The Pennsylvania Medical Society (PMS) has issued a critique of the recent report by the Center for Justice & Democracy entitled “Premium Deceit.” PMS points out that, contrary to the report’s stated conclusions, the CJ&D’s own data show a correlation …
New York’s Allcity Insurance Company announced that it has received a proposal from its indirect parent company, Leucadia National Corporation, the beneficial owner of approximately 91 percent of Allcity’s common stock, for a possible tender offer to acquire all of …
The GAB Robins Group of Companies, a leading claims services firm, announced that it has formed GAB Robins Capital Partners Consulting Group and appointed Michael Flaharty, an internationally recognized expert on claims administration, as its Managing Director. “This move positions …
France’s AXA Group announced that its Supervisory Board had reappointed all five members of the company’s Management Board at a recent meeting, and had reconfirmed Henri deCastries as Board Chairman. Reappointed for a three year term were: Henri deCastries Françoise …
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of Italy’s Societa Cattolica di Assicurazione Coop a RL (Cattolica) with a “stable” outlook. “The rating reflects the company’s excellent consolidated risk-adjusted capitalisation, excellent operating performance and established …
Chicago’s Aon Corp. announced that it has become the first foreign insurance broker to be granted a license for a joint venture partnership by the China Insurance Regulatory Commission (CIRC). The company received the go-ahead to establish a joint venture …
When the Insuring the Children Board of Directors met in January, the updated grants report indicated a total of $55,000 distributed in the latter half of 2002. The Orange County Prevent Child Abuse organization was granted $10,000; The OC Child …
The Great Lakes Chapter of the Association of Insurance Compliance Professionals (AICP) is sponsoring an Education Day Thursday, March 20, at the Clarion Barcelo Hotel, 5615 North Cumberland, Chicago. The conference will feature representatives from various insurance departments who will …
Connective Technologies Inc. announced that they had entered into a contract with Hawaii Employers Mutual Insurance Company (HEMIC) to provide real-time upload from the AMS family of agency management systems. The TEAM-UP upload follows the “hybrid” interface approach, which re-uses …
The Workers’ Compensation Act and Commission Rulebook Supplement 2002-06 of workers’ compensation rules is now available online from the Texas Workers’ Compensation Commission. The rulebook can be updated with the amended rules by printing supplements from the Commission’s Web site …
