Charter Partners USA Inc., a Hampton, N.J.-based creator of insurance purchasing groups for middle-market risks, announced that the Regional Alliance of Metalcasters has been formed as a new membership group. The Regional Alliance of Metalcasters (RAM) is an organization of …
A California Department of Insurance investigation resulted in the conviction of a Los Angeles woman to two years in state prison and fines of $160,000 for her part in an insurance fraud scam. Kathleen C. Ridgway, 37, was sentenced in …
AMS Services Inc., a provider of software and automated services to insurance professionals, and Channelpoint’s rating solutions group (formerly InsurQuote/IAS) announced their integration. AMS strategic management systems will be integrated with ChannelPoints windows desktop AgencySuite products. The first version of …
The Senate unanimously passed the Brownfields Revitalization and Environmental Restoration Act of 2001 by a vote of 99 to 0. The American Insurance Association (AIA) called the bill (S 350) good for cities, people, business and environment since it promotes …
American International Group Inc. (AIG), the largest underwriter of commercial and industrial insurance in the U.S., reported solid first-quarter results. AIG’s income, excluding the cumulative effect of an accounting change and net realized capital gains (losses) for the first quarter …
The National Association of Mutual Insurance Companies (NAMIC) named Peter A. Bisbecos as Legislative and Regulatory Counsel. NAMIC believes the appointment of Bisbecos will complement its ongoing lobbying in state capitals with in-house crafting of insurance legislation and regulation. NAMIC …
Residents of Kansas who receive health insurance generally pay more for premiums than in border states, and employees in the Jayhawk State typically pay much less out of pocket for their health coverage, following the release of a legislative post …
Swiss Re’s 2000 net profits rose 21 percent to SwFrs. 2.966 billion ($1.74 billion) on strong growth in all sectors, life, non-life, and return on investments. The company also announced a 20-for-1 stock split designed to “increase the liquidity of …
Holland’s ING Group agreed to sell Aetna Vida S.A., an Argentine life subsidiary it acquired last year as part of Aetna’s international operations, to AIG’s American Life Insurance Company for an undisclosed price. The Dutch group denied that the sale …
Old Mutual, a South African financial services company which trades on the London Stock Exchange, announced that it had agreed to purchase Fidelity and Guaranty Life Insurance Co., a Baltimore-based subsidiary of The St. Paul Companies, for $635 million in …
