The Alliance of American Insurers applauds Rep. Chris Cannon’s (R-Utah) introduction of the “Asbestos Compensation Fairness Act of 2003 ” (H.R. 1586), which would provide for fair and efficient judicial consideration of claims arising out of asbestos exposure, and would …
Health Net Plus, the workers’ compensation managed care services unit of Health Net Employer Services Inc., announced that it has partnered with Qmedtrix Systems Inc. to offer a new electronic solution called Q-Worx to employer groups to help them manage …
ACE USA announced that its terrorism-related products would provide broader solutions for U.S.-based clients. This new offering addresses coverage gaps created by the Terrorism Risk Insurance Act (TRIA), including losses resulting from acts of domestic terrorism, and expands policy benefits …
Insurance Auto Auctions Inc., a provider of automotive salvage and claims processing services in the United States, announced the acquisition of Wichita Insurance Pool Inc. located in Wichita, Kansas. Conveniently located near downtown Wichita, the 30-acre facility will leverage our …
SCOR Group recently announced that, as a result of recently held negotiations with one of the shareholders of IRP Holdings Ltd, it has offered to purchase 6.67 percent of the share capital of this company. SCOR currently owns 46.7 percent …
San Antonio-based Rush Enterprises Inc., whose continuing operations includes the largest network of Peterbilt heavy-duty truck dealerships in North America, and a John Deere construction equipment dealership in Texas, announced that it has acquired certain assets of Peterbilt of Mobile …
Arch Insurance (Bermuda), a division of Arch Reinsurance Ltd., announced that it has increased its general property net and treaty capacity from $25 million to $50 million. In addition the company indicated that it now has the ability to “gross …
Standard & Poor’s Ratings Services reacted to the news that talks between Germany’s Gerling Group and HDI have broken off (See IJ Website April 3) with an announcement that its current ‘BB+’ long-term counterparty credit and insurer financial strength ratings …
Insurance Commissioner John Garamendi announced that the California Department of Insurance (CDI) served a Cease and Desist Order on Oriska Insurance Company based in Oriskany, New York, following an investigation that revealed the company illegally sold workers’ compensation insurance in …
Georgia Insurance Commissioner John W. Oxendine ordered First Actual American Insurance Company to stop marketing medical malpractice liability in his state. Oxendine said the company is not licensed or authorized to sell insurance in Georgia. Under the order, First Actual …