Standard & Poor’s has lowered its counterparty credit and financial strength ratings on the members of Alabama-based Alfa Insurance Group (Alfa) to ‘AA-‘ from ‘AA’. Standard & Poor’s also said that it affirmed its ‘A-1+’ commercial paper rating on Alfa …
Arizona-based AMJ Logistics Inc. announced that RV Glass Solutions will begin to accept and process RV Glass claims using the eDirectGlass Claims Manager system. eDirectGlass is an Internet-based automated application that includes first notice of loss, point-of-sale, customer relationship management …
Seattle-based Safeco has taken the next big step toward fulfilling its mission of making the experience of buying, selling and owning insurance easier than anyone else. Safeco (www.safeco.com) has launched Safeco Now for Property/Casualty insurance – an online sales platform …
Atlantic Mutual closed the sale today of its subsidiary, Atlantic Specialty Insurance Company, and the renewal rights to select commercial insurance business, including the unearned premiums on the acquired book, to OneBeacon Insurance Company, after receiving regulatory approval. The overall …
MetLife Auto & Home and The Home Depot announce that they will be joining forces to provide repair materials and installation services for MetLife Auto & Home customers. This enhanced service will be available nationally to customers reporting insurance claims …
The Texas Department of Insurance announced it is seeking public input on Article 21.55A, as enacted 78th Texas Legislature, Regarding Water Damage Claim Handling Procedures and Time Frames. The purpose of Article 21.55A is to provide for the prompt, efficient, …
Houston-based Encore Bank named William Reed Moraw to manage its insurance agency operations. Encore said Moraw will become agency president upon completion of the bank’s acquisition of Town & Country Insurance Agency Inc. “We are fortunate to have an individual …
Maryland’s Injured Workers’ Insurance Fund announced the results of a recent survey, which gave the organization high marks for its services, especially from agents and brokers, 97 percent of whom said they “would recommend IWIF to their clients.” According to …
Today’s insurance companies enjoy new opportunities to increase margins and hold down rising claims costs by processing claims in a more prompt, effective and satisfactory manner. New technologies are reportedly creating opportunities to improve overall company performance, including better levels …
The property/casualty affiliates of Pennsylvania-based Erie Insurance Group recently received the A+ (Superior) rating from A.M. Best Co. The affirmed rating keeps Erie Insurance Group in the highest category (Superior) for financial strength. Only 8.6 percent of approximately 3,000 property/casualty …