In a further move to bring its accounting procedures up to date, Lloyd’s announced it would adopt UK Generally Accepted Accounting Principles (GAAP) beginning January 1, 2005. It also plans to eventually adopt International Accounting Standards (IAS) “when there is …
New Jersey’s Banking and Insurance Commissioner Holly C. Bakke has announced a number of actions, following investigations by the Department’s Market Conduct Unit. It operates within the Office of Consumer Protection Services and conducts on-site reviews of insurance company and …
A.M. Best Co. has issued a statement indicating that it sees no change in the ‘A’ (Excellent) financial strength ratings of Zurich Financial Services Group (ZFS) and its core subsidiaries, following the release yesterday of third quarter and nine-month earnings …
An Albertville, Alabama man was killed Nov. 16 during a fire at his residence. No one else was injured in the fire. Marcelo Lopez, 18, died around 10:30 p.m. when fire damaged his one story wood frame home at 119 …
Janelle Walton has joined Cavignac & Associates as an account manager for the company’s Employee Benefits Department, according to Jeffrey Cavignac, principal of the San Diego-based commercial insurance brokerage firm. In her new position, Walton is charged with servicing Cavignac …
V, a provider of layered voice analysis technology (LVA) in North America and markets throughout the world, announced at the National Workers’ Compensation and Disability Conference this week, immediate availability of its risk assessment solution, RA-5, a voice analysis software …
Douglas H. Barker and the lawyers and staff at Barker Law Group, APLC announced their office move to Mission Valley. The law firm’s new address is now 8880 Rio San Diego Drive, Suite 900, San Diego, Calif. 92108. “The firm …
Insurance Services Office, Inc. (ISO) has expanded its suite of compliance products to help insurers and other businesses comply with the requirements of the U.S. Treasury’s Office of Foreign Assets Control (OFAC). ISO’s new OFAC Enterprisewide solution is designed to …
After several years of uncertainty and rising premiums in the commercial auto market for uninsured and underinsured motorist (UM/UIM) coverage in Ohio, the Ohio Department of Insurance is reporting that the market is stabilizing, according to Director Ann Womer Benjamin …
GEICO will reportedly begin hiring and training experienced claims examiners and telephone adjusters immediately in order to get ready to open a new Metairie, Louisiana claims facility in March. The new GEICO claims office will ultimately handle all of the …