The Alliance of American Insurers praised a ruling by the South Carolina Supreme Court that limits the amount insurers must pay to repair damaged vehicles. The ruling came in a case involving a State Farm policyholder who argued that the …
Standard & Poor’s Ratings Services assigned its “A” senior debt rating to HCC Insurance Holdings Inc.’s (HCC) $125 million ($143.75 million if the underwriters exercise their over-allotment option) 1.30 percent convertible notes, which mature in 2023, based on HCC’s strong …
An asbestos litigation reform bill supported by the Alliance of American Insurers and a broad coalition of businesses and insurers has passed the Texas Senate State Affairs Committee. The bill, SB 496, will “raise the bar for the criteria necessary …
Minnesota’s Commerce Department, which regulates carriers and agents,1 has proposed loosening Minnesota law to allow insurance companies the unusual freedom to skip state approval of new, or amended, consumer policies. Insurers would be able to sell most consumer policies simply …
The California Workers’ Compensation Institute (CWCI) has issued new research showing the combined effect of an increase in the number of chiropractors treating fewer injured workers with higher levels of chiropractic services per claim has been to drive up both …
The license of Cleveland-based property property/casualty insurance and bail-bond agent Donnell L. Mitchell was revoked by the Ohio Insurance Department for several instances of criminal menacing. Mitchell’s pending application to be a surety bail bond agent was also denied. The …
San Diego, Calif.-based G.S Levine Insurance Services Inc. announced that Chris Clark has recently joined their firm as vice president- Sales, Marketing & Acquisitions. “Chris will be responsible for helping us accelerate our growth beyond what our current plans can …
Insurance Services Office, Inc. (ISO) has promoted Kevin Thompson to senior vice president of its Insurance Services unit responsible for producing ISO’s core information products — advisory loss costs, manual rules and policy forms — for personal and commercial lines …
California-based ABD Insurance and Financial Services, a provider of global risk management and employee benefits solutions, announced a series of executive level changes. Dan Francis has been appointed to the newly created position of president, Property & Casualty. He will …
The California Workers’ Compensation Institute (CWCI) has issued new research showing the combined effect of an increase in the number of chiropractors treating fewer injured workers with higher levels of chiropractic services per claim has been to drive up both …
