Silverstein Properties, the master leaseholder of the WTC and General Motors Acceptance Corp. (GMAC), one of its principal lenders, have reportedly settled a dispute over the distribution of insurance proceeds relating to the destruction of the twin towers. GMAC sued …
The Automobile Club of Southern California has licensed Claims Outcome Advisor ™ (COATM), an injury claims-management solution from ISO Claims Services, Inc., a subsidiary of Insurance Services Office, Inc. (ISO), to manage its personal injury claims business, identify market trends …
Seven of Hawaii’s largest auto insurance companies who have been under investigation for allegedly using prohibited criteria to determine premiums, have agreed to pay fines totaling $115,500. The seven companies—AIG Hawaii, Allstate Group, RLI, Maryland Casualty Company (Zurich), Hartford, State …
The California Department of Insurance (CDI) applied for and was granted a Conservation Order April 11 in Fresno County Superior Court for Alistar Insurance Company. The CDI has been working with the company in the past weeks reviewing a rehabilitation …
InVEST, an education program to strengthen the insurance industry by attracting a large pool of qualified recruits, is seeking items for its annual “Silent Auction” being held Sept. 21-22, 2002 in conjunction with the Independent Insurance Agents of America’s New …
The Alea Group has joined ACORD, the global insurance standards body, to participate in defining e-commerce standards for the international Insurance and Reinsurance sector. Alea’s aim is to contribute to, and support, ACORD’s efforts to develop and deploy standards, using …
ACE USA announced that it would provide a specialist solution to several specific industry classes with a shortage of terrorism related insurance capacity. The ACE terrorism insurance product is focused on U.S. and Canadian commercial property accounts in the utility, …
The Alliance of American Insurers has voiced its initial support for the Cheaper Car Insurance Act, which would make auto fraud a federal crime punishable by as long as 15 years in prison and as much as $100,000 in fines. …
Diminished value, direct repair, salvage title and competitive crash repair parts top the National Association of Independent Insurers’ (NAII) automotive issues public policy agenda this year, the NAII announced. During an address at the Automotive Service Association’s Annual Convention in …
WASHINGTON, D.C.—The chairman of the powerful House Financial Services Committee said here April 11 that he likes the chances for eventual passage of a federal government backup for terrorism insurance. Rep. Mike Oxley (R-Ohio) reminded the annual Legislative Conference of …
