The Oklahoma lawmaker originally responsible for launching an investigation into state Insurance Commissioner Carroll Fisher announced that a quick removal from office will prevent Fisher from further benefiting from his improper actions. Rep. John Trebilcock, who authored the resolution that …
Standard & Poor’s Ratings Services announced that it has revised its outlook on Tokio Millennium Re Ltd. (TMRe) to stable from negative, and affirmed its “AA-” financial strength rating, based on a guarantee of policyholders’ obligations from its parent company, …
Accompanying its announcement on TMRe, Standard & Poor’s Ratings Services also noted that it has revised its outlook on Dublin-based reinsurer Tokio Marine Global Re Ltd. (TMGRe) to stable from negative, and affirmed its ‘AA-‘ long-term insurer financial strength rating. …
The Insurance Information Institute has published a list of insurance company toll free numbers for policyholders with questions regarding their coverage for damage caused by Hurricane Frances. A number of companies have established these “hotlines” to answer questions on coverage …
Miami’s National Hurricane Center reported that Hurricane Frances’ sustained wind speeds of have weakened somewhat, and the storm’s forward motion has slowed; however the NHC warned that Frances is “still a dangerous category three hurricane.” Frances continues to move toward …
MarketScout recently released its market barometer update for the month of August. According to Chairman and CEO Richard Kerr, “As of this writing, Hurricane Frances is looming off the coast of Florida. If Frances creates a loss of $1 billion …
Crawford & Company has announced that its board of directors has named Thomas W. Crawford as chief executive officer. Crawford assumed his CEO responsibilities effective Sept. 1, 2004. Jesse C. Crawford will continue to serve as interim chairman of the …
A Capitol Heights, Md., woman will pay more than $1,700 in restitution to the Injured Workers’ Insurance Fund (IWIF), Maryland’s largest workers’ compensation insurance carrier, after pleading guilty to false claim in Prince George’s County District Court on August 23, …
BASF has introduced a new workshop to help insurance company representatives understand the automotive refinish process. The one-day interactive “Refinish Principles for Insurers” workshop teaches participants about the coating products, systems and procedures used by collision repair technicians to make …
St. Paul Travelers and its subsidiary First Floridian have mobilized their Catastrophe Response Team to assist policyholders who may be affected by Hurricane Frances. Because of the company’s response to Hurricane Charley, more than 100 Catastrophe Team members are already …