The Louisiana House Insurance Committee approved a bill combining the Coastal and FAIR Plans, two of the state’s so-called “insurers of last resort,” under a new state-created entity called the Louisiana Citizens Property Insurance Corporation, according to the American Insurance …
Chicago-based brokerage Aon Corp. reported quarterly earnings of $152 million, or 48 cents per share, down 5 percent from a year ago’s $160 million, or 57 cents per share. The company, one of the top insurance brokerages in the world, …
A Trusted Choice(SM) TV advertising campaign that will feature more than 300 spots on such national networks as NBC, CNN and ESPN is scheduled to begin June 9 and continue through June 29. Three commercials — one each for auto, …
Chicago-based brokerage Acordia Inc. has named Deborah M. Broderick vice president and executive assistant to the president. In her new capacity, Broderick will be directly responsible for assisting Acordia’s CEO, Kevin W. Conboy, as well as the company’s regional managing …
Chicago-based CNA Surety Corp. reported that net income for the first quarter of 2003 was $9.6 million, or 22 cents per share, down 9 percent from a year ago’s $10.6 million, or 25 cents per share. This decrease reflects higher …
The 2003 Indiana legislative session came to a close recently with little impact on the property and casualty insurance industry, according to a statement released by a trade group. The only substantial property/casualty insurance measure that passed in was credit-based …
Schaumburg, Ill.-based Zurich North America, a leading commercial property-casualty insurance provider, announced that it has expanded its popular Zurich Private Solutions(SM) insurance coverage. The Zurich Private Solutions insurance coverage (provided under the private company directors, officers and employment liability policy) …
ACE Casualty Risk, a division of ACE USA, has launched ACE Complete(SM), a web-based underwriting facility which enables contracted brokers to conduct underwriting transactions – from entry to issuance – in a quick and efficient manner via the Internet. ACE …
Missouri-based Global Financial Technologies Inc. (Global FT), the insurance software development and business consulting firm, has released its new product delivery and deployment software package Dynamic Plan Builder. “This software component model is designed to enable new products to be …
The National Conference of Insurance Legislators (NCOIL) credit-based scoring model is gaining momentum after the first four months of this year’s state legislative season, an official of the National Association of Mutual Insurance Companies (NAMIC) reports. NAMIC Vice President of …
