A.M. Best Co. affirmed the financial strength rating (FSR) of “A” on PMA Capital Insurance Group, Philadelphia, and removed it from under review. The rating was placed under review Sept. 27, 2001, due to uncertainty regarding the potential impact of …
Infinity/Leader Insurance, a member of Great American Insurance Group, was recently approved by the California Department of Insurance to teach a four-hour CE course called “Professional Field Underwriting.” This is one of four training classes offered through the Infinity/Leader PASS …
The National Association of Insurance Commissioners (NAIC) received the “Golden Circle Award” in Human Resources Management from the American Society of Association Executives. The NAIC won the top award in the category, which recognizes leadership in the stewardship of association …
In reversing a lower court ruling, the Washington State Court of Appeals agreed that liability insurance is not designed to cover each drink served to an already intoxicated customer as a separate incident. The appellate court decision on Jan. 15 …
A new investigation by the Bureau of Automotive Repair (BAR) reveals widespread billing fraud and repair defects have continued across California, according to the Los Angeles Times. The 18-month investigation was spawned last summer due to escalating evidence of collision …
In reaction to President Bush’s State of the Union speech, the American Insurance Association (AIA) stated that the President’s focus on the continuing danger of another terrorist attack should remind Congress that America’s economic security continues to be at risk …
CEO Michael Segal of Chicago-based Near North Insurance Brokerage Inc., stepped down from his position Jan. 31 following his arrest for alleged mail and insurance. Segal, 59, the sole shareholder of Near North, is accused of embezzling money from the …
The controversy swirling around the use of credit-based insurance scores in underwriting auto and homeowners policies is one that Insurance Journal has touched upon with increasing frequency during the past few months. But going into 2002, what has happened most …
If it seems like you’re seeing more drivers with phones stuck to their ears, it isn’t your imagination. There are more than 88 million cell phone users in this country —40,000 new subscribers every day—and many of them are using …
There comes a time for many agencies when the owner is faced with the decision on whether or not to make a producer an owner of the firm. Like most important management decisions, there is no correct single answer. Why …
