The Independent Insurance Agents & Brokers of America (IIABA) has joined the Asbestos Alliance, a coalition of businesses, associations and other groups advocating a fair solution to the growing asbestos-litigation problem. The Alliance is working for congressional enactment of a …
State regulators are gearing up for the next round of privacy proposals that will require a company to create a written information security program for the protection of their customers’ personal information. The programs must include administrative, technical and physical …
The Texas Department of Insurance will host its 9th Annual Opportunity Fair Aug. 13, 2002 from 9 a.m. to 12 p.m. at 333 Guadalupe, Austin, Texas. The forum will focus on professional services for TDI’s special duty receivers (SDR) program, …
Dallas-based International Risk Management Institute, Inc. (IRMI) has deployed its newest and most efficient method of accessing reference tools, IRMI Online. IRMI Online is designed for direct access to the more than 22,000 pages (in print format) of IRMI insurance …
Illinois-based RLI Corp.’s second quarter results generated net earnings of $10.0 million ($.97 per diluted share), compared with $8.2 million ($.82 per diluted share) from the same quarter in 2001. This result includes net operating earnings of $9.3 million ($.90 …
Michigan-based Meadowbrook Insurance Group Inc. announced the company has used $57.5 million of the $61.3 million raised in its recent public offering to reduce its debt and add to its insurance company subsidiaries’ surplus. It paid down its $47.0 million …
Five new members have been elected to the Board of Directors of the New York- based International Insurance Society, Inc., a nonprofit group of 800 senior executives and academics in insurance from 90 nations. The new Board members include: Edmund …
A.M. Best Co. has affirmed the A (Excellent) financial strength rating of U.S.- based Mapfre Reinsurance Corporation (MRC), Florham Park, N.J. The outlook is stable. The affirmation reflects A.M. Best’s continued view of the company as being strategically important to …
The Alliance of American Insurers expressed satisfaction with the decision by the Montana State Fund to postpone introduction of a bill that would have transformed the fund into a mutual insurance company in a format that lacked direct regulatory oversight, …
State Farm’s California management has given the go-ahead for a statewide consolidation of claim and business administration offices, including the closing of the major operation centers in Westlake Village and Costa Mesa. In addition, the company plans to go from …
