The Hartford Financial Services Group Inc. has broadened and simplified its carrier-for-hire cargo coverage, which addresses a trucker’s legal liability when carrying cargo under contract. The Hartford’s newest enhancements are designed to make selecting liability insurance easier for today’s transportation …
The Property Casualty Insurers Association of America (PCI) praised the Louisiana Legislature for defeating a credit-based insurance scoring bill, which it said would have negatively influenced the industry, and advancing a file-and-use rating bill to the full Senate. Senate Bill …
Stressing that auto theft worries increase during summer, the Texas Department of Public Safety released its annual list of the most stolen vehicles. General Motors trucks came out on top. Auto thieves don’t take a summer vacation, the DPS said, …
The National Association of Professional Insurance Agents announced a new marketing partnership, effective immediately, with GE Auto Warranty Services (GE AWS). The exclusive, long-term national agreement, will enable PIA’s agent members to partner with GE AWS to market vehicle service …
IT services company R2K, Inc. announced that its NY headquarters office, working with its wholly-owned subsidiary, InnovaTeam in Bangalore, India, will offer a turnkey business process outsourcing (BPO) solution for back-office insurance processing. “The new service leverages: 1) R2K’s years …
Germany’s Hannover Re announced the results of a survey, conducted by the U.S.-based Flaspöhler Research Group, that singled out the world’s fourth largest reinsurer as the best overall in the North American reinsurance market. According to the bulletin “295 brokers …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of the Bermuda-based Everest Re Group’s reinsurance and insurance subsidiaries. Best also affirmed all debt ratings of Everest Re Group, Ltd. and has extended the …
Standard & Poor’s Ratings Services announced that it has revised the rating outlook on Allianz Australia Insurance Ltd. (Allianz Australia) and its associated company, Allianz New Zealand Ltd., to positive from stable. S&P also affirmed the long-term ‘A-‘ insurer financial …
Standard & Poor’s Ratings Services has issued a report on the current state of the reinsurance community, which concludes that its resolve will be further tested in 2005. Striking a balance between the “demands of clients, brokers, and shareholders to …
Wyoming Gov. Dave Freudenthal has requested drought disaster designations for two Wyoming counties from the U.S. Department of Agriculture. The commissions of both Johnson County and Converse County wrote Freudenthal recently asking for his help in obtaining the declaration from …