The Professional Insurance Agents of New Jersey Inc. (PIANJ) and New Jersey Skylands Insurance Association (NJSIA) announced they had entered a contract maintaining agents’ rights relating to NJSIA. Devised by both PIANJ and NJSIA, the contract upholds agents’ property rights …
National Security Fire & Casualty, a regional insurance company with operations in 10 Southeastern states, has joined Trusted ChoiceSM—the consumer marketing brand established by the Independent Insurance Agents & Brokers of America’s (IIABA) that highlights the benefits offered by independent …
Father and son owners of a Bay County, Fla. roofing company were hit with charges of racketeering and workers compensation fraud stemming from schemes the two allegedly used to avoid more than $1.5 million in premiums for employees, according to …
Austin-based Policyholders of America (POA) and the Indoor Air Quality Association (IAQA) announced their support of the decision by Texas Attorney General John Cornyn’s to file suit against a mold remediation company operating in the state, Mold Restoration Inc. (MRI). …
INSpire Insurance Solutions Inc., based in Fort Worth, Texas, announced that Toronto’s CGI Group Inc. has signed a non-binding letter of intent under which CGI would purchase INSpire’s operating assets. These business operations would be integrated within CGI and continue …
Moody’s Investors Service downgraded the senior debt ratings of Fremont General Corporation to Caa1 from B2. Moody’s also downgraded the company’s subordinated debt ratings to Caa3 from B3 and the preferred stock ratings of Fremont General Financing I to Caa3 …
Arizona property/casualty insurance laws addressing the use of credit information, new form filing and investment provisions, spiraling costs of construction defect litigation and minors’ seatbelt usage took affect this week. “Overall, the outcome of this year’s session was a victory …
Irvine, Calif.-based BCF Technology Inc., a provider of integration and aggregation software for the U.S. insurance and financial services markets, announces the launch of its Transaction, Integration, Extraction, and Recovery (TIER) Platform. The TIER Platform enables insurance carriers, agents, brokers, …
Munich Re’s Chairman Hans-Jürgen Schinzler recently indicated that the world’s largest reinsurer may actually be exposed to less than the €2.6 billion ($2.55 billion) it has reserved for the payment of WTC related claims. In the interview with the German …
France’s AXA Group confirmed its earlier estimates (See IJ Website Aug. 21) by officially posting 17 percent growth in operating earnings to €1.022 ($1 billion) for the period ended June 30, compared to €876 million ($860 million) in the first …
