Insurance regulators wishing to further regulatory modernization should begin to adopt a workable self-certification process to approve rates and forms, according to insurers. In a letter to the National Association of Insurance Commissioners (NAIC) subgroup considering the measure, all four …
Insurance Services Office (ISO), a leading provider of insurance claims services and information about property and liability risk, has enhanced its Claims Outcome Advisor™ (COA) application to provide the industry’s first XML-enabled personal injury claims management solution. COA now easily …
State Farm’s California management has given the go-ahead for a statewide consolidation of claim and business administration offices, including the closing of the major operation centers in Westlake Village and Costa Mesa. In addition, the company plans to go from …
The West Virginia Department of Insurance’s informational letter addressing credit-based insurance scoring in personal lines would severely restrict the use of a proven underwriting and rating tool, according to the National Association of Independent Insurers (NAII). “Insurance scores help make …
Bunker Hill Insurance Company of Boston has received a license from the Connecticut Department of Insurance to sell homeowners policies in that state. Represented by independent agencies, Bunker Hill expects to issue policies that will be effective in early Jan. …
A.M. Best Co. has placed the financial strength rating of “B” (Fair) of Federated National Insurance Company of Plantation, Fla. under review with negative implications due to the company’s weakened capitalization and increasingly high leverage measures. According to A.M. Best, …
Texas-based managing general agency Combined Agents of America LLC (CAA) announced the election of its new management committee. The new management committee, elected by CAA’s 28 member companies includes: chairman of the Board-Tom McCorkle, owner of McCorkle Commercial Insurance Agency, …
The National Association of Insurance Women-San Antonio and the Independent Insurance Agents of San Antonio announced a jointly sponsored “Underwriting for Non-Underwriters” seminar to be held Oct. 2, in San Antonio. The seminar will take place at the Olympia Hills …
The Cincinnati Financial Corporation announced that the Ward Group has named The Cincinnati Insurance Companies as one of the nation’s top performers in both property casualty insurance and life and health insurance sectors. The announcement indicated that the “Ward Group, …
In its second-quarter review of more than 35 fund companies, SAFECO Mutual Funds earned National Quality Review’s (NQR) “Best-In-Class” ranking for telephone service quality. Additionally, it received NQR’s “5-star” rating for telephone service quality, which indicates top-quartile performance for the …
