Members of the National Association of Professional Insurance Agents (PIA) are set to converge on the nation’s capital on Thursday, April 3, for their annual Federal Legislative Summit. The 2003 PIA Federal Legislative Summit is a gathering of PIA members …
The Calif. Workers’ Compensation Insurance Rating Bureau (WCIRB) Governing Committee authorized the WCIRB to pursue developing estimates of potential terrorism losses for California. The estimates will be based upon the model developed for NCCI by EQECAT, a nationally recognized catastrophe …
New York State Superintendent of Insurance Gregory V. Serio has submitted the NYSID’s Annual Report on the operations of the Insurance Frauds Prevention Act and the activities of the Insurance Frauds Bureau for Calendar Year 2002 to the Governor and …
A new battle has erupted over WTC claims between Larry Silverstein, head of Silverstein Properties, the master leaseholder, and Zurich American Insurance Co. (ZAI), a subsidiary of Zurich Financial Services. The dispute, while related to the events of Sept. 11 …
Pennsylvania’s Governor Schweiker and The Hospital & Healthsystem Association lined up behind the state’s doctors in supporting President Bush’s call for comprehensive reforms the nation’s medical professional liability system. (see IJ Website Jan. 16) Pennsylvania Physician General Dr. Rob Muscalus …
A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of World-Wide Reassurance Company Ltd. (WWR), a U.K. based subsidiary of Scottish Annuity & Life Holdings Ltd. (SALH) with a stable outlook. Best also assigned …
Holland’s ING Group, one of the world’s largest providers of insurance and financial services, has announced plans to implement a number of changes in its corporate governance structure. “The new proposals aim at a balanced corporate-governance structure with more influence …
Florida State Representative Connie Mack (R, District 91) announced he plans to file legislation to reform Florida’s worker’s compensation system by increasing benefits to injured workers, while reducing the premiums paid by businesses in the state. Mack, who is Chairman …
Brown & Brown Inc. announced record earnings for 2002, making it the 10th consecutive record year for the Florida-based company. Net income rose to $83,122,000, or $1.22 per share, an increase of 54.2 percent over the $53,913,000, or $0.85 per …
Standard & Poor’s Ratings Services affirmed its “Bpi” counterparty credit and financial strength ratings on Home State County Mutual Insurance Co., which has its headquarters in Waco, Texas An S&P’s analyst said the company suffers from weak capitalization, lack of …
