Standard & Poor’s Ratings Services said that it assigned its ‘BBB+’ senior debt ratings to SAFECO Corp.’s (SAFECO) recently issued $200 million 4.20 percent senior notes due 2008 and $300 million 4.875 percent senior notes due 1010 based on SAFECO’s …
Insurance companies will be prohibited from using credit records to cancel or not renew current policyholders under rules adopted by the Oregon Insurance Division. The division developed the rules in response to consumer complaints about the growing use of credit-based …
The Arizona Department of Insurance Fraud Unit assisted the Phoenix Police Department’s Fugitive Apprehension and Investigations Detail in arresting Juan Reyes Marrufo, 35, Maricela Armenta, 34, and Cristina Rodriguez, 32. These individuals were allegedly part of a large-scale auto fraud …
Texas lawmakers introduced two bills in Texas legislature that aim to control rising insurance rates in the state. Texas State Senator Troy Fraser of Horseshoe Bay announced the filing of Senate Bill 310, requiring insurance companies doing business in Texas …
Palmer & Cay Inc., a privately-owned insurance brokerage and benefits consulting firm based in Savannah, Ga. appointed James B. Meathe president and chief operating officer. Palmer & Cay’s current president, F. Michael Crowley, has been promoted to vice chairman, announced …
Afni Insurance Services, a provider of customer care solutions for the industry, has formed a Sponsor Partnership with MarshBerry, a provider of management consulting services for the financial services industry. “CSR24 is a powerful addition to our sponsor program and …
CDS Business Mapping, a provider in online hazard mapping, has added crime scores to the RiskMeter Online (www.riskmeter.com). The scores use predictive modeling technology to estimate the risk of crime for any location in the U.S. based upon demographic and …
Legislation with language that corrupts the primary purpose of alternative dispute resolution is pending in three states so far this year and others could be forthcoming, according to the Alliance of American Insurers (AAI). The states are Connecticut, Minnesota and …
The National Association of Independent Insurers (NAII) filed an amicus brief this week with the Illinois Supreme Court to dispute an attempt by the Illinois trial bar to regulate the insurance industry in the courtroom. “The National Association of Independent …
Independent agents using Ohio-based Progressive Insurance’s customized referrals program, ProLeads, have sold 50,000 new insurance policies representing at least $40 million in premiums since May 2001, according to the company. Consumers who see Progressive advertising, call the company or go …
