Foremost Insurance Co., a Michigan-based insurer providing mobile home coverage, announced a gradual increase in claims in the wake of recent flooding in Texas. A.M. Best reports that the company has so far received 270 claims for flood damage to …
Gov. Bob Holden late last week signed a bill regulating insurers’ use of credit- based insurance scores in auto and property insurance. National Association of Independent Insurers (NAII) Counsel Ann Weber said representatives of insurance companies and agents worked extensively …
New York Insurance Superintendent Gregory V. Serio’s decision to allow insurers to build “catastrophe loads” into their workers’ compensation reserves is a positive step toward dealing with potential disasters, according to the American Insurance Association (AIA). “Workers’ compensation insurers who …
Pennsylvania Gov. Mark Schweiker has signed House Bill 599, enabling surplus lines insurers to change or adopt new commercial policy forms without first getting approval from the state insurance department. “Surplus lines insurers now will be able to adapt their …
Zions Bank, a subsidiary of Zions Bancorporation, and Grant-Hatch & Associates, Inc., a Salt Lake City-based insurance agency, announced an agreement has been signed under which Zions will acquire Grant-Hatch. Under terms of the agreement Grant-Hatch will continue to operate …
Compass Bancshares, Inc. has completed its acquisition of Schaefer-Smith- Ankeney Insurance Agency, L.C., a Phoenix, Arizona based full-line general insurance brokerage firm. Schaefer-Smith-Ankeney specializes in providing commercial lines property and casualty insurance to clients based in Phoenix and the southwest. …
San Diego-based HNC Software Inc., a provider of high-end analytics and decision management software, announced that the first deployment of HNC Decision Manager for Underwriting has been completed for Unitrin Multi Lines Insurance, the multi line property and casualty insurance …
Hawaii Gov. Ben Cayetano has signed into law a bill on captive insurance that makes Hawaii’s premium tax structure more equitable for captive insurers, while maintaining an adequate fund base for the ongoing monitoring, regulation, and development activities of the …
Ten days after shutting down due to fast-rising malpractice insurance rates, Nevada’s lone top-level trauma center reopened its doors July 14, according to the Las Vegas Review-Journal. The county-run trauma center shut its doors earlier in the month after all …
Bermuda-based PartnerRe Ltd. named Tad Walker as the Group’s Head of Catastrophe. Walker will be responsible for PartnerRe’s worldwide book of catastrophe business and will manage the underwriting team based in Bermuda and Zurich, as well as the research and …
