The U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) has obligated more than $1.6 million to the Washington State Department of Ecology under FEMA’s Cooperating Technical Partners (CTP) program to help transform Washington flood maps into more reliable, …
Symbility Solutions Inc., a wholly owned subsidiary of Automated Benefits Corp., has reached a five-year, multi-million dollar agreement with The Economical Insurance Group to adopt and rollout the Symbility mobile claims system for all of its property claims across Canada. …
A transition team composed of Texas Department of Insurance and Texas Workers’ Compensation Commission staff has begun planning implementation of the organizational and policy changes to the Texas workers’ compensation system enacted in House Bill 7. TDI announced it is …
The Tillinghast unit of consultants Towers Perrin has announced plans to launch its Commercial Lines Insurance Price Monitoring Survey (CLIPS). Tillinghast said it had “initiated the survey to meet the insurance industry’s need for better historical benchmark information regarding pricing …
The U.K.’s Office of Fair Trading (OFT) has published a study that highlights “key improvements” in Britain’s liability insurance markets. These include: “Lower increases in premiums, better communication between insurers and policyholders and a reduction in the number of businesses …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Japan’s Mitsui Sumitomo Insurance Company Limited with a stable outlook. “The rating reflects Mitsui Sumitomo’s superior capitalization, strong business profile supported by steady growth …
A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of Hong Kong’s Sun Hung Kai Properties Insurance Limited (SHKPI) with a stable outlook. “The rating reflects SHKPI’s consistent operating performance, low level of net …
Florida’s Chief Financial Officer Tom Gallagher has urged Insurance Commissioner Kevin McCarty to reject a 36.7 percent rate increase request by Cincinnati Indemnity Company/Insurance Company. “After directing our Consumer Advocate’s office to review the request for an increase, our team …
Until now, measuring quality related to claims administration has reportedly been time consuming, labor intensive, and completely subjective. Now, Atlanta-based Crawford & Company can objectively measure quality in 100 percent of its Risk Management Services claim files with the system …
The Property Casualty Insurers Association of America (PCI) is urging Connecticut Gov. Jodi M. Rell to use her veto power on a medical malpractice insurance bill which fails to provide meaningful relief to doctors and imposes excessive regulations on insurers. …