ACE Europe has joined forces with international damage management experts BELFOR to offer customers a disaster recovery service, as part of its new electronics insurance product. The optional service enables companies within the electronics industry to limit loss and mitigate …
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Arch Reinsurance Limited (Bermuda) (Arch) and its reinsured affiliates. The company is a member of the Arch Capital Group (Bermuda). The outlook for the rating is stable. …
Brookfield, Wis.-based Fiserv Inc. has acquired the assets of Unisure Inc. a provider of reinsurance software and related services, and has formed a strategic relationship with Unisure’s former parent, Paragon Strategic Solutions Inc. The purchase price was not disclosed. The …
Brokerage giant Willis Group Holdings Ltd. announced the asset acquisition of River City Agency LLC, an agency located in St. Paul, Minn. River City is a specialized insurance broker dedicated to serving the needs of the local construction industry. The …
On Sept. 12, 2003, the California Legislature passed Assembly Bill 227 (AB 227) and Senate Bill 228 (SB 228). It has been reported that these bills, which are intended to reduce workers’ compensation costs, will be signed by the Governor. …
Speaking at Town Hall Los Angeles recently, Lord Levene, chairman of Lloyd’s of London insurance market, said that the compensation culture and increasing barriers to free trade cause serious harm to industries that support economic and social progress. Levene also …
New Jersey Attorney General Peter Harvey announced that an Essex County resident has pleaded guilty to insurance fraud-related charges for attempting to steal more than $407,000 in death benefits as part of a reported scheme to receive payment for the …
In an effort to reduce workplace injuries among Maryland teens the Injured Workers’ Insurance Fund, the state’s largest workers’ compensation insurance company, developed a teacher’s guide called: Train the Trainer: Safety for Young Workers. The guide, which raises awareness about …
Guy Carpenter & Company, Inc., a global risk and reinsurance specialist, announced the availability of CAT-i and RISK-i reports on the company’s Web site (www.guycarp.com), which provide periodic updates on major natural catastrophes and technological or man-made events worldwide that …
An overwhelming majority of Americans reportedly believe that frivolous lawsuits are flooding the court system and that class action lawsuits are increasing the cost of products they buy. According to a Winston Group survey of 1,000 registered voters, 80 percent …