The Property Casualty Insurers Association of America (PCI) has applauded a decision this week by regulators that will reportedly protect the security and solvency of U.S. insurance companies. The Reinsurance Task Force of the National Association of Insurance Commissioners (NAIC) …
More than 200 leaders from the California automotive repair and service industry are gathering in Sacramento on Monday to lobby the legislature for reform of the state’s workers’ compensation and auto repair regulatory systems. The Automotive Aftermarket Legislative Coalition (AALC), …
Calling for more rigorous protection of seniors against financial fraud, California Insurance Commissioner John Garamendi last week unveiled two new legislative bills to help seniors protect their savings and financial health against crimes by insurance scam artists. Joined by senior …
P2P Link, LLC – an Internet portal for automating medical billing and reporting for workers’ compensation – announced it has a major new customer, Marriott International, Inc., a lodging and hospitality company, which self insures its workers’ comp. P2P Link …
Travelers Property Casualty and Equitas Limited (EQU.YY) have reportedly reached a comprehensive settlement of policies existing between Travelers and those Underwriters at Lloyd’s of London reinsured by Equitas. Under the terms of the agreement, Travelers will receive $245 million, resolving …
The Electronic Subrogation Demand/Response Processing System (‘E-Subro HUB’) – an innovative new service developed to improve the efficiency of subrogation claims processing and reduce costs – will begin piloting this fall, according to Arbitration Forums Inc (AF). The ‘E-Subro HUB,’ …
North Texas-based Higginbotham & Associates, one of the nation’s 100 largest independent insurance brokerages, announced that George Owens has been named risk services provider in the firm’s Risk Management Department. With the addition of Owens, the unit is expanding its …
Florida Chief Financial Officer Tom Gallagher and Attorney General Charlie Crist announced the arrests of five south Florida residents on charges that they systematically defrauded hundreds of senior citizens in an organized scheme that netted more than $2 million in …
Caliber Collision Centers, which operates collision repair facilities in California and Texas, named Dan Pettigrew as executive vice president of Operations. As EVP of Operations, Pettigrew will assume responsibility for the oversight of all center operations in California and Texas, …
Bermuda-based Oil Insurance Limited announced that its overall 2003 performance was strong, both in terms of underwriting and investment results. The Company reported net income of $420 million. “Prior to general and administrative expenses, 2003 underwriting and investment income were …