Louisiana Commissioner of Insurance Robert Wooley was joined by National Association of Insurance Commissioners (NAIC) president and Arkansas Commissioner of Insurance Mike Pickens Friday Aug. 15 at a press conference to kick off Louisiana’s ASSURE program. ASSURE, Alliance for Sound …
Mayfield Village, Ohio-based vehicle insurer Progressive Corp. reported a 27 percent increase in net premiums earned in July 2003 from July 2002. Net premiums jumped from $872 million to $1.1 billion, while net income jumped 70 percent over July 2002, …
Reinsurance brokerage provider John B. Collins Associates announced that Jim Grant, senior vice president, will speak on Terrorism Reinsurance for Health at the Society of Actuaries’ Valuation Actuary Symposium in San Diego on Sept. 11. Grant’s presentation will be part …
New Jersey Attorney General Peter Harvey announced that a Hudson County man has been charged in a Hudson County grand jury indictment with filing a false stolen vehicle insurance claim. According to Vaughn McKoy, Director, Division of Criminal Justice and …
A federal judge on Thursday deferred until Aug. 25 a decision on whether to issue an injunction against San Diego-based Arrowhead General Insurance Agency Inc.’s use of certain computer software. The deferral of Southern District Chief Judge Marilyn Huff’s ruling …
The International Finance Corporation, the private sector arm of the World Bank Group, and Zurich Emerging Markets Solutions, the political risk and credit insurance unit of Zurich North America, announced that they are establishing a risk sharing facility that will …
The PMA® Insurance Group, a regional property and casualty organization specializing in workers’ compensation and disability insurance, announced that it has relocated its Pittsburgh Branch Office to accommodate the increased business activities in the western Pennsylvania area. The office is …
Based on past experience, the insurance implications of the Northeast blackout are likely to be modest, according to the Insurance Information Institute in New York. No specific dollar figure was available as of Thursday evening. Authorities are saying that the …
Standard & Poor’s Ratings Services lowered its counterparty credit and senior debt ratings on Chicago-based insurer Unitrin Inc. to “BBB+” from “A-” because of a decline in operating company capital adequacy related to losses in the group’s property/casualty insurance businesses …
Illinois Gov. Rod Blagojevich, a Democrat, signed insurance-related legislation dealing with the use of credit scores, commercial lines nonrenewals and uninsured motorist costs this week, according to the National Association of Independent Insurers. “HB 3661 makes positive adjustments to the …