New York Governor George Pataki should veto two bills that would cause problems for consumers by expanding auto insurance liability for personal and rental vehicles, according to the National Association of Independent Insurers (NAII). In a series of letters to …
InvestiSan Diego-based DriveCam Video Systems has partnered with the National Interstate Insurance Co. to market DriveCam’s Driving Feedback System to insured passenger transportation fleets, including motorcoaches, transit buses, school buses and limousines. Under the agreement, called the NIIC/DriveCam Certification Program, …
Investigators with the California Department of Insurance (CDI) Criminal Investigations Branch’s Fraud Division arrested two men on insurance fraud and arson charges. Emmanuel Benavides Torres, 25, and Oscar Gomez Martinez, 26, were arrested and booked into the Madera County Jail. …
A compromise to trim doctors’ medical malpractice insurance rates by imposing a $350,000 cap on lawsuit awards was approved early Thursday by Nevada lawmakers. The session had been ordered by Republican Gov. Kenny Guinn to try to bring a halt …
CATEX, a technology and software company operating in the reinsurance and insurance sector, was appointed by Bowood Partners Ltd., the independent privately owned Lloyd’s broker, to implement a Broking Management System. The web-based system will give Bowood the ability to …
Standard & Poor’s Ratings Services affirmed its double-“B”-pi public information ratings on two Philippine insurers, Malayan Insurance Co. Inc. and Pioneer Insurance and Surety Corp. At the same time, it expressed concerns about the companies’ high level of equity investments …
Bermuda-based White Mountains Insurance Group Ltd. ended the second quarter of 2002 with a fully converted tangible book value per share of $236, a $14 increase from March 31, 2002, and a $10 increase from Dec. 31, 2001. The company …
Standard & Poor’s Ratings Services has placed its long-term ratings, including its double-‘A’-plus counterparty credit and insurer financial strength ratings, on Munich-based insurance group, Allianz AG (Allianz), and related entities on CreditWatch with negative implications. At the same time, Standard …
Unitrin, Inc. says its principal executive officer and principal financial officer each had filed statements fully complying with the SEC order requiring CEO/CFO certifications of the financial statements of the 947 largest public companies. The SEC order requires the largest …
Fireman’s Fund Insurance Company has introduced Prestige® Home Premier—a new insurance policy designed to meet the needs of the discriminating affluent homeowner. Fireman’s Fund® created Prestige® Home for customers who understand and value protection for fine craftsmanship. It is coverage …
