According to the National Association of Independent Insurers, rental car companies would be the only beneficiaries of a bill to shift insurance responsibility now moving through the Arizona Legislature. Under current Arizona law — and the law of most states …
California-based Countrywide Credit Industries Inc., a diversified financial services provider, announced that two of its insurance subsidiaries, Balboa Insurance Company and DirectNet Insurance Agency Inc., have signed agreements with 21st Century Insurance. Under one agreement, Balboa assumed from 21st Century …
Seattle-based SAFECO Corp. has announced its plans to increase rates for its personal and commercial auto insurance policies in 2002. According to Associated Press, SAFECO president Mike McGavick stated the company’s intentions to increase auto insurance rates by 7 percent …
Strategic Insurance Software Inc. (SIS) provider of software and automation services to insurance agencies and carriers has entered into an agreement with IVANS Inc. to enhance agency-carrier policy detail interface by using WebSEMCI ™ in future generations of SEMCI PARTNER® …
Debra McClenahan has been appointed chief executive officer of CNA Re, one of the three major businesses of CNA insurance companies. McClenahan, who succeeds William J. Adamson, will have overall responsibility for strategic direction and profitable growth of CNA Re. …
Marsh & McLennan Cos. Inc. announced its fourth-quarter 2001 profit fell nearly 50 percent, impacted by several one-time items. Reuters reported the New York-based company owns mutual fund firm Putnam Investments, whose earnings and revenues dropped in the quarter as …
According to the Chicago Tribune, Michael Segal, CEO of Near North Insurance Brokerage, was arrested on Jan 26 and charged with insurance and mail fraud in a Chicago federal court. The formal complaint alleges that Segal diverted monies from a …
Sky Financial Group Inc. of Bowling Green, Ohio, has announced it will acquire the Celaris Group, Inc., a full-service insurance agency specializing in commercial and personal insurance services, financial services and group benefits for businesses. Celaris was formed Jan. 1, …
Members of the Indiana House Public Health Committee have scaled back a bill that would have directed state officials to recommend mold exposure limits and standards for the removal of mold. Instead, the revised measure calls for an informational study …
Standard & Poor’s announced that it has revised the outlook on its single-‘A’ long-term local currency credit rating on South Korea’s Samsung Fire & Marine Insurance Co. Ltd. to positive from stable, and has affirmed its single-‘A’ insurer financial strength …
