Standard & Poor’s has affirmed its double-‘A’ long-term counterparty credit and insurer financial strength ratings on the operating entities of Paris-based global insurance group AXA, as well as its single-‘A’-plus long-term counterparty credit ratings on AXA and AXA Financial Inc., …
The American Insurance Association has issued a statement expressing its disappointment at the rejection by New York’s Insurance Superintendent Gregory V. Serio of the model terrorist risk exclusions proposed by the NAIC (See IJ Website, Jan.9), and said that it …
A bulletin issued by the The Independent Insurance Agents Association of New York indicated that its top legislative priority for 2002 would be “healing New York’s rapidly deteriorating automobile insurance market, which remains crippled by governmental inaction during 2001.” Allstate, …
Cal-Surance Associates Inc. a national insurance sales, service and support organization comprising many diverse and specialized programs, has acquired the Gail H. Murrell Insurance Agency. Cal-Surance focuses on specialization and service quality to answer the specific needs of its clients …
According to the Los Angeles Times, after a three-year experiment, California-based 21st Century Insurance has decided to stop selling homeowner insurance in the state. Instead, 21st Century will refer customers to DirectNet Insurance Agency Inc., a subsidiary of Calabasas-based Countrywide …
The CPA Advantage ™ Professional Liability Insurance program (managed nationally by the Herbert H. Landy Insurance Agency of Needham, Mass. and underwritten by the Chicago Insurance Co., a subsidiary of Fireman’s Fund/Interstate Insurance group) has formed a new alliance with …
As insurance companies encounter a growing number of toxic mold and mildew-related claims, the industry needs to be acutely aware of health risks associated with the problem, as well as coverage considerations, public education efforts and cost containment issues, according …
In a move to put together solid evidence of turmoil in the insurance and financial service markets, senior Bush administration officials privately called on business groups, stating it will be hard to win congressional support for terrorism-insurance legislation without specific …
The Indiana Department of Insurance announced that due to legislative changes effective Jan. 1, the renewal invoices for licenses expiring in January and February are being mailed out the second week in January. Licensees whose licenses expire Jan. 31 will …
Alleghany Corporation acquired insurance holding company Capitol Transamerica Corporation of Madison, Wis., in a transaction that gives holders of Capitol Transamerica common stock $16.50 in cash for each outstanding share of common stock. Capitol Transamerica will operate under its own …
