The Catastrophe Risk Exchange (CATEX) handled its five hundredth transaction earlier this week. The company also reports that $425 million in premium has been transferred by CATEX subscriber markets representing over $2.9 billion in limit bound by the transactions. CATEX …
California Insurance Commissioner Chuck Quackenbush refused to testify before a legislative committee Tuesday upon the advice of his attorney, saying he would not walk into a “political ambush.” “I have become increasingly concerned that this Committee’s agenda is less about …
California-based Century-National Insurance joined forces with Guardian Angel Holdings Inc., creator and marketer of the Guardian Angel One-Step Alcohol Test™, to reduce the risk of alcohol-related accidents and deaths. The saliva-based test, packaged in casing the size and shape of …
While continuing to monitor the disaster situation in New Mexico, the companies of Foremost Insurance Group is extending premium payment deadlines to customers living in Rio Arriba, Los Alamos, Sandoval and Santa Fe counties that have bills due between May …
Rating Services has introduced a national property and casualty Internet quoting service, QuoteNETWorks.com. The system, offering personal auto, homeowners and business owners’ policies, leverages Rating Services’ existing inventory of rate plans, which the company claims is the largest desktop property …
An alliance between Home Depot and Allstate Insurance Co. has the home improvement retailer supplying materials for home repairs to Allstate customers. The alliance started in January, but was not announced until this week. The alliance is expected to save …
Houston-based Risk International and The Simon Wiesenthal Center have accessed German archives containing thousands of registries of seized Jewish assets. The discovery could help Holocaust survivors and their heirs recover the assets, which were stolen by the Third Reich. The …
State Farm Insurance Companies has shared claims data with The Children’s Hospital of Philadelphia on approximately 200 children of policyholders who agreed to participate in a multi-year, collaborative research study, Partners For Child Passenger Safety. Findings from a recently released …
Cybersettle, the leading online claims settlement system is set to launch its service in the U.K., and hopes to repeat the success it has had resolving claims in the U.S. The U.K. effort will be headed by two old insurance …
The CIAB has endorsed China’s entry into the WTO without reservation, predicting that it would open “a wealth of opportunity for the financial services industry.” CIAB Board member Jesse J. Watkins in testimony before the House Commerce Committee Finance and …
