Ohio Insurance Director Ann Womer Benjamin ordered International Water Marine Safety Foundation and North American Marine General Insurance Co. to stop writing insurance policies in Ohio. The property and casualty insurers are reportedly not licensed to conduct business in the …
Itasca, Ill.-based brokerage giant Arthur J. Gallagher & Co. announced a continuation of the plan, originally adopted May 10, 1988, to purchase shares of its common stock for re-issuance in connection with its employee equity programs. The repurchases will be …
Analytical pricing and underwriting information for four major commercial lines of insurance from ISO is now available through AscendantOne®, Inc.’s new policy-management and rating solution, according to company president Charles Boodro. AscendantOne, a unit of ISO, is now able to …
The California Department of Insurance (CDI) Los Angeles County Auto Insurance Fraud Task Force arrested 14 people, including two insurance brokers, suspected of defrauding three insurance carriers in a criminal conspiracy. The defendants allegedly sold insurance policies to uninsured motorists …
Alaska consumers could reportedly face higher insurance rates from a less competitive insurance market if a bill just sent to Gov. Frank Murkowski’s (R) desk is signed into law. The Alaska Legislature has approved legislation that restricts insurers’ use of …
Nancy Schultz Nancy Schultz (nschultz@mcfallgeneral.com) has been appointed surplus lines broker and assistant vice president, manager of the P/C department for Portland, Ore.-based McFall General Agency Inc. Schultz has 10 years in the industry, all with McFall General Agency. She …
While the rest of the economy struggles with worker layoffs, independent insurance agencies are reportedly facing a very different problem: filling their jobs with knowledgeable workers. As a result, more firms facing a shortage of qualified workers, have shifted from …
AIG Small Business Underwriting Center (AIG Small Business), a unit of the property and casualty subsidiaries of American International Group, Inc. (AIG), has introduced Product Recommender(SM), a new web-enabled risk profiling tool that helps small business insurance agents and brokers …
Pennsylvania Insurance Commissioner Diane Koken, in her capacity as the state regulator for the industry, released the results of the Private Passenger Automobile Underwriting Guidelines review conducted by the Department’s Market Conduct Division. “On August 16, 2002, the Market Conduct …
The Midland Co., a Cincinnati-based provider of specialty insurance products and services, announced a preliminary catastrophe loss estimate of approximately $12 million to $13 million (pre-tax) from the series of storms and tornadoes that hit the midwestern, south central and …
