Standard & Poor’s has affirmed its ‘A’ counterparty credit and financial strength ratings on DaVinci Reinsurance Ltd. (DaVinci) based on the new company’s very strong operating performance, high capital adequacy, and strong business volume in its first full year of …
The Alliance of American Insurers (AAI) calls the class action reform legislation introduced in the House by Judiciary Committee Chairman James Sensenbrenner (R-Wis.), Rep. Bob Goodlatte (R-Va.) and Rep. Rick Boucher (D-Va.) a bipartisan show of statesmanship that will benefit …
The American Insurance Association (AIA) testified before Maine legislators Wednesday, urging them to reject a number of bills that would increase the cost of workers’ compensation for Maine employers. “Now is not the time to turn the clock back 15 …
The Alliance of American Insurers (AAI) has told the Senate Judiciary Committee that asbestos represents a “national crisis requiring a national solution.” In written comments submitted for the record of today’s committee hearing on asbestos litigation, the Alliance told the …
The Coalition for Affordable and Reliable Health Care (CARH), a national organization fighting medical lawsuit abuse, praised a study released by the U.S. Department of Health and Human Services that reportedly finds frivolous litigation continuing to drive up liability costs …
Hundreds of current and former claims representatives of the Progressive Corporation are expected to join a federal collective action lawsuit seeking unpaid overtime with less than a week to go before a court-ordered deadline of March 10. More than 1,000 …
Connective Technologies Inc., a Houston-based e-commerce solution provider to the insurance industry, has completed recent enhancements to the TEAM-UP product that automate policy, billing and claims inquiries. These inquiries are initiated directly from the agents’ desktop agency management system. Support …
Ohio-based Bancinsurance Corporation, a specialty insurance holding company reported results for the three months and 12 months ended Dec. 31, 2002. The fourth quarter 2002 results were impacted by a 21.8 percent increase in loss and loss adjustment expenses, net …
Mississippi Insurance Commissioner George Dale announced he issued cease and desist orders against one individual and three companies that are allegedly attempting to sell medical malpractice to doctors in his state. Dale said the Mississippi Department of Insurance has received …
Atlanta-based Crawford & Company announced that Annette Sanchez has joined their company and will assume the role of vice president and national sales manager of Crawford’s Risk Management Services (RMS). A veteran industry executive, Sanchez most recently served in the …