The Pennsylvania Insurance Department (PID) is seeking bidders to provide claims administration services to the Pennsylvania Medical Liability Catastrophic Loss Fund (CAT Fund) and the Medical Care Availability and Reduction of Error Fund (MCARE Fund). The bids are part of …
Westport Insurance Corporation, an Overland, Kan.-based unit of GE, has chosen Marsh Affinity Group Services as the program administrator in Texas for its lawyer’s professional liability insurance program. Westport Insurance Corporation, a specialty primary insurer with special expertise in professional …
Standard & Poor’s announced that it has lowered its public information (‘pi’) rating on AXA General Insurance Hong Kong Ltd., a subsidiary of France’s AXA Group, to double-‘Bpi’ from triple-‘Bpi’. S&P analyst Connie Wong explained that, “The rating on AXA …
Independent agents and customer service representatives are in a position to dedicate many more hours a week marketing new business, servicing accounts and building relationships. But they’re hampered by multiple entries of data, navigating websites, and training staff on technology, …
Seattle-based SAFECO has introduced its comprehensive plan for changing the way its business insurance is purchased, sold and serviced. The efficient service and pricing system—known as ESP—will deliver greater profits to independent agents, while freeing them to drive more sales …
The Midland Company of Cincinnati, Ohio, a provider of specialty insurance products and services, has agreed to an insurance coverage tracking partnership with Fifth Third Bank. Ameritrac Business Solutions, a division of Midland subsidiary American Modern Insurance Group Inc., will …
The European Commission (EC) in Brussels has announced proposals to harmonize the European Union’s automobile insurance regulations. The EC wants all policies to cover third party liability up to € 1 million ($945,000) for accident victims and up to € …
Bermuda’s ACE Group is usually thought of as the personification of an international company, but it isn’t neglecting its local market either. ACE recently announced the establishment of a new local insurance company in partnership with the Bermuda’s Freisenbruch-Meyer Group. …
Mold may be getting all the attention at the moment as a major threat to insurers, at least in Texas and California, but another problem has wreaked havoc for homeowners, carriers, and contractors nationwide for several years, now: damages stemming …
The Information Technology Association of America (ITAA) and The St. Paul Company have unveiled InsureIT®, an expanded affiliate insurance program especially designed for information technology companies. The program provides tailored technology business insurance and will also deliver educational opportunities in …
