ChannelPoint Inc., a provider of Internet-based business-to-business solutions has completed its acquisition of InsurQuote Systems. The combined company, called ChannelPoint Inc., has approximately 1,000 employees based in 11 offices across the country. The acquisition provides ChannelPoint with the ability to …
The results of Gomez Advisors’ Spring 2000 Internet Insurance Scorecard shows that, while leading firms continue to simplify online quoting and application processes, the Internet insurance industry has yet to fully embrace online quote-to-policy fulfillment. Of the 32 Internet insurance …
Standard & Poor’s placed all of its ratings Friday on Conseco Inc. and its subsidiaries on CreditWatch with negative implications. The company’s corporate credit rating was lowered to BBB+, as was senior debt. Preferred stock was reduced to BBB-. The …
New York state is considering possible action against German reinsurer Munich Re’s U.S. unit American Re over Holocaust-era insurance policies. The company had been issued an April 7 deadline to submit a list of unpaid Holocaust-era insurance policies to the …
Lloyd’s Chairman Max Taylor said last February that “electronic commerce is redrawing trading patterns,” and the members aren’t wasting time in implementing his vision. Lloyd’s announced that the Beazley syndicate has introduced “EazyPro”, an online system specialized in E&O, D&O, …
More than half of firms with sales between $5 million and $100 million are very satisfied with insurers’ understanding of their needs and the coverage they offered to meet those needs according to a recent business survey by the Insurance …
At a meeting last month at the Independent Insurance Agents of America’s Alexandria, Va. offices, several industry group leaders discussed IIAA’s initiative, Big “I” Markets, to use new technology to deliver insurance products to customers of independent agencies. Participants included …
InsureZone began offering business insurance coverage online Thursday at InsureZone.com. Policies available on the InsureZone web site are targeted to businesses with 50 or fewer employees. Coverage includes business liability, business property, workers’ compensation and umbrella liability insurance from several …
The Nebraska Unicameral has passed a bill implementing a file-and-use system for commercial insurance lines, exempting certain large commercial policyholders from the new rate and form filing requirements. Thresholds for exempt commercial policyholders will be established by rule. The bill …
The Michigan Department of Consumer & Industry Services has formally launched the Office of Financial and Insurance Services (OFIS). The new agency began operations Monday. Frank Fitzgerald is the new Commissioner of the OFIS, which has responsibility for regulating the …
