The Alabama Department of Insurance and the Federal Emergency Management Agency announced that President George W. Bush declared Alabama a federal disaster, making 28 counties eligible for federal assistance following numerous tornadoes which struck the state on Nov. 5th and …
Florida Treasurer and Insurance Commissioner Tom Gallagher announced that Michael E. Rock of Orlando, was arrested on charges of soliciting thousands of Florida doctors to purchase fraudulent medical malpractice insurance. Statewide prosecutor Melanie Ann Hines also announced that her office …
HCC Insurance Holdings Inc. announced that Michael A.F. Roberts has been appointed to the company’s Board of Directors. Roberts will also serve as a member of the company’s Nominating and Corporate Governance Committee, as well as its Compensation Committee. He …
Standard & Poor’s Ratings Services said that it has assigned its ‘R’ financial strength rating to HIH America Insurance Co. of Hawaii Inc. (HIH Hawaii) because of the company’s insolvency and ongoing liquidation. The State Insurance Commissioner of Hawaii officially …
The National Conference of Insurance Legislators (NCOIL) has adopted a credit scoring model act, but postponed action on an aftermarket crash parts model act and a proposal to fund consumer representatives at its recent meeting in San Francisco. The National …
West Virginia Gov. Bob Wise announced the state’s Workers’ Compensation Fund faces a deficit totaling between $2.5 and $3 billion. According to The Charleston Gazette, the fund had showed deficits since 1995, when a reform plan was implemented to reduce …
Harleysville Mutual Insurance Company, which owns 56 percent of Harleysville, Pa.-based Harleysville Group Inc., announced an agreement to acquire the operations of Penn Mutual Insurance Company. “The in-market acquisition of Penn Mutual’s operations reinforces our position as a premier insurance …
A recent Insurance Research Council (IRC) survey of U.S. households finds that nine out of 10 recent car purchasers (90 percent) rated safety as an important factor in their decision to purchase or lease a new vehicle, with six out …
Insurance Services Office, Inc. (ISO) will file commercial lines policy forms and rating information in response to the Terrorism Risk Insurance Act of 2002 passed by Congress. The law provides financial backing by the federal government for insurance losses certified …
After launching in the West and first four central states, AMS Services is introducing its QuoteWorks rating product to remaining central and some southern states. New features of the QuoteWorks product include a client-based design that stores multiple quotes for …
