Chuck Barnes has joined Magellan Insurance Services of San Diego as Magellan’s marketing manager. Barnes will build agency relations, producer appointments and product development. He has worked in the insurance industry for more than 25 years, having spent time at …
Canada’s home, car and business insurers announced the launch of a national insurance crime TIPS line to make it easier for Canadians to report auto theft, insurance fraud, staged auto collisions and other crimes related to insurance. These are reportedly …
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of ASSA Compania de Seguros, S.A. (ASSA) (Panama City, Panama). The rating outlook is stable. The rating reflects ASSA’s solid capitalization, historically favorable operating profitability and well established …
Hurricane Katrina is expected to result in $40 to $55 billion in private insurance payments, according to a new white paper developed by the Tillinghast and Reinsurance businesses of Towers Perrin. Hurricane Katrina: Analysis of the Impact on the Insurance …
Dallas-based Republic Companies Group Inc. released information regarding its response to the recent hurricanes and the financial effects on the company’s third quarter results. Its personnel and representatives were already mobilized assisting policyholders impacted by Hurricane Katrina when Hurricane Rita …
The Michigan House of Representatives yesterday passed H.B. 4577, the Medicaid Whistleblower Protection Statute, by a 106-2 vote. Rep. David Law (R-Commerce Township) unveiled the legislation in March 2005. The statute would amend the Medicaid False Claims Act to provide …
Arthur J. Gallagher & Co. has entered into a $450 million unsecured credit facility, expiring on Oct. 4, 2010, with a group of nine financial institutions led by Harris N.A., Citibank, N.A., and Barclays Bank PLC. Gallagher may also request …
Illinois Gov. Rod Blagojevich is expected to unveil a proposal Thursday to subsidize health insurance for 253,000 uninsured children in Illinois. Seventy-percent of the state’s uninsured children belong to families that earn $40,000 to $80,000 a year — too much …
New Orleans-based utility operator Entergy Corp. said its damages from Hurricane Rita will range from $400 million to $550 million, a bill that comes on top of damages that could hit $1.1 billion from Hurricane Katrina a month earlier, according …
Arkansas’ employment numbers look good now, but a recent report from the Federal Deposit Insurance Corp. cautioned that a refugee influx after Hurricane Katrina could strain state services. The Arkansas’ state profile for Fall 2005 said growth in service industries …
