The Insurance Bureau of Canada announced that “is pleased that New Brunswick’s government is taking concrete action to stabilize auto insurance rates,” following a decision to cap pain and suffering awards for minor personal injuries at C$2,500 (US $1860) as …
Dutch regulatory authorities, the Nederlandse Mededingingsautoreit (NMa), has launched an investigation of the country’s insurers for possible anti-competitive practices. Although the probe will examine the entire industry, so far only Delta Lloyd, a subsidiary of the U.K.’s Aviva Plc, has …
Frontenac Co., a Chicago-based private equity firm, announced that they have entered into a binding agreement with Near North National Group by which Near North will sell certain assets of its insurance brokerage operations to Frontenac. The sale was rumored …
California-based Caliber Collision Centers, an operator of collision repair facilities in California and Texas, announced the promotion of John Walcher to vice president of Corporate Development and Governmental Affairs. Since Walcher joined Caliber in March of 2000, the company has …
Texas-based B & B Body and Paint once again held a successful Golf Classic recently, benefiting the Children’s Hospital of Austin. The event was held at the ColoVista Country Club in Bastrop. All proceeds benefit the Children’s Hospital of Austin …
New York Superintendent of Insurance Gregory Serio announced that David W. Jones of Liverpool, New York, was arrested and charged with Arson in the third degree and Insurance fraud in the second degree. It is alleged that Jones, owner of …
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of International Insurance Company of Hannover Limited (Inter-Hannover), a London-based general insurer and reinsurer. The rating outlook is stable. The rating reflects the company’s strategic importance to its …
Laws mandating that consumers buy auto insurance do not reduce the number of uninsured motorists, are virtually impossible to enforce and a bill to implement such a program in Wisconsin will not help the insurance market, according to the National …
Thursday’s Senate Judiciary Committee markup of asbestos litigation reform legislation is reportedly another positive sign, but Congress must work quickly if true reform is to pass this year, the American Insurance Association (AIA) said. “We are encouraged by the progress …
Disaster Kleenup International, Inc., a network of quality, independent property damage restoration contractors, announced that member company Green Construction Services of Lakeland, Fla. raised over $25,000 for the Children’s Cancer Center of Tampa Bay. The donation is a result of …