The Alliance of American Insurers (AAI) announced its satisfaction in the outcome of a recent decision by the New Jersey Supreme Court to deny certification in James v. Torres. The bulletin noted that the result “will bring a needed sense …
Mayfield Village, Ohio-based Progressive Corp. has reported that for February 2003, the company produced a GAAP combined ratio of 89.8 percent. Net premiums written increased 31 percent to $942.7 million for the month, compared to $719.6 million last year. Net …
GAB Robins Group of Companies announced the expansion of its Executive Loss Adjusting (ELA) division, which focuses solely on high-end property and casualty claims. The expansion of the division include the following appointments: Glen Perich as Executive General Adjuster; Bob …
EPAM Systems, Inc., a global provider of software development and outsourcing services, announced the launch of its healthcare practice focusing on IT related projects for health insurers and related organizations. Traditionally, health organizations have lagged behind other markets with annual …
The Florida legislature is gearing up for several hearings this week that will deal with important insurance-related issues including medical liability, PIP insurance fraud reform, and the use of credit-based insurance scoring. “It’s encouraging to see that Florida lawmakers are …
Claims inflation on liability policies in the Danish non-life insurance market looks set to put short-term stress on some companies’ solvency levels, Standard & Poor’s said, following a review of its insurer financial strength ratings in the market. Reflecting the …
Penn National Insurance has earned an “A- Excellent” rating from the A.M. Best Company. This represents an increase from the company’s former “B++ Very Good” rating from A.M. Best. According to A.M. Best, “The rating reflects the group’s solid capitalization, …
Florida-based eAutoclaims, Inc., which provides online claims management solutions for the auto industry through both an application services provider (ASP) and outsourcing services, achieved profitability during February of 2003, the first month of its third fiscal quarter. According to president …
Professional Insurance Agents of Connecticut President James Pascarella, urged the Insurance & Real Estate Committee of the Connecticut General Assembly to oppose Raised Senate Bill No. 1084 during a public hearing last week. The bill would establish a pilot program …
“Virginia’s 2003 legislative session ended with the softening of many bills that could have made it much more difficult for insurance companies to conduct business in the state,” said an announcement from the National Association of Independent Insurers. The bills …