The American Insurance Association (AIA) hailed the beginning of a new era in consumer privacy protection, confirming that insurers already have measures in place to comply with the new privacy regime resulting from the Gramm-Leach-Bliley Act (GLBA). This new federal …
According to the National Association of Independent Insurers (NAII), the Ohio House Insurance Committee approved legislation that repeals recent state supreme court decisions that have threatened the Ohio insurance marketplace. The NAII maintains that SB 97 fixes the Linko decision …
The Midland Company, based in Cincinnati, Ohio announced that American Modern Insurance Group, its wholly owned specialty insurance subsidiary, has formed a strategic alliance with Amica Mutual Insurance Company, the nation’s oldest mutual insurer of automobiles. The alliance allows Amica …
Several big creditors of failed Australian insurer HIH are pressing ahead with lawsuits in the U.S. aimed at stopping Tony McGrath, the KPMG partner appointed as provisional liquidator, from marshaling HIH’s U.S. assets to pay creditors outside of the U.S., …
Britain’s Royal & Sun Alliance is in advanced talks with PricewaterhouseCoopers, the liquidators for Independent Insurance, to acquire more parts of Michael Bright’s failed company. RSA has already agreed to takeover around 250,000 of Independent’s existing policyholders, and has hired …
Germany’s Allianz continued its move into Eastern Europe with the announcement that it would acquire a 45 percent interest in Rosno, Russia’s third largest insurer, from its parent company AFK Sistema for an undisclosed amount. Allianz becomes the first major …
Pennsylvania Governor Tom Ridge has signed House Bill 2, which provides for the distribution of 12 percent of the tobacco settlement funds the state will receive to establish tobacco prevention and tobacco treatment programs on a local and statewide basis. …
The Joint Insurance Committee of the Massachusetts Legislature has given a favorable report on a self-audit privilege measure supported by the American Insurance Association. The bill, which would not be retroactive, would protect documents and related materials, employed by insurance …
According to a new study from State Farm the most dangerous intersection in the country is in Pembroke Pines Florida, where 357 accidents occurred over the last two years, but Philadelphia’s Roosevelt Boulevard occupied the number 2 and 3 spots …
A.M. Best dropped the financial strength ratings on two California workers’ comp carriers–Encino-based Republic Indemnity Insurance Pool and Woodland Hills-based Zenith National Insurance Group– from “A” to “A-“. The move reflects the carriers’ relative concentration in the California workers’ comp …
