Argonaut Group, Inc. announced that it has reached an agreement with SCOR Group to acquire the renewal rights and certain other assets of SCOR subsidiary Fulcrum Insurance Company, an excess and surplus lines’ underwriter concentrating in specialized property, transportation and …
The Arizona Legislature has unanimously approved an American Insurance Association (AIA)-sponsored bill that streamlines how Arizona insurers manage deductible workers’ compensation policies. HB 2276, authored by House Member Barbara Leff (R-Paradise Valley), allows loss adjustment expenses to be included within …
Diane Colborn, vice president of the Personal Insurance Federation of California (PIFC) remarked that SB 1763, a bill authored by Senator Deborah Ortiz requiring all property and liability insurance policies to cover mold claims in California after January 1, 2003, …
Insurance Services Office, Inc. (ISO) has made a significant equity investment in AscendantOne™ Inc., An insurance technology and services company, to deliver insurance rating and policy-management products that integrate ISO’s loss costs, manual rules and forms information with AscendantOne’s flexible …
Fitch Ratings has downgraded the Insurer Financial Strength ratings of the Kemper Insurance Companies (KIC) from ‘A-‘ to ‘BBB’. Additionally, Fitch has downgraded the surplus notes rating of Lumbermens (Lumbermens) Mutual Casualty Company, the lead property-casualty insurance underwriter of the …
Senator Christopher Bond, R-Mo., introduced S. 2084 last week, a bill to amend the Internal Revenue Code of 1986 to clarify the tax exemption for small property and casualty insurance companies. Monte Ward, Federal Affairs Vice-President of the National Association …
Marshall & Swift/Boeckh, a New Berlin, Wis.-based provider of building cost data and estimating services to the property insurance industry, has acquired the contents data from Total Research & Replacement (TRR), a 20-year-old full-service contents replacement firm and data provider …
The Nebraska Department of Insurance recently issued instructions to insurers and banks regarding their responsibilities under the USA Patroit Act of 2001, “Uniting and Strengthening America by Proving Appropriate Tools Required to Intercept and Obstruct Terrorism,” signed into law by …
The Ohio Department of Insurance announced that Governor Bob Taft signed Senate Bill 129, legislation crafted to streamline the insurance agent licensing process in Ohio. Sponsored by Senator Scott Nein (R-Middletown), ODI stated that the bill is an essential part …
The ongoing proposals by several lawmakers to make U.S. companies, notably insurers, who relocate to Bermuda subject to U.S. taxes, has drawn a terse response from Jennifer Smith, the island’s premier. “We don’t expect other countries to tell us how …
