Chicago-based CNA Surety Corporation announced that it recently received a claim notification on a $19.5 million insurance program bond. The commercial surety bond reportedly supports the credit obligations of a principal to a third party insurance company with respect to …
ING, the Netherlands-based insurer and financial services company, which controls Comercial America, Mexico’s largest insurer, has been hit by a court order in the state of Morelos, ordering a freeze on the company’s assets and the arrest of several of …
James Gardill has submitted his resignation as chairman and member of West Virginia’s WesBanco, Inc.’s Board of Directors, as well as a member of various subsidiary boards of WesBanco, effective Aug. 31, 2003, citing a decision by his law firm’s …
According to reports from British news services and financial journals, Royal & Sun Alliance, the U.K.’s second largest P/C insurer, is set to announce a significant increase in its first half 2003 profits tomorrow. The news has also fueled widespread …
Emphasizing the urgent need for true reform, Insurance Commissioner John Garamendi told the Workers’ Compensation Conference Committee that the Legislature must reduce system costs by at least $6.25 billion to bring premium levels back to the 2002 level. “Let me …
AMS Services, Inc. announced that State Auto Insurance Companies, which services 26 states, has joined TransactNOW(TM), becoming the 17th carrier to participate. Introduced this past March at the AMS National Users’ Group Conference, TransactNOW(TM) is AMS’s newest interface offering that …
The Workers’ Compensation Insurance Rating Bureau (WCIRB) has compiled a summary of insurer reports of loss and premium experience valued as of March 31, 2003. This summary is based on data reported to the WCIRB by insurers that wrote approximately …
The Texas Workers’ Compensation Commission recently announced new average weekly workers’ comp wage rates that became effective Sept. 1, 2003. Under Section 408.047 of the Texas Labor Code, the state average weekly wage for Fiscal Year 2004 is $537 per …
North Carolina Insurance Commissioner Jim Long announced the arrest of Jim Goodman, manager, foreman and estimator for USA Custom Paint and Body Shop of Raleigh, N.C., on six counts of making a false statement to procure insurance benefits, a felony. …
The Workers’ Compensation Insurance Rating Bureau (WCIRB) has compiled a summary of insurer reports of loss and premium experience valued as of March 31, 2003. This summary is based on data reported to the WCIRB by insurers that wrote approximately …