In a letter addressed to American Equity agents and brokers dated March 27, president & CEO Eugene Keating announced the termination of operations of Scottsdale, Ariz.-based American Equity Insurance Company (AEIC) under parent company Travelers Property Casualty. Keating further stated …
Gov. Dirk Kempthorne signed Senate Bill 1408, restricting insurers’ use of credit-based insurance scores, earlier this week despite being urged by several insurers and trade groups to veto it. National Association of Independent Insurers (NAII) Northwest Regional Manager Michael Harrold …
American International Technology Enterprises, Inc. (AITE), a member company of the American International Group, Inc. (AIG) and a provider of insurance systems and solutions, introduced WINS® Digital, web-based property-casualty insurance processing software that offers insurers the ability to improve customer …
Liberty Mutual has licensed ISO Claims Outcome AdvisorTM COA ™, a bodily injury claims management tool, from Insurance Services Office, Inc. (ISO) to help the company manage its personal auto bodily injury claims. COA is the industry’s first object-based solution …
W. R. Berkley Corporation announced that during the first quarter of 2002 it contributed an additional $50 million of capital to Berkley Insurance Company, the lead insurance company of the Berkley Group. The capital contribution is in addition to $44 …
A Chicago couple has been convicted of scamming the Chicago Housing Authority and several insurance companies by allegedly using proceeds totaling more than $19 million collected as a result of falsified insurance reports for personal gain, according to the Associated …
Minnesotans may need to brace themselves for a sharp rise in auto insurance premiums as a result of legislation recently signed by Gov. Jesse Ventura that severely restricts insurers ability to contain medical costs covered under personal injury protection (PIP) …
Standard & Poor’s announced that it affirmed its single-‘A’-minus long-term counterparty credit and insurer financial strength ratings on Brit Insurance Ltd., and then withdrew the ratings at the request of Brit’s management. “Brit is consequently no longer subject to continuous …
Crawford & Company International Inc. announced that it has opened a new office in Auckland, New Zealand, which will operate as Crawford & Company New Zealand Ltd. Stephen Pomfret will serve as managing director and additional offices and staff will …
Bermuda’s PXRE Group Ltd. announced that the Insurance Commissioner of the State of Connecticut has approved the pending $150 million equity investment by Capital Z Financial Services Fund II, investment funds managed by Reservoir Capital Group and Mr. Richard Rainwater, …
