GAB Robins Group of Companies announced that it will serve as American Specialty’s provider of claims services and claims technology services for all 30 Major League Baseball teams and nearly 200 minor league affiliates. American Specialty, which provides risk services …
The Terrorism Risk Insurance Act of 2002 (TRIA) has done very little to address the fundamental issues that make terrorism risk so difficult and unattractive to insure, according to new studies by Conning Research & Consulting, Inc. Moreover, Conning (www.conningresearch.com) …
As the final days of the 2003 Virginia legislative session unfold, lawmakers are considering several bills that would impact the resources insurance companies currently use to underwrite and rate their products. Senate amendments to House Bill 1948 provide that prior …
Standard & Poor’s has lowered its counterparty credit and financial strength ratings on Kentucky Farm Bureau Mutual Insurance Co. (Kentucky Farm Bureau) to “Api” from “Aapi.” In addition, S&P’s lowered its counterparty credit and financial strength ratings on Kentucky Farm …
A former resident of Jupiter, Fla. was sentenced in Martin County Circuit Court to 20 years in prison after pleading no contest to fraud and grand theft charges stemming from his use of aliases in a scheme to reportedly swindle …
With the fate of the Colorado’s no-fault auto insurance system hanging in the balance, the National Association of Independent Insurers (NAII) is urging the Legislature to adopt reform legislation (HB 1225) that will help stabilize auto insurance costs while giving …
The Montana House of Representatives has approved legislation to limit use of a valuable tool that allows insurers to accurately predict losses and price auto and homeowners products, the American Insurance Association (AIA) said. “This bill will make it more …
HCC Insurance Holdings Inc., based in Houston, reported that 2002 was the best year in the company’s history, and that it achieved record earnings results for the fourth quarter and for the full year that ended December 31, 2002. Net …
Bermuda-based Allied World Assurance Holdings, Ltd. reported net income of $42.8 million for the fourth quarter and $127.6 million for the year ended Dec. 31, 2002. Allied World Assurance Holdings, Ltd. was incorporated in Bermuda on Nov. 13, 2001. The …
Concord, Calif.-based Advanced Risk Technologies Insurance Services (ART) announced the promotion of Leticia Nelson from assistant vice president to vice president. In this role, Nelson is charged with managing the multi-lines TPA claims operations. Nelson offers an extensive workers’ compensation …