AscendantOne, Inc. has made available RiskFocus, a unified, comprehensive underwriting/rules engine for automated underwriting and real time risk decision support across all personal and commercial lines of property & casualty business. RiskFocus is a fundamental element of AscendantOne’s powerful browser-based …
Applied Systems has joined the InVEST scholarship program as a $10,000 partner. InVEST is the only education program strengthening the insurance industry by attracting a large pool of qualified insurance recruits. Started in 1995, the InVEST scholarship program awards two …
Holly C. Bakke, Commissioner of New Jersey’s Department of Banking and Insurance (DOBI), announced plans to take immediate action to protect consumers by implementing six reforms raised by the Auto Working Group, which convened this spring to address the problems …
The Surety Information Office (SIO) named the Surety Association of San Diego recipent of the 2001 Gold Award for Excellence in Surety Bond Promotion for its dedication to education and outreach. The award was presented on May 3 at the …
The Surety Information Office (SIO) inducted John D. Schramm, Michelle V. Orlando, Lawrence F. McMahon and Martin R. Brady, Jr. into the Tiger Trust, an honorary society of surety industry professionals who persuade private construction project owners or lenders to …
Insurance Services Office, Inc. (ISO) has introduced a new Businessowners Program (BOP)—a package policy providing broad property and liability coverage in a single contract for small and midsize businesses—by overhauling many existing coverage provisions and adding new features to enhance …
The response to the Hard Market Survey conducted by the Professional Insurance Agents Association of Connecticut, New Hampshire, New Jersey and New York (See IJ Website May 1) has received “the highest rate of response” of any survey they have …
Three automobile insurance bills that the National Association of Independent Insurers (NAII) says would drive up the cost of insurance, increase the number of underinsured motorists, and threaten a company’s proprietary rights passed the California Senate last week. “In the …
Michigan-based Covansys Corporation, a global consulting and technology services company, has acquired PDA Software Services, Inc. (PDA), a wholly owned subsidiary of Selective Insurance Group Inc. The acquisition expands Covansys’ portfolio of IT capabilities for state governments and strengthens the …
Standard & Poor’s midyear survey of the reinsurance industry highlights a number of problems, with the effects of low returns from competitive pricing, high loss ratios, low investment returns and new liabilities heading the list. S&P indicated that the industry …
