A major claim from the terrorist attack on the World Trade Center on Sept. 11, 2001 was settled recently by William Kramer & Associates, an Avon, Conn. property and casualty claim adjuster, who helped finalize a $700,000,000 claim for Lehman …
The National Association of Independent Insurers (NAII) has praised the U.S. Senate for passage of an omnibus spending package that provides additional funding for the Federal Emergency Management Agency’s (FEMA) Office of Cerro Grande Fire Claims. “NAII is pleased the …
Assurex Global has expanded its worldwide presence with the addition of international broker Partners in Guayaquil, Ecuador; Auckland, New Zealand; Vancouver, British Columbia, Canada; and Nashville, Tennessee. The newest Assurex Global Partners are: *Ecuaprimas Cia. Ltda. of Guayaquil, Ecuador: Founded …
Germany’s Allianz has reissued a bulletin confirming the increased capacity of its Global Risks unit available to cover faulty design, faulty material and faulty workmanship – inherent defects – for up to 12 years. “Allianz Global Risks offers some 40 …
Over 800 Florida doctors and a dozen in Mississippi protested rising costs of malpractice insurance by staying off the job. According to Associated Press reports, doctors in the Palm Beach County area protested by attending a two-day conference on the …
Automotive salvage and claims processing services provider, Insurance Auto Auctions Inc., opened a greenfield facility in Dothan, Ala. This new 13-acre facility will serve Southern Alabama, Southern Georgia, and the Florida Panhandle. The site includes an indoor warehouse that will …
Palmer & Cay Consulting Group, the benefits and compensation consulting division of Palmer & Cay Inc., announced an expansion of its operations to include an office in Houston, Texas. This latest expansion move by Savannah, Ga.-based Palmer & Cay brings …
Chicago-based CCC Information Services Inc. has introduced version 2.1 of CCC Autoverse(TM) Claim Management, a Web-based claims application enabling insurers, independent appraisers and collision repair facilities to exchange auto-physical damage claims information using established computer estimating systems that support the …
Milliman USA and Focus Solutions Inc. have integrated their products to provide insurance companies with a straight-through solution for long-term care issue, underwriting, claims and policy administration. STEP-LTC (Straight Through Enterprise Processing) will enable companies to launch new products and …
Standard & Poor’s has placed its ‘A-/A-2’ counterparty credit rating on ACE Ltd. on CreditWatch with negative implications because of ACE’s announcement that it will strengthen its asbestos reserves by $2.18 billion (gross) ($516 million net; $354 million after taxes) …