance Institute (CII) and Cass Business School have created an “Insurance University,” aimed at improving the “performance of the management talent in insurance and provide a demonstrable industry career path for graduates.” The two organizations signed a …
Aspen Insurance UK Limited has announced that it intends to expand its London market insurance portfolio. Aspen’s bulletin said it has created “a new underwriting team headed by liability specialist John Henderson, and including marine hull underwriter Kevin Golson,” to …
Michigan Gov. Jennifer Granholm’s proposal to ban the use of credit-based insurance scores for automobile and homeowners insurance is out of step with the 20 states that have adopted a variation of the model law developed by the National Conference …
