Agents have faced the problem ever since insurance companies first introduced applications. Each company had its own form, so the agent who wanted to submit the same account to several underwriters had to write the same information over and over …
The State Corporation Commission (SCC) has scheduled a November hearing to consider a request filed by the National Council on Compensation Insurance, Inc. (NCCI) to adjust the premium levels charged for workers’ compensation insurance in Virginia. Workers’ compensation insurance provides …
The number of people registering online for the Professional Insurance Agent’s education courses has doubled for the third year in a row, according to the Professional Insurance Agents Associations of Connecticut, New Hampshire, New Jersey and New York. “We had …
South Carolina-based The Seibels Bruce Group Inc., posted a net profit of $1.0 million, or $0.11 per share (basic and diluted) in the second quarter This is compared with a net profit of $1.1 million, or $0.13 per share (basic …
The Texas Coalition for Affordable Insurance Solutions has been created as a proactive alliance of insurance providers and trade organizations committed to working with legislators, regulators, consumers and others to find public policy solutions that will improve insurance affordability and …
Michigan-based Amerisure Mutual Insurance Company received the 2001 Outstanding Carrier Award, presented by the Arkansas Workers’ Compensation Commission (AWCC). Amerisure has received this award four times in the last six years. T he award was presented at the AWCC-sponsored convention …
California-based QualCorp, Inc. has released FormsPlus XP. FormsPlus XP is the faster, improved version of issuance/administration software for carriers and MGA’s. Effective immediately, FormsPlus XP has implemented the following upgrades: • Easier and more reliable initial installation routines • Use …
Approximately 2,000 married Nevada State workers will see their health insurance premiums take a hike by nine percent in January, according to an Associated Press report. Some 3,000 State employees however, whose policies cover their children, will see their premiums …
Marsh & McLennan Cos. is currently in talks to purchase Benfield Greig Group PLC, a reinsurer based in London, for about $1 billion, according to a Dow Jones report. By taking on privately held Benfield, New York-based Marsh & McLennan, …
Standard & Poor’s has published enhanced criteria for analyzing the eligibility of new classes of hybrid capital issued by insurers and banks. The article, “Mandatory Convertibles: New Hybrid Capital Criteria for Banks and Insurers”, is available on RatingsDirect, Standard & …
