Holland’s ING announced it had sold 14.7 million shares of its holdings in the Dutch-Belgian financial group Fortis, raising approximately € 400 million ($340 million), which will be used to fund its $791 million purchase of Mexico’s Seguros Comercial America …
The Pennsylvania State Senate earlier this week gave unanimous approval to an amendment proposed by Sen. Noah Wenger (R) which would give farmers continued access to state funds for subsidized crop insurance. Wenger aimed Senate Bill 793 at ensuring that …
ProcessClaims, an Internet claims solutions provider, formed a partnership with Ohio-based, CSi Complete, a Customer Satisfaction Indexing provider to the collision claims industry. ProcessClaims and CSi Complete integration now enables ProcessClaims’ customers to seamlessly move their data to CSi Complete …
Impact Community Capital announced that Nationwide Mutual Insurance of Columbus, Ohio, has joined its growing membership of California insurers committed to voluntary community investments. Nationwide officials said the decision to join Impact made good business sense and was consistent with …
A multi-million-dollar class-action lawsuit has been authorized by the board of directors of the National Auto Agents Alliance (NAAA) Board against several insurers. The lawsuit questions the legality of insurers reducing agent’s compensation expenses without reducing charges to consumers. The …
State insurance regulators need to address cost control issues and standardize their methods of statutory financial examinations for monitoring insurer solvency, according to a new white paper issued by the major property/casualty and life insurance trade associations. In “A Call …
Uniform Information Services Inc., a provider of information solutions for compliance professionals in the property/casualty industry, announced it has released AuthenticWeb™ for state filing. AuthenticWeb is a combination of Uniform’s traditional product offerings in insurance forms and forms manuals. The …
With over a year remaining on the November 2002 deadline, 25 state legislatures have enacted reciprocal producer licensing laws while bills in another 11 states are awaiting the governors’ signatures. The producer licensing legislation passing in states around the country …
Harleysville Insurance, a provider of property/casualty insurance, has increased the use of Magnify’s FraudScreen™ service to more efficiently identify suspect and fraudulent workers’ compensation claims. Chicago-based Magnify, a provider of advanced predictive analytics which financial services and e-commerce companies use, …
Wausau Insurance Companies decided to put to rest a program it started over a year and a half ago, stating reluctant business owners and poor performance as the major reasons it was stopping a new electronic outreach to small-business clients. …
