According to the National Association of Independent Insurers (NAII), a consumer privacy regulation proposed by the Missouri Insurance Department is contrary to state law because a third party claimant provision goes beyond the federal Gramm-Leach-Bliley (GLB) Act. In a letter …
QBE Reinsurance Corporation announced that its parent, QBE Insurance Group Limited, had made an additional capital contribution of $50 million. The contribution increases the policyholders’ surplus of QBE Reinsurance Corporation to over $200 million and the policyholders’ surplus of its …
Property/casualty insurance mass-marketers with agencies and carriers will address timely industry issues such as marketplace and carrier instability — and survival tools — at the 2001 Annual Conference of the International Mass Marketing Association (IMMA). The conference will be held …
Fremont General Corporation reported net income of $14,813,000 for the second quarter of 2001. This was comprised of net income from continuing operations of $14,284,000 and an after tax gain on the extinguishment of debt of $529,000. On a per …
Anderson & Murison, a California-based managing general agency, has implemented singleentry.com’s technology to web-enable two key insurance programs, Commercial Casualty and Personal Umbrella. Through its snakefeet subsidiary, singleentry.com provided 103 distinct main street business rating engines for Anderson & Murison’s …
ePolicy.com Insurance Services Inc. announced the launch of its nonprofit directors and officers (D&O) liability product, which the company states is the first in the industry allowing a nonprofit organization to purchase and receive a policy end-to-end via the Internet. …
Progressive Insurance and Nextel, a provider of fully integrated, all-digital wireless service, announced the availability of progressive.com on the Nextel Wireless Web. The agreement gives Progressive’s 30,000-plus authorized, independent agents exposure to Nextel’s Wireless Web customers via their Nextel Internet-ready …
Acceptance Insurance Companies Inc. completed the sale of two wholly owned insurance companies to McM Corporation, a Raleigh, N.C.-based insurance holding company and owner of Occidental Fire & Casualty Company of North Carolina and Wilshire Insurance Company. In addition, McM …
ebix.com Inc., an international supplier of software and e-commerce solutions to the property/casualty insurance industry, announced results for the second quarter ended June 30, 2001. ebix.com reported second quarter net income of $175,000 or $0.01 per share compared to a …
Top U.S. insurers are turning to the web to reduce communication costs with both agents and policyholders, says a new report titled “U.S. Insurance & the Web: An Overview” published by Celent Communications this week. Thirty-eight percent of the top …
