Ohio Insurance Director Ann Womer Benjamin has issued a cease and desist order against unlicensed TRG Marketing, LLC, also known as TRG Administration or TRG Health Plan, requiring it to immediately stop engaging in insurance activities. Womer Benjamin also issued …
CDS Business Mapping, a source for online hazard mapping, has added Florida Sinkhole Reports to the RiskMeter Online. The new service allows insurers to lookup Florida sinkhole information with ease on the company’s web based tool, the RiskMeter Online (www.RiskMeter.com). …
First Notice Systems(TM), Inc., a provider in claim reporting solutions for the industry, and The Hertz Corporation, announced a strategic alliance that enhances the services insurance carriers can provide their policyholders when auto claims are reported. With the new alliance, …
The catastrophe bond market had record issuance in 2002 of $1.2 billion, exceeding the previous high of $1.1 billion set in 2000, according to a new report co-sponsored by Guy Carpenter & Company, Inc. and Marsh & McLennan Securities Corporation, …
The National Association of Mutual Insurance Companies (NAMIC) praised the recent New Jersey Senate passage of a bill to begin the needed reform of the state’s auto insurance market. By a vote of 28-5, the Senate approved the New Jersey …
New York’s Superintendent of Insurance Gregory Serio announced that an investigation into a suspected fraudulent motor vehicle theft insurance claim has resulted in the arrest of Steven P. Oslica, of Camillus, New York, for reportedly filing a fraudulent claim with …
The American Insurance Association (AIA) praised the vote of the Florida House of Representatives giving final approval to a comprehensive medical liability reform bill, saying that reform is a necessity if the state wants to encourage insurers to come back …
The Alliance of American Insurers (AAI) announced its strong opposition to legislation aimed at creating a new, state-run mutual insurance company for the purpose of writing workers’ compensation policies in Florida. “SB 1946 and HB 1655 would create yet another …
PacifiCare Health Systems Inc. announced its subsidiary PacifiCare of Texas, without admitting any wrongdoing, entered into a binding memorandum of understanding (MOU) with the Texas Department of Insurance (TDI) and the Texas Attorney General (AG) to settle pending litigation and …
A.M. Best Co. announced that it has lowered the financial strength rating to A+ (Superior) from A++ (Superior) of Germany’s Allianz AG and its core subsidiaries. It also lowered the ratings on Allianz’s senior debt to “aa-” from “aa+,” and …