The California Association of Realtors (C.A.R.), Los Angeles, has launched its Strategic Defense Program, which will create a panel of real estate defense attorneys charged with improving the litigation climate and addressing the affordability and availability of errors and omissions …
The American Insurance Association (AIA) on Friday commended U.S. trade negotiators for their efforts to revive World Trade Organization (WTO) talks and provide hope for the opening of global insurance markets. “We strongly urge other nations to follow the lead …
Three new economists have joined the Insurance Information Institute, as part of the group’s effort to enhance its research and analytic capabilities. Dr. Marcellus W. Andrews, economist, will concentrate on property/casualty insurance, with a focus on auto and homeowners insurance …
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of AMI Insurance Limited (AMI) (Christchurch, New Zealand). The rating outlook remains positive. The rating reflects AMI’s stable underwriting performance, continued growth of capitalization, strong distribution capacity and …
Japanese Prime Minister Junichiro Koizumi made good on his promise to privatize the country’s giant postal system when the upper house of parliament, which had refused the measure in August, passed the postal reform bill by 134 votes to 100. …
Morgan Hill, Calif.-based DMI Insurance Services Inc. announced that it has expanded the number of markets it offers for non-franchised auto dealers and automotive specialty shops. The new markets are available immediately through admitted and nonadmitted carriers in select states. …
Lexington Insurance Company, a member company of American International Group Inc., has introduced Lex TransportPlus, a new product suite encompassing two policies – Motor Truck Cargo and Vehicle Physical Damage insurance – combined with additional property coverages needed by motor …
The Insurance Council of Texas announced it has awarded $15,000 in academic scholarships to students majoring in insurance and risk management at Baylor University, the University of Texas at Austin and the University of North Texas. “These ICT scholarship recipients …
The Louisiana Department of Labor reported it has paid out more than $3 million in Unemployment Insurance and Disaster Unemployment Assistance benefits to victims of Hurricane Rita, while Katrina claims have topped $181 million. Of those who have filed claims …
Hibernia Corp., a Louisiana-based banking company trying to complete its $5 billion acquisition by Capital One Financial Corp., warned it faces substantial costs and financial uncertainties stemming from Hurricane Katrina. In a filing with the Securities and Exchange Commission, in …
