Builders Insurance Group announced it is distributing its seventh consecutive, annual dividend to insureds. This year’s dividend totals $2.2 million and will be distributed among thousands of qualified policyholders enrolled in Builders Insurance (A Mutual Captive Company) workers’ compensation program. …
Alpharetta, Ga.-based independent agency management system provider, DORIS Insurance Systems LLC, announced it is adopting the interface technology and services of Applied Systems for managing agency-company interface services. “Applied Systems has always been a leader in agency-company interface and we …
Further burdening insurers with onerous state-specific privacy requirements will only hurt the California insurance market with no corresponding benefit to consumers, a representative of the Alliance of American Insurers (AAI) told a state legislative panel Wednesday. “There is no reason …
Chicago-based CNA Financial Corporation announced the sale of the renewal rights of its book of hull and liability insurance business for ocean-going vessels in both London and the United States to the Arch Insurance Group, a division of Arch Capital …
Arch Insurance Group, a division of Arch Capital Group Ltd., announced the formation of a new $40 million facility for ‘A’ Side Directors and Officers liability insurance. The coverage will be offered in addition to Arch’s existing $25 million capacity …
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of Lawyers’ Professional Indemnity Company (LAWPRO®) (Ontario, Canada). The rating reflects LAWPRO®’s profitable operating performance, strong capital position, effective management team, continued favorable loss reserve development, surplus support …
Insurance software developer AMS Services, Inc. and DocSTAR, a division of AuthentiDate Holding Corp., have announced integrated document management for insurance agents and brokers that use the AMS Sagitta system. AMS Services has made electronic filing of documents through DocSTAR …
Despite the massive tidal wave of new capital which has flooded into the reinsurance markets, it’s too little too late, says a reinsurance market review prepared by Benfield Group, the world’s leading independent reinsurance intermediary. “The key issues for the …
An Austin judge has ordered a London- and Canada-based organization to stop marketing boat and other watercraft insurance in Texas without a license and to pay a $1 million fine imposed last year by Commissioner Jose Montemayor. Judge Patrick Keel …
The Professional Insurance Agents of New York State Inc. has obtained approval to expand its NumberONE Comp program, a monoline workers’ compensation market available to members, for their clients in the New York metropolitan area. PIA has offered its members …