Texas-based Corporate Systems, Inc., a provider in property/casualty claims lifecycle management and reporting solutions, announced that ABM Industries, Inc. successfully implemented CS ClaimsPro to effectively manage claim costs and improve adjuster performance. CS ClaimsPro provides claims management features such as …
A Muscatine, Iowa, insurance agent was recently arrested by the city’s drug task force and faces multiple federal drug charges, according to the Muscatine Journal. Law-enforcement officials alleged that Brandon Wayne Buster, 27, sold and distributed cocaine and marijuana for …
In an effort to provide relief to skyrocketing workers’ compensation premiums in California, Insurance Comm-issioner John Garamendi lowered the advisory pure premium rate by 14.9 percent, a shift that the Department of Insurance believes would return premiums to July 2002 …
Germany’s Allianz Group bounced back from a series of losing quarters to record a 421 million euro ($498 million) overall group profit for the first nine months of 2003. Total premium income rose 9.1 percent during the period -adjusted for …
The St. Paul Companies Inc. and Travelers Property Casualty Corp. have announced that they have signed a definitive merger agreement that will create the nation’s second largest commercial insurer, to be known as The St. Paul Travelers Companies. The combined …
Insurance industry interests contributed nearly $200,000 to the campaign of Ohio Supreme Court Justine Maureen O’Connor. Ohio’s top court, with O’Connor’s help, recently overturned a previous ruling of its own which had extended commercial passenger auto insurance coverage to injuries …
Mayfield Village, Ohio-based vehicle insurer Progressive Corp. reported $21,000 worth of art by the late pop artist Roy Lichtenstein was stolen from its building, according to the Associated Press. The works stolen were three lithographs, “Bull Head I,” “Bull Head …
A.M. Best Co. announced that it has affirmed the financial strength rating of A+ (Superior) of Assurances Generales de France (AGF) and its core subsidiaries, with a negative outlook. “The rating reflects AGF’s core status to its ultimate parent, Allianz …
Laurence A. Tisch, the Co-Chairman and co-founder of Loews Corporation, the parent company of CNA Financial Corp., passed away Saturday in New York. Tisch, 80, succumbed to cancer. He and his brother Preston R. “Bob” Tisch started with one hotel …
A.M. Best Co. has downgraded the financial strength rating to A- (Excellent) from A (Excellent) of Horace Mann Educators Corporation’s (Springfield, Ill.) insurance operating subsidiaries. Concurrently, A.M. Best has downgraded the debt ratings to “bbb-” from “bbb+” on Horace Mann …