The American Insurance Association joined Western Pennsylvania’s Hospital Council in opposing the repeal of the state’s 35-year old motorcycle helmet safety law (See IJ Website June 18), calling it “dangerous public policy.” “S. 259, passed by the Senate on Monday, …
Allstate New Jersey Insurance Company and its subsidiary, Encompass Insurance, announced the filing of civil actions under the New Jersey Insurance Fraud Prevention Act, in the Superior Court of New Jersey (Morris County), asking for a total of more than …
W. R. Berkley Corporation announced that London-based insurer Kiln plc has agreed to invest in W. R. Berkley Insurance (Europe), Limited, a newly incorporated U.K. insurance company. Berkley will have an 80 percent stake and Kiln 20 percent in the …
Standard & Poor’s Ratings Services issued an announcement indicating that Munich Re’s first quarter results and those of its subsidiary companies are “broadly in line” with its expectations. S&P currently rates the group ‘AA-‘ with a “negative” outlook. It does, …
Experts from the Harvard Medical School and Swiss Re briefed members of Congress yesterday on what they see as the current effects of global warming, indicating that it’s no longer “a hypothetical concern for future generations,” but is causing problems …
Lloyd’s Chairman, Lord Peter Levene, told Members attending its Annual General Meeting yesterday, that “Lloyd’s has been a beacon of light. We have defied the doomsayers. And we have done more than that: we have flourished. At a time when …
Insurance Commissioner John Garamendi announced that the California Department of Insurance (CDI) served a Cease and Desist Order on Insurance Company of the Americas (ICA) based in Bradenton, Fla. and Oriskany, N.Y., following an investigation that revealed the company illegally …
Pathlore Software Corp., a provider of learning-management systems (LMS), announced today that New Berlin, Wis.-based Marshall & Swift/Boeckh (MS/B) will use Pathlore’s LMS to bring training to insurance agents, underwriters, claims adjusters, and contractors across the United States. A driving …
A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) of Folksamerica Reinsurance Company (New York). The rating outlook is stable. The rating reflects Folksamerica’s increased and significantly improved level of stand-alone risk-adjusted capitalization (which …
California-based Document Sciences Corporation (www.docscience.com), a provider in automating creation and delivery of enterprise business communications, recently unveiled a comprehensive solution for generating property and casualty proposals, policies and claims correspondence. The solution combines Document Sciences’ award-winning xPression architecture with …
