Standard & Poor’s has assigned an ‘R’ rating (under regulatory supervision) to PHICO Insurance Co., following the granting of the Pennsylvania Insurance Department’s petition to place the insurer under its supervision. The PDI obtained the Order of Rehabilitation following a …
A Southern California woman was arrested in her home in Palmdale, Calif. and booked at the Lancaster Sheriff’s Station following an investigation by the California Department of Insurance (CDI) Fraud Division. Ruth Ekong, 61, had her bail set at $437,790, …
According to the Los Angeles Times, Mercury General Corporation has made filings with the California Department of Insurance requesting an additional 4.9 percent to 6.9 percent increase in auto rates, depending on the type of coverage. The request, which was …
Docucorp®, a provider of enterprise information solutions, announced the integration of numerous XML components within its core technology. According to the company, with a product set that already addresses the complete enterprise information lifecycle (acquire, manage, personalize and present), Docucorp …
The National Association of Mutual Insurance Companies (NAMIC) wants regulators to reject demands for legislation modeled on California’s Proposition 103. The Improvements to State-based Systems (IS3) Working Group of the National Association of Insurance Commissioners (NAIC) heard the demands while …
Despite explosive growth in traffic, many insurance Internet sites fail to measure up to competing bank and brokerage sites, according to a recent eInsurance study by Booz-Allen & Hamilton, a worldwide management and technology consulting firm. Insurance company sites do …
A new law going into effect Aug. 28 repeals the state residency requirement for surplus lines insurers in Missouri. The law, enacted as Senate Bill 605, allows the director of insurance to issue surplus lines licenses to qualified nonresidents, said …
Thousands of people came to the Indiana Convention Center and RCA Dome Saturday for the Indianapolis stop of the 2001 Chubb’s Antiques Roadshow summer tour, anxious to find out how much their personal treasures were worth. But while show attendees …
Michael Bright, the founder and former CEO of the U.K.’s failed Independent Insurance Co., announced yesterday that he was unable to pay an estimated £5 million ($7.25 million) in debts and had filed for personal bankruptcy earlier this month. Bright, …
One might begin to consider AIG’s deal to acquire three Hyundai financial units as as a perfect example of Yogi Berra’s famous line that “it’s never over ’til it’s over.” No sooner had the ink begun to dry on a …
