A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of Allianz Insurance Group (Allianz), which consists of Allianz Global Risks US Insurance Company and its wholly-owned subsidiary, Allianz Underwriters Insurance Company (Allianz Underwriters). The rating outlook for …
ProcessClaims, a provider of business process automation, vendor management and data analytics, announced that California Casualty Management Company has renewed its partnership agreement for a third time with ProcessClaims. This new three-year agreement signifies a continuation of a reported mutually …
The Office of Kentucky Governor Ernie Fletcher has extended the deadline for the 2004 Homeland Security grant application process from June 25 to July 9, 2004. “Since the storms hit the commonwealth during the last week of May, the people …
Alaska Governor Frank Murkowski has signed into law a number of recently-passed bills, which address issues ranging from small claims to getting drunk drivers off the streets. HB 227, sponsored by the House Judiciary Committee, Anchorage Rep. Lesil McGuire, Chair, …
The Association of California Insurance Companies (ACIC) reports it is opposed to legislation that would establish a mandated rate regulation system for workers’ compensation insurance companies. “The bill would force insurers to take another gamble in California by presuming cost …
According to the Insurance Information Institute, lightning losses in the United States reach $5-6 billion annually. Of those losses, more than $1 billion are in the homeowner sector, representing roughly five percent of total residential claims. Despite these statistics, lightning …
Florida-based eAutoclaims reported the financial results for their third fiscal quarter ended April 30, 2004. The net loss for the nine-months ended April 30, 2004, was $1,552,261 compared to $1,230,879 for the nine-months ended April 30, 2003. The company incurred …
Insurance Systems Inc. (ISI), a software solutions provider to the global insurance industry, announced that a mono-line plate glass insurer in the United States has signed an agreement to implement the WebWriter BackOffice system and a comprehensive internet portal for …
Charlotte, N.C.-based American Wholesale Insurance Group (AmWINS) appointed Samuel H. Fleet as president of its Group Benefits Division. The company reported that in this newly created position, Fleet will work with the AmWINS’ Group Benefits businesses, which include National Employee …
The New York State Insurance Department has scheduled public hearings to consider the application of the New York Compensation Insurance Rating Board (NYCIRB) for a workers’ compensation insurance increase of 29.3 percent. A New York City hearing is scheduled for …