The American Association of Insurance Services (AAIS) is asking the U.S. Department of the Treasury to clarify recently issued terrorism reinsurance regulations as they apply to certain rental dwellings and farm exposures. Larris Larsen, AAIS director of compliance and state …
Kevin T. Brough, a Kaysville, Utah resident, was charged with 20 felonies as a consequence of an investigation by the Utah Insurance Department’s Fraud Division. Brough, a Farmers Insurance agent, pleaded guilty to three felony counts of: Unlawful Dealing of …
Two significant insurance-related bills are up for hearing this week in the New Hampshire House Commerce Committee. “These two bills couldn’t be more contradictory,” Gerald Zimmerman, senior counsel for the National Association of Independent Insurers (NAII), said. “One would vastly …
New York Superintendent Gregory Serio along with the Broome County Bureau of Fire Investigation and the Deposit Police Department announced the arrest of George S. Cushner, Jr. Cushner, the owner of Sweets and East Bake Shoppe was arrested for alleged …
The insurance producer license of David C. Bova of Bloomington, Ill., has been revoked by the state’s Department of Insurance. Bova, licensed since Nov. 12, 1997, to sell life, accident and health, and fire and casualty insurance, was investigated for …
Marsh Inc. has received an insurance brokerage license from the Insurance Regulatory Development Authority of India (IRDA). Marsh said it is among the first foreign insurance brokers to receive a license to transact business in India and that its Marsh …
A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) for the Progressive Casualty Pool, (Mayfield Village, Ohio). At the same time, A.M. Best has affirmed the “a+” senior debt rating for The Progressive Corporation’s existing debt securities …
Insurance Services Office, Inc. (ISO) has bolstered its ISO ClaimSearch® services by adding the capability for customers to order and receive medical records on-line. This optional service is available to ISO ClaimSearch customers through an agreement with MediConnect.net, Inc., a …
Toronto-based Co-operators General Insurance Company announced its financial results for the quarter ended Dec. 31, 2002. For the fourth quarter, the company reported a consolidated after-tax net loss of $2.5 million, compared to the $2.6 million loss during the same …
State Auto Financial Corp. reported fourth-quarter net earnings of $19.3 million, or 49 cents per share, compared to 27 cents per share for the year-earlier quarter. Net operating earnings for the quarter were 40 cents per diluted share, versus 26 …