Equitas, the Lloyd’s runoff vehicle established to handle claims prior to 1992, and Honeywell International jointly announced that they have “reached a comprehensive policy buy-back settlement of all insurance claims by Honeywell against the Lloyd’s of London names reinsured into …
The Alliance of American Insurers is urging Minnesota’s governor to sign into a law a measure that will go a long way toward stabilizing the state’s commercial insurance market. The bill (House File 267) passed the Senate yesterday by a …
Governor George E. Pataki and New York City Mayor Michael R. Bloomberg announced new legislation that will allow a wider range of businesses the opportunity to utilize captive insurance companies to retain, fund, and better manage some of their risk. …
Expressing strong support for the National Flood Insurance Program (NFIP) and presenting five principles that should be the focus of reform efforts, J. Fletcher Willey testified on behalf of the Independent Insurance Agents & Brokers of America (IIABA) before the …
INA, Insurance Group of North America, the consumer marketing and underwriting division of ACE INA and a member of the ACE Group of Companies, announced it has created a policy specifically designed to protect U.S. and Canadian motorists while traveling …
A report released this month regarding Ohio insurers’ use of credit-based insurance scores incorrectly asserts that such scores intentionally and unfairly create a disproportionate impact on minority and low-income groups. “Insurance scores cannot be used as a proxy to determine …
ESIS Inc., the risk management services arm of ACE USA, will introduce its new Global RiskAdvantage(SM) product at the 2003 Risk & Insurance Management Society (RIMS) conference in Chicago, April 6 – 10. Building on the success of ESIS’ RiskAdvantage(SM) …
According to the 2001 Bureau of Labor Statistics (BLS) Annual Survey of Occupational Injuries and Illnesses, conducted in cooperation with the Texas Workers’ Compensation Commission (TWCC), strains and sprains were the leading nature of lost-time injuries in every major industry …
New Jersey Acting Attorney General Peter C. Harvey announced that four residents from Camden and Burlington Counties pleaded guilty to conspiracy for stealing money from Allstate Insurance Company as part of an auto insurance PIP fraud theft scheme. According to …
An insurance agent charged with failing to return a refund to a customer and with writing worthless checks has lost his license to sell insurance. The Florida Department of Financial Services has revoked the insurance and adjuster licenses of Pablo …