French-based AXA Group announced that its total consolidated revenues for the year 2001 were € 74.854 Billion ($65.44 billion), a 2.1 percent increase over the group’s 2000 results. Essentially AXA’s gross income stayed almost flat as revenues from life and …
The New York State Insurance Department will hold state-wide forums to assess the impact of Sept. 11 on the insurance marketplace, including the availability and adequacy of coverage to homeowners, small businesses and large commercial risks. The NYSID announced the …
According to an announcement by Halliburton Co., Chief Judge Judith Fitzgerald of the U.S. Bankruptcy Court, Western District of Pennsylvania has issued a temporary restraining order staying more than 200,000 pending asbestos claims against its subsidiary Dresser Industries, Inc. A …
SAFECO named Ed Heffernan, an executive with extensive federal government experience, as vice president of Government Relations. In his new position, Heffernan, 38, manages SAFECO’s nationwide legislative agenda and its relationships with key government agencies, including departments of insurance throughout …
Alaska has joined the growing number of states considering legislation to prohibit insurers from using credit-based insurance scores. “This legislation would result in higher insurance premiums for most consumers in Alaska,” asserted Michael Harrold, National Association of Independent Insurers (NAII) …
Arrowhead Financial Group recently acquired four companies to expand its financial planning services for consumers, according to the Los Angeles Times. Among the acquired include financial planning firm Gary Nichols & Associates, Rex Jackson of Inland Empire Investment Advisors, Redlands-based …
ISO is electronically connecting its Claims Outcome AdvisorTM (COATM), the leading bodily injury claims management system, with ISO ClaimSearch®, the property/casualty industry’s most comprehensive all-claims database. “Bodily injury claims reported to ISO ClaimSearch will be available in COA without redundant …
A number of leading trade associations and individual companies have joined together to speak for business insurance policyholders as part of a continuing effort to win passage of a terrorism insurance plan on Capitol Hill. Among the members’ concerns are …
Suggested changes to the National Association of Insurance Commissioners’ (NAIC) Market Conduct Record Retention Model Regulation could require that state legislatures amend existing statutes in order to achieve compliance. The National Association of Independent Insurers’ (NAII) Market Conduct Subcommittee of …
Ohio Department of Insurance Director Lee Covington announced that Ohio is among the first states to no longer require insurance companies to make paper financial statement filings to the Department of Insurance. The Department has eliminated almost all of the …
