The California Association of Insurance and Financial Advisors (CAIFA) and the Professional Insurance Agents (PIA), two Sacramento-headquartered organizations that have worked together for years on legislative and other activities, have agreed to create a joint lobbying entity – the Coalition …
“The NAII will lose a respected and valuable member of senior management,” said NAII President Jack Ramirez, announcing that Senior Vice President, General Counsel and Secretary Michael P. Duncan, plans to retire April 1, 2002. “Mike joined NAII after a …
The American Insurance Association (AIA) has reiterated its strong opposition to any new federal ergonomics rule that would require mandated compensation levels or any other provision that would conflict or supercede the state-based workers’ compensation system. AIA spoke out in …
Results released from Weiss Ratings Inc.indicate that, even with a recession, only 40 insurance companies failed in 2001, a modest 5 percent gain over the 38 failures recorded in 2000. However, according to a Business Wire report, property and casualty …
Chicago-based InsuranceNoodle has reached agreement with the MetLife General Insurance Agency Inc. to offer 600 of their property/casualty licensed career agents with the InsuranceNoodle web-based small commercial insurance solution. The agreement allows for all of the MetLife career agents that …
Roberto Gavazzi, the CEO of Italian insurance group Fondiaria, which is being sought as a merger partner by both SAI, another Italian insurer, and Fiat’s insurance subsidiary Toro (See IJ Website Jan. 11) reportedly favors a very “European” solution – …
A.M. Best announced that it has downgraded the financial strength rating of France’s SCOR to A (Excellent) from A+ (Superior) and has removed the rating from under review. The new rating also applies to all of SCOR’s subsidiary companies, as …
Bermuda’s XL Capital Ltd announced that it has completed the acquisition of a 67% majority shareholding in Le Mans Re from Mutuelles du Mans Assurances (MMA), and, in an unrelated transaction, has acquired a minority interest in Stanfield Capital Partners …
The Hartford has filed a civil action in Morris County State Court against 27 New Jersey residents, charging that they conspired to stage motor vehicle accidents and fake injuries to generate hundreds of thousands of dollars in fraudulent claims. The …
Pennsylvania Insurance Commissioner Diane Koken announced the beginning of the State’s “Get Smart Week,” an awareness campaign aimed at helping consumers become more aware about their insurance policies and rights. The campaign aims to make Pennsylvanians better informed about the …
