Ohio has introduced ECHO (Expedited Complaint Handling Option), becoming the first state to launch a web-based application that allows the Department of Insurance to more effectively share consumer complaint information with the state’s licensed insurance carriers, Director Lee Covington announced. …
Missouri Department of Insurance Director Scott B. Lakin named Albert A. Riederer of Kansas City as the new special deputy receiver for the Transit Casualty Co. receivership. Transit Casualty—once the world’s largest insurance insolvency—is completing liquidation of its assets. Riederer …
Atlanta-based attorney Tom Player, who chairs the Insurance group at Morris, Manning & Martin, LLP, announced that he plans to propose the adoption of a global definition of terrorism for the insurance industry at the opening session of the 2002 …
James S. Kemper, Jr., the former head of the Kemper Insurance Companies who transformed the mutual insurance company his father founded in 1912 into a major financial services complex, died July 2 at the age of 88. Kemper joined the …
India’s WNS (Holding) Ltd., one of a number of companies on the sub-continent which specialize in providing back office services, will acquire the U.K.’s Town & Country Assistance, an insurance claims management service, for an undisclosed amount. While located in …
The American Insurance Association (AIA) is calling on the National Association of Insurance Commissioners (NAIC) Privacy Issues Working Group to withdraw a proposed amendment to the model privacy regulation. The proposed amendment would require insurers to provide privacy notices to …
As part of the ongoing restructuring of its reinsurance operations Bermuda’s XL Capital Ltd announced that James H. Veghte has been appointed President, COO and Chief Underwriting Officer of XL Re Ltd, one of its principal reinsurance units. Veghte is …
The property/casualty insurance industry recorded its first-ever net loss after taxes in 2001, stemming from sharply higher underwriting losses and substantial deterioration in investment results, according to Insurance Services Office Inc.’s (ISO) “Insurer Financial Results: 2001” Insurance Issues Series study. …
Vanguard Fire & Casualty Company, of Winter Park, Fla., has promoted Sidney Bright to the position of chief underwriting officer. His responsibilities include managing the insurance company’s underwriters and customer service representatives, as well as overseeing the servicing of policyholders …
The board of directors of Atlanta-based ebix.com Inc. has appointed Robin Raina as chairman of the company. Raina also serves as president and CEO. He was re-elected a director at the company’s annual stockholders’ meeting on May 31, and then …
