NavLynx Technologies, ( www.navlynx.com ), Toronto, Canada, with a subsidiary in the United States, announced that Allstate Canada (Quebec) Insurance Company has modified its insurance guidelines to include NavLynx’ AutoGuard Tracking(TM) system. Customers installing the technology, which has reportedly proven …
North Carolina Insurance Commissioner Jim Long and State Senator Scott Thomas announced a new law which is expected to alleviate the homeowners insurance crisis currently felt by residents of North Carolina’s 18 coastal counties. The law came about as a …
A Cole County, MO., Circuit Court judge will hear arguments Aug. 14 on whether to issue a preliminary injunction against medical malpractice insurance sales by an unlicensed Virgin Islands-based company, Security Trust Insurance Ltd., doing business as Ameristar. The Missouri …
Special Session C ended Monday with no solution to Florida’s health care/medical malpractice insurance crisis and Gov. Jeb Bush planning to convene legislators for Special Session D August 5. House Speaker Johnnie Byrd released a statement declaring: “Even though some …
California Insurance Commissioner John Garamendi released the following statement in response to State Compensation Insurance Fund’s recent audit: “Since taking office in January I have worked to address the growing workers’ compensation system crisis. More compelling evidence of that crisis …
Lloyd’s of London chairman Lord Levene will file a submission soon seeking approval to establish an on-shore reinsurance branch in China. Having an on-shore presence would allow Lloyd’s to reinsure local currency business, providing Chinese insurers with full access to …
Marsh & McLennan Companies, Inc. (MMC) reported financial results for the quarter and six months ended June 30, 2003. Consolidated revenues for the quarter increased 10 percent to $2.9 billion from $2.6 billion in the second quarter of 2002. Net …
The American Insurance Association (AIA) praised the “Commonsense Consumption Act” (S. 1428), introduced recently by U.S. Sen. Mitch McConnell (R-KY), as a much-needed proposal to help reform America’s litigation system. The legislation would bar lawsuits against food manufacturers and sellers …
The Texas State Bar held a hearing recently to determine if Houston attorney and former San Antonio councilman Bernardo Eureste should be disbarred because of his 2002 federal conviction for fraud. In June 2002, U.S. District Court Judge Lee Rosenthal …
News reports that an exodus of top executives and longtime clients has hampered the impending sale of Chicago-based Near North Insurance Brokerage Inc. are untrue, according to a company spokeswoman. “While some executives have moved on, Near North maintains a …