Through a services agreement with ConfirmNet Corporation, CNA this month will begin providing its agency force with CertificatesNow, an online certificate of insurance processing service. The first implementation of the CNA service will begin in Michigan. “CNA recognizes that the …
idNET, a provider of Internet solutions for independent agents, announced that Illinois-based Afni Inc. and Connecticut-based idNET along with its Arizona-based Artizan Computing group have merged their efforts to form a singular product and services focus to the 24 x …
Trinity Universal Insurance Company, a subsidiary of Unitrin Inc., has reached an agreement in principle to acquire the personal lines property and casualty insurance business of the Kemper Insurance Companies in a cash transaction. Kemper’s Individual and Family Group business …
WASHINGTON – Though other Capital insiders are less optimistic, Sen. Christopher Dodd thinks impediments to passage of a government-backed terrorism insurance measure can be negotiated away in a hurry. “I think, I believe we can do this in two weeks,” …
Gallagher Bassett Services Inc., a property and casualty third party administrator unit of Itasca, Ill.-based Arthur J. Gallagher & Co., announced the intent to acquire Mountainview Software, a claims management technology provider based in Layton, Utah. MountainView Software’s primary product, …
A report from Dow Jones indicates that France’s AXA Group plans to increase the capitalization of its Corporate Solutions Division with a cash injection of between € 500 million and € 1 billion ($441 million and $882 million). The Division, …
A.M. Best announced that it has affirmed the financial strength rating of A+ (Superior) of Bermuda-based Everest Re Group for all of its “core operating reinsurance and insurance subsidiaries as well as the ‘a” debt rating of the unsecured senior …
Paris-based SCOR Group announced that it has reached a definitive agreement to sell its Fulcrum surplus lines business unit, based in Scottsdale, Arizona, to the Argonaut Group, Inc. of San Antonio, Texas. Neither the price nor the specific terms were …
Munich Re announced that it will be granted a reinsurance license by the Chinese government, “the first such license to be issued to a foreign company to operate as a reinsurer in the People’s Republic of China.” The decision coincides …
Holly Bakke, New Jersey’s newly appointed Banking and Insurance Commissioner, is reportedly seeking a compromise with State Farm Indemnity Co., the state’s largest automobile insurer, before July 1, when a decision is due on the terms for the company’s withdrawal …
