ePolicy Solutions Inc. (www.epolicysolutions.com), announced it has formed a marketing alliance with InSystems Corporation to further enhance its Web-enabled RightRisk™ insurance technology by integrating document, rating, workflow and business rule engines. Under terms of the alliance, InSystems Calligo, a Web-based …
AXIS Capital Holdings Limited (“AXIS”) announced that additional capital has been contributed to its subsidiary AXIS Reinsurance Company (“AXIS Re”), increasing AXIS Re’s policyholders’ surplus to over $500 million. AXIS Re is domiciled in New York and is licensed in …
The Hartford Financial Services Group Inc. announced that it has priced its three previously announced capital offerings for gross proceeds of approximately $1.95 billion. About $1.1 billion of the funds were raised from 24.2 million shares of common stock priced …
Tennessee Commissioner of Commerce and Insurance Paula A. Flowers filed court petitions seeking the liquidation of three related Tennessee-chartered insurance reciprocal companies that insure thousands of lawyers, doctors, counselors and medical facilities nationwide. The Department of Commerce and Insurance announced …
Willis Re Inc. announced that Paul D. Herriott, has joined their San Francisco office as a vice president. Heriott will be responsible for producing new property/casualty business in the Western Region. Heriott brings seven years’ reinsurance experience to the firm. …
The Kentucky Department of Insurance scheduled two public hearings in June to discuss specific rate filings from two medical malpractice insurance carriers. According to Insurance Commissioner Janie A. Miller, recent filings from ProNational Insurance Company and OHIC Insurance Company will …
Travis County District Judge Brenda Kennedy recently found South Texas Well Service Inc., a Rockport-based company owned by Michael W. Harvey, guilty of insurance fraud. The company was ordered to pay $7,000 in restitution to Texas Mutual Insurance Company. According …
The Texas Senate announced it approved Senate Committee Substitute to House Bill (CSHB) 4, which is aimed at ending what some Senators call lawsuit abuse. Mount Pleasant Senator Bill Ratliff said the bill strikes a fair balance by providing for …
Writers of directors and officers insurance are facing a lengthy catch-up period, given the increased frequency and substantially greater severity of claims since the mid-1990s, according to the special report, “The Directors & Officers Market: A Crisis in Remediation,” issued …
Seattle-based Safeco announced that claims stemming from the recent string of Midwest and Southern tornadoes, added to losses from violent hailstorms in Texas earlier in the quarter, are estimated at nearly $90 million in pretax catastrophe losses. This figure represents …
