Reflecting new concerns about possible health effects from mold, a Congressional subcommittee held hearings July 18 on “Mold: A Growing Problem.” Submitting testimony on behalf of the apartment industry, the National Multi Housing Council (NMHC) and National Apartment Association (NAA) …
First Floridian Auto and Home Insurance Co. of Tampa was recently recognized by the Federal Emergency Management Agency (FEMA) for its work as the first insurer to sponsor construction of a “Fortified…for safer living” home. The “Fortified” program is a …
The Commerce Group, Inc. has entered into an agreement with MassWest Insurance Company for the transfer of Massachusetts personal automobile business written by MassWest to The Commerce Insurance Company, effective Nov. 1. Under terms of the agreement, Commerce Insurance shall …
New Jersey-based Selective Insurance Group, Inc. has announced plans for a new “24×7” Claims Service Center in 2002—a value-added option for Selective’s independent agents and their customers. The center will be staffed with trained company personnel who will receive loss …
William Kronenberg III will deliver the keynote address at the Target Markets Program Administrators Association National Summit meeting scheduled for Oct. 21 – 24 at the Tempe Mission Palms in Tempe Ariz. Kronenberg is the founder and former CEO of …
The A.M. Best Company has again assigned a rating of “A” (Excellent) to the Cooperative of American Physicians, Inc.-Mutual Protection Trust (CAP-MPT), a provider of medical professional liability protection for more than 6,500 California physicians. CAP-MPT’s “A” mark is the …
In its largest bust to date, the Los Angeles County Organized Auto Fraud Interdiction Task Force and 120 law enforcement officers and investigators executed arrest warrants July 16 for 28 individuals charged with insurance fraud and conspiracy in conjunction with …
Standard & Poor’s revised the outlook on its “BBB” long-term rating on Fuji Fire & Marine Insurance Co. to stable from negative, based on the insurer’s relatively strong capitalization, more focused corporate strategy, and enhanced financial flexibility supported by its …
A.M. Best Co. affirmed the financial strength rating of “A-” (Excellent) of UIA (Insurance) Limited, United Kingdom. The company’s excellent level of surplus and its niche position in the U.K. household insurance market prompted the affirmation. A.M. Best also views …
Travelers Property Casualty Corp. reported that operating income increased 14 percent over the prior year quarter to $356.8 million or $0.36 per share compared to $314.3 million or $0.31 per share for the prior year quarter (adjusted to reflect the …
