The 2003 Maryland legislative session is at the halfway point, with a crop of insurance-related bills still working their way through the process, including legislation on no pay/no play, insurers’ use of credit, motor vehicle salvage, workers’ compensation benefits, and …
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Sun Hung Kai Properties Insurance Limited (SHKPI), Hong Kong. The outlook is stable. The rating reflects SHKPI’s prudent capitalization, adequate liquidity and improved underwriting performance. The rating …
The 16th Annual Agribusiness Conference will take place March 20-21 in Sacramento. The conference will focus on how to grow a book of business by covering agricultural risks. Dr. Emmett J. Vaughan, along with a panel of industry experts, will …
Florida-based FPIC Insurance Group, Inc. reported operating earnings of $3.4 million, or $0.36 per diluted share, for the fourth quarter 2002, up from an operating loss of ($4.0) million, or ($0.43) per diluted share, for the fourth quarter 2001. For …
Heightened terrorism alerts and security warnings by U.S. officials have raised the concerns of business owners and risk managers interested in doing what they can to protect employees and resources. ABD Insurance and Financial Services, a provider of global risk …
XL Weather & Energy Inc., an XL Capital Ltd company and provider of weather and energy risk management products, announced the hiring of a senior team of contingent risk personnel to expand the product line and capabilities of the company. …
In an attempt to settle long-standing differences between insurers and auto repair shops, the Massachusetts Department of Insurance (DOI) is holding a hearing on Friday, Feb. 21 on various proposals calling for changes to existing regulations on auto body repair. …
A former candidate for lieutenant governor in Arkansas is accused of billing insurance companies for dozens of operations and hundreds of office visits that reportedly never occurred, according to an Associated Press report. Dr. James Curtis Dilday reportedly once used …
Minneapolis-based ABRA Auto Body & Glass, a damaged vehicle repair company, announced that all of their Memphis repair centers achieved I-CAR Gold status. I-CAR is an independent, not-for-profit technical training organization formed in 1979 by the collision industry…
A former state employee was arrested on charges that he filed 54 fraudulent travel claims while working as an inspector, according to Florida’s Chief Financial Officer Tom Gallagher. Karl Michael Pries, a former Fire Protection Specialist with the Agency for …