Lloyd’s has signed a five-year infrastructure management services agreement with global IT company Unisys worth an estimated $17 million. The service provider will support around 1,400 desktops and 200 servers. Under a separate contract, Lloyd’s purchased two Unisys ES7000 servers …
The Swiss-based Geneva Association and The International Insurance Society, Inc., headquartered in New York, have announced plans to form a new insurance research program designed to produce high quality practical research on current issues in the industry. According to Patrick …
Standard & Poor’s Ratings Services announced that it has assigned its “AA-” insurer financial strength rating to London-based Mitsui Sumitomo Insurance (London) Ltd. (MSIL). The outlook is stable. “The rating on MSIL is supported by a guarantee provided by Japan-based …
A broad-based coalition of property/casualty insurance company, insurance producer and reinsurance trade associations commended the National Association of Insurance Commissioners (NAIC) for adopting a resolution supporting a two-year extension of the Terrorism Risk Insurance Act (TRIA) at the NAIC summer …
Los Angeles-based SDRS Claims Service recently promoted Al Miller to president and CEO of the company. Miller previously served the company as a general manager. For more information on the company, visit www.sdrsclaims.com.
Florida’s Chief Financial Officer Tom Gallagher has released the Department of Financial Services’ annual Top 10 Fraud List, which summarizes 10 of the costliest or boldest securities, financial and insurance fraud scams that resulted in arrests or convictions during the …
California-based IHI Insurance Services announced another fraud conviction in a workers’ compensation claim resulting in $12,224 in restitution, 90 days in jail, and three years of formal probation. This award followed the guilty plea of a workers’ comp claimant on …
A new Rhode Island law allows for a terrorism exclusion from the Standard Fire Policy (SFP) for certain commercial risks. The new law, which became effective last week, amends the state’s Special Commercial Risk statute to exempt those risks from …
Gov. John Hoeven and officials of the Federal Emergency Management Agency (FEMA) announced that disaster assistance is now available to six additional North Dakota counties in response to flooding and severe storms beginning March 26, 2004, and continuing. Hoeven requested …
Privacy legislation has affected almost all consumers of goods and services in the United States. Most notably, the Gramm-Leach-Bliley Act (GLBA) passed by the federal government in November of 1999 sets forth a complex set of rules intended to promote …