This year has been the busiest for enactment of state civil justice reform legislation since 1995, according to the American Tort Reform Association (ATRA). At mid-year, 20 states already have enacted laws; 19 laws were enacted by the conclusion of …
California’s State Compensation Insurance Fund has issued its audited statutory-basis financial statements as of Dec. 31, 2002. Net premium written for 2002 was $5.3 billion, an increase of 49 percent from $3.6 billion in 2001. State Fund’s cash and invested …
Standard & Poor’s lowered its counterparty credit and financial strength ratings on the members of the Kemper Insurance Cos. intercompany pool to “CCC” from “B-” with a negative outlook. All the ratings have been removed from CreditWatch, where they were …
A.M. Best Upholds ‘Excellent’ Rating Of CAP-MPT The A.M. Best Company has upheld its rating of “A” (Excellent) to the Cooperative of American Physicians Inc. – Mutual Protection Trust (CAP-MPT), a provider of medical professional liability protection for more than …
The Insurance Council of Texas (ICT) reported the state’s costliest and deadliest storms since 1950. A tropical storm that dropped more than three feet of rain on parts of Houston was the costliest weather disaster in Texas, while a tornado …
The National Property Crime Conference will be held Aug. 11-14 at the Sheraton World Resort in Orlando. The Conference will be held for Police Burglary, Theft, Pawn Detectives and Insurance Investigators and Corporate Loss Prevention Investigators. For more information, contact: …
GE’s Employers Reinsurance Corporation has named Robin Royals Global Quality leader. Royals will be responsible for leading the company’s Six Sigma quality initiative to improve processes and customer service. Royals joined GE ERC in Jan. 2001 to create and lead …
The Chubb Group of Insurance Companies has introduced a new Web-based application called ClaimVista to brokers and agents. ClaimVista allows agents and brokers to offer prompt customer service by providing them with real-time information about their customers’ insurance claims. ClaimVista, …
Hurricane Claudette in the gulf region, damaging thunderstorms and tornadoes in the Midwest and several wildfires in the West have reportedly made 2003 one of the more costly years for natural disasters. According to the Insurance Services Office (ISO), over …
Calif.-based Fair Isaac Corporation announced that Cy King has been appointed vice president of Property and Casualty Predictive Analytic Solutions. He will be responsible for the profit and loss for the company’s property and casualty predictive product group, which helps …