Willis Group Holdings announced the sale of the DRIVE business to MVRA Limited. DRIVE is a vehicle accident management service that comprises facilitating access to call centre assistance, roadside recovery, vehicle repair and other associated services. MVRA Limited is a …
Colorado has become the fourth state this year, following Arkansas, Idaho and West Virginia to enact substantive improvements in its tort system. Colorado recently enacted two reform bills and is considering three others that will make even more substantial changes, …
Standard & Poor’s Ratings Services revised its outlook on Fremont General Corp. to stable from negative and affirmed its ratings on the Santa Monica, Calif.-based company, including Fremont’s ‘CCC+’ long-term counterparty credit rating. At Dec. 31, 2002, Fremont had total …
Kemper Auto and Home recently introduced its collectibles program, a new product enhancement initiative for the professional collector with a broader range of coverage options. The program provides additional premium credits for protected jewelry and a rate structure that better …
The Associate in Surplus Lines Insurance (ASLI) program, the only nationally recognized certification program for surplus lines specialists and others seeking expertise in this field, has new completion options that broaden the choices of people who earn the designation. These …
The Florida Department of Financial Services, after filing Administrative Complaints, has revoked the insurance licenses of a husband-and-wife insurance agent team, following charges that they sold worthless health insurance. Investigators with the Bureau of Agent and Agency Investigation say Fred …
A California broker, John Sik Lee, 32, of Cerritos, pled no-contest to two felony counts and one misdemeanor count of grand theft based on evidence gathered by California Department of Insurance (CDI) investigators. The Los Angeles County District Attorney’s office …
Massachusetts-based Electric Insurance Company has chosen SceneAccess™, an online application designed specifically for the property and casualty insurance industry, as its end-to-end claim assignmentmanagement, communication and reporting system between the insurance companyand its independent appraisers. Electric Insurance has made the …
Peoria, Ill.-based RLI Corp. reported quarterly net earnings of $14.4 million (56 cents per diluted share), a 59 percent gain over the $9.1 million (45 cents per diluted share) posted in the same quarter last year. This result includes quarterly …
The Alliance of American Insurers (AAI) reports it is pleased with the enactment of a Kansas law that will continue to allow insurers to use consumer credit histories in underwriting and rating policies. The law requires insurers to tell the …