The National Association of Independent Insurers (NAII) Board of Governors reiterated its strong support of litigation reform by adopting a comprehensive policy position on the topic at its June meeting. The policy position adopted by the NAII Board extends the …
Illinois-based Insurance Auto Auctions, Inc. a provider of automotive salvage and claims processing services in the United States, reported lower net earnings for the quarter ended June 29, 2003. The company recorded net earnings of $1.3 million, or $0.11 per …
Summit, a provider of workers’ compensation insurance products, announced the launch of BusinessFirst Insurance Company(TM). BusinessFirst is a Florida-domiciled stock insurance company which will specialize in workers’ compensation insurance for retail, service and light industrial companies in the state of …
In the first half of 2003, Insurance Commissioner John Oxendine’s Consumer Services Division claims to have helped more than 10,000 Georgia consumers settle disputes with their insurance companies, returning more than $12 million in insurance claims to these consumers—money they …
Whether it is a straightforward personal lines claim or a complicated commercial lines claim, it is not uncommon for an insurer to receive the notice of an underlying lawsuit after the policyholder has incurred defense costs to address the matter. …
A.M. Best Co. has assigned an initial financial strength rating of A- (Excellent) to Transmonde Services Insurance Company Ltd., Bermuda. The outlook is stable. The rating reflects the company’s strong level of capitalization and profitable operating results. Transmonde provides professional, …
McClellan & Corren, a new law office, has opened its doors this summer in San Francisco. Led by experienced attorneys Regina McClellan and Edye Corren, the firm represents insurers, third-party administrators, and employers in the defense of workers’ compensation and …
The Alliance of American Insurers is reportedly confident that the National Conference of Insurance Legislators’ (NCOIL) recent unanimous adoption of a model insurance antifraud bill will add an effective new arrow to the quiver of law enforcement officials attacking this …
The Navigators Group, Inc. announced that both A.M. Best Company and Standard & Poor’s Ratings Services have reaffirmed their ‘A’ ratings for Navigators Insurance Company and NIC Insurance Company. In reports released in June 2003, both Best and S&P reaffirmed …
Aon Corporation released its “Report Card for the World,” identifying “unconventional threats” to the balance sheets of U.S. firms conducting business abroad. Aon Trade Credit, which annually maps business risks around the world, found several threats U.S. companies may be …