Standard & Poor’s announced that it has removed from CreditWatch and affirmed its ‘BBB+’ long-term counterparty credit and insurer financial strength ratings on the operating entities of the Portugal-based insurance group Seguros e Pensoes (SeP)–including Ocidental Companhia Portuguesa de Seguros …
Fireman’s Fund Insurance Company announced that it plans to file a request with the Massachusetts Division of Insurance to give a 10 percent discount to its best private passenger automobile customers in the state. “The proposed discount covers ‘Step 9’ …
The Alliance of American Insurers characterized the Delaware Department of Insurance current regulatory proposals on Credit scoring as “a good starting point for addressing the issue,” but indicated that they “should be more consistent with federal credit reporting law.” At …
The Professional Insurance Agents of New York held its first legislative meeting of the year last Thursday, and addressed two major issues on which they want members of the Senate and Assembly to take action during the legislative year -“fight …
Yesterday’s announcement by France’s AXA Group that it would significantly curtail reinsurance operations in the U.S. (See IJ Website Jan.13) – ceasing both its financial guaranty reinsurance activities and its life and non-life reinsurance through U.S. subsidiaries – produced an …
The Independent Insurance Agents & Brokers of America (IIABA) is commending the responsiveness of Congress and President Bush for approving legislation that reauthorizes the National Flood Insurance Program (NFIP). President Bush signed the enacting legislation into law Jan. 13. The …
Richard “Dick” Kennedy has joined Mitchell International Inc. as senior vice president of Customer Service. He brings to Mitchell more than 30 years of executive management experience in the areas of customer support, product management and engineering from companies engaged …
Citing his responsibility to seek every legal remedy on behalf of California consumers and Northridge earthquake victims, California Insurance Commissioner John Garamendi filed to appeal court decisions upholding earthquake settlements negotiated under the Quackenbush administration. “California consumers were betrayed by …
As of January 2003, Thomas H. Cooper & Co., a corporate benefits administration firm. was sold to BlueCross BlueShield of South Carolina. Thomas H. Cooper & Co. will operate out of its Charleston office as an independent subsidiary of BlueCross. …
Representatives of the Florida insurance industry, including the National Association of Independent Insurers (NAII), outlined to a Senate committee an all-inclusive package of reforms designed to address the state’s pernicious auto insurance fraud problem. The meeting with the Select Senate …
