Fiserv FSC, Inc. 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 dependable and accurate Windows …
The Foremost Insurance Group of companies have designed new family boaters and personal watercraft programs to give independent agents the ability to quickly provide their customers with specialized marine policies. The Foremost Family Boaters program offers coverage for a wide …
Superintendent of Insurance Gregory V. Serio announced the arrest of Fabian Illera, a former insurance broker, who was charged with insurance fraud, forgery, criminal possession of a forged instrument, falsifying business records and grand larceny. “It is alleged that Mr. …
The Professional Insurance Agents of New Jersey has released a new “Agency handbook” designed to help agents implement the “new and amended regulations” contained in the Producer Licensing Act. The most recent amendments were passed last November, when the New …
At least the New York Senate seems to have heard the messages from the NAII and the PIANY. It passed two bills last week dealing with insurance fraud. The next hurdle will come when the state’s Assembly considers the bills, …
While the NAII was fighting to uphold Regulation 68 against a legal challenge (See previous article), the Professional Insurance Agents of New York State Inc. issued a letter to each sponsor of a bill, S.1277/A.269, which “would revoke hard-won rules …
The decision by the New York Court of Appeals to hear the appeal of the Medical Society of New York (MSSNY) and the state’s trial lawyers, challenging the validity of Regulation 68 (See IJ Website Feb. 28), has prompted the …
Standard & Poor’s recently announced that Allianz Marine & Aviation, the transport and aviation insurer of the Allianz Group, has been rated “A+” with a stable outlook, drawing this comment from CEO Heinz-Werner Hof: “We are satisfied with this decision …
Standard & Poor’s Ratings Services issued a statement that Royal & Sun Alliance Insurance PLC’s recent earnings announcement, which stated that its operating companies’ statutory surplus has fallen below the 2x regulatory requirement, will not affect the counterparty credit and …
Swiss Re announced that it has published a new brochure on the “Pricing of motor quota share treaties,” which will give brokers and insurers a guide on “how premiums can be profitably priced in ther increasingly deregulated motor quota share …
