Beginning in June, The Hartford Financial Services Group Inc. will begin providing agencies with the ability to complete applications and receive and accept binding insurance quotes in real time through their agency management systems. “We’ve piloted the process with agents, …
First Media Insurance Specialists has recently become the media liability program administrator for SAFECO Property and Casualty Companies. First Media policies offer seamless coverage against known and unforeseen media liabilities through an “open peril” policy. The company, based in Kansas …
Automobile manufacturers that did not install airbags before they were required to do so by federal law are safe from lawsuits, at least for now. The Supreme Court ruled on May 22 that Americans who are injured in accidents may …
Green Bay, Wis. became the backdrop this week for a series of American Express Property Casualty television commercials that will begin airing this summer. It is the first time Am/Ex PC, the auto and home direct insurance division of American …
Missouri has become just the second state this year to pass legislation streamlining insurance producer licensing, action that 27 other states must take by November 2002 to meet a federal mandate. The Missouri legislature also took other significant actions involving …
While awaiting Wednesdays vote on PNTR in the House of Representatives, China continues to draw closer to membership in the World Trade Organization (WTO). On Monday, Australia and China formalized an agreement that had been accepted in principle last year. …
Rhine Re, a Swiss-based global reinsurer, which is a subsidiary of U.S. buyout firm Kohlberg Kravis Roberts & Co. (KKR), announced that it has agreed to acquire London-based Imperial Fire & Marine Re-Insurance Company. The announcement of the purchase didn’t …
Zurich U.S., the American subsidiary of Anglo-Swiss multinational insurer Zurich Financial Services, announced that it has placed a political risk policy in Turkey, covering $20 million worth of private placement bonds. The Zurich U.S. policy enabled a Turkish newspaper company …
InsureConnection.com has launched its new site for insurance shoppers, allowing online consumers to compare personal insurance quotes from a variety of companies. Quotes are currently available for life, auto and property, with additional products and insurers to be added in …
Six insurance businesses in four states have been searched by federal agents looking for evidence of fraud involving viatical settlements. Agencies in Lexington, Ky., Grand Rapids and Byron, Mich., Lorain and Loveland, Ohio, and Atlanta were all searched. According to …
