eReinsure.com Inc. announced an agreement with Fireman’s Fund Insurance Co. that will result in the insurer moving to eReinsure’s technology platform for the purchase of its facultative reinsurance. This agreement followed pilot testing at 10 Fireman’s Fund branches that indicated …
The California Department of Insurance (CDI) Fraud Division announced recent developments in these cases: * ORANGE COUNTY, CA – On March 20, 2003, Sheila Nicholson, 29, was arrested and booked into the Orange County Jail on four counts of grand …
Late last week, Senators Christopher Bond, R-Mo., and Tim Johnson, D-S.D., introduced S. 735, “Small Insurance Company Inflation Adjustment Act,” to amend the Internal Revenue Code of 1986 to clarify the tax exemption for small property and casualty insurance companies. …
An endorsement is now available for providing terrorism coverage on rental dwellings covered by dwelling and premises liability policies, in the event that such coverage is determined to be commercial insurance under the new federal terrorism reinsurance program. The American …
Standard & Poor’s has published an article that explains the various criteria changes it has made to its U.S. property/casualty insurance risk-based capital model. The changes include a deduction of goodwill from the calculation of total adjusted capital, tax adjustment …
The Department of Consumer and Business Services (DCBS) has ordered a Canby company to stop selling medical malpractice insurance in Oregon without a license. DCBS issued a cease and desist order March 18 against First Actual American Insurance Co., which …
Fiserv FSC, Inc. recently announced that with CapFSC, California insurers can now, with one person, in less than one day, do what used to take a team of employees days or weeks to accomplish. CapFSC is a Windows-based competitive analysis …
State National Companies announced that A.M. Best has assigned an ‘A’ (Excellent) rating to its pooled subsidiaries, State National Insurance Company (SNIC) and State National Specialty Insurance Company (SNS). In 2002, the two insurance affiliates wrote $217,000,000 in combined premium …
Massachusetts Consumer Affairs Director Beth Lindstrom has issued a bulletin urging the public to exercise caution when considering the purchase of travel insurance policies. The warning comes as a result of “the prevailing uncertainty accompanying war in the Middle East …
Bermuda’s XL Capital Ltd. announced that David P. Shea has taken up the post of Chief Financial & Administrative Officer of the Company’s Financial Products and Services business segment. Shea is the former Chief Financial Officer and Treasurer at General …
