Gary Mendoza, Republican Nominee for Insurance Commissioner, has criticized John Garamendi’s attempt to reportedly create more political patronage positions in the Department of Insurance. A recent column by Sacramento Beenewspaper’s Dan Walters reportedly indicates that Garamendi sought a provision in …
Hamilton, Bermuda-based Mutual Risk Management Ltd. (MRM) joined the ranks of companies facing charges of corporate mismanagement for allegedly providing misinformation that inflated the value of its stock. A pending class action charges MRM with misleading investors about its business …
While many markets in the insurance industry continue to see adverse effects due to the hard market and recourse from 9/11, the marine market is one of the few that has a good view of the light at the end …
Saying that new concerns exist about the potential of health problems related to mold, a congressional subcommittee held hearings recently in Washington, D.C., on “Mold: A Growing Problem.” Submitting testimony on behalf of the apartment industry, the National Multi Housing …
How do I insure thee? Let me count the ways.” With apologies to Elizabeth Barrett Browning, that question’s become increasingly meaningful for risk managers, insurers, agents, brokers, consultants and investment banks. Alternative markets, alternative risk transfers, parallel markets—all describe different …
Insurance Services Office Inc. (ISO) has expanded ISO IntegRater™ to deliver commercial-auto advisory loss costs and rating factors so insurers can directly incorporate the information into their rating and policy-issuance systems. Insurers use ISO commercial-auto loss costs and rating factors …
Results International Systems Inc. (RIS), a full service outsourcer offering complete Web-enabled processing solutions to the Property & Casualty industry, has unveiled its new rating engine, the first module in the RIS Artius project. Unlike traditional raters, the Artius approach …
First Notice Systems, a Boston-based provider of claim reporting solutions to the insurance industry, released Vendor Referrals 2.0, a pathing engine offering third-party services to an insured at the time of loss report. This release builds on previous company technology …
AIR Worldwide Corporation (AIR), a technological provider in catastrophe modeling and weather risk management, announced the latest release of CLASIC/2™. CLASIC/2, an interactive desktop system for the assessment and management of catastrophic risk, is designed to produce the high level …
IVANS Inc. announced the launch of its Quick Start Remote Access Program, designed to provide insurance carriers the ability to give their employees access to corporate resources in a short amount of time, if their primary network fails or employees …
