The Texas Association of Insurance and Financial Advisors (TAIFA) installed Michael E. Myers as its president during the association’s 77th annual convention in Austin recently. A resident of Fort Worth, Myers has more than 31 years of experience in the …
“It is a complete agency management system,” said Craig Fuher, of XDimensional Technologies latest agency automation solution Nexsure, a Web-based program based on the Microsoft technology platform. The software, designed specifically for independent agents to help better manage their agencies, …
Kenneth Bollier, president of the American Association of State Compensation Insurance Funds (AASCIF), recently met with U.S. Senator Charles Schumer (D-New York) and the staffs of Senators Barbara Boxer (D- California) and Chris Dodd (D-Connecticut) to underscore that passage of …
A.M. Best Co. has placed the “A” (Excellent) financial strength rating of PMA Capital Insurance Company and the “A-” (Excellent) rating of PMA Insurance Group under Review with Negative implications. Additionally, the “A” (Excellent) financial strength rating of Caliber One …
Farm supply cooperatives and grain elevators in the Midwest are in a difficult situation regarding insurance, according to an Associated Press report, as those operations face skyrocketing premiums even if they are able to find coverage. Only one of the …
Standard & Poor’s has revised its outlook on French non-life insurer Abeille Assurances to “positive” from stable.” The change, said S&P, reflects “the likelihood of an upgrade by the end of this year when the company is expected to change …
The hard market is having a serious effect on information processing according to a panel of experts established to discuss market conditions by Lloyd’s. Lloyd’s announcement indicated that a number of “underwriters and brokers said that as the number of …
Standard & Poor’s assigned its single-‘A’ counterparty credit and insurer financial strength ratings to U.K.-based Wellington Reinsurance Ltd; while A.M. Best rated the London based reinsurer A (Excellent). The company was established by Wellington Underwriting plc, which owns 46.3% of …
The New York State Insurance Department announced that non-resident insurance agents can now obtain a license on-line through the National Insurance Producer Registry (NIPR), the national licensing system. New York is one of 10 states participating in the national licensing …
State Farm Indemnity, New Jersey’s largest auto insurer with around 735,000 policyholders, has reached agreement with the governor and the NJ Department of Banking and Insurance (DOBI) to delay its withdrawal from the state’s auto market for three years while …
