Pennsylvania Governor Edward Rendell on Wednesday commended the Pennsylvania Senate for confirming M. Diane Koken as Commissioner of the Insurance Department. The confirmation marks the third consecutive confirmation of Koken to the position since first being appointed in 1997. “Commissioner …
The Alliance of American Insurers is pleased with recent privacy developments in the California Legislature. On June 17, SB 1 failed in the Assembly Banking and Finance Committee, receiving only three yes votes from the 12-member committee. “Once again, the …
Alabama Commissioner Walter A. Bell announced that beginning June 19 the 38,000 insurance producers and service representatives licensed to do business in his state will have an easier way to renew their licenses—via the Internet. The Alabama Department of Insurance …
The Independent Insurance Agents & Brokers of America (IIABA) is calling the Risk Management Agency’s (RMA) decision to pull approval for the Converium-Crop 1 Insurance Company’s “Premium Discount Plan” (PDP) pilot program the “right decision that will safeguard the integrity …
MarketScout, a Dallas, Texas based e-commerce company specializing in the distribution of property and casualty insurance products, announced the recent addition of five new underwriters to their staff. Joining the MarketScout team are Beverly Hutton, Annetta Williams, Lori King, Jackie …
Norcross, Ga.-based Reed Construction Data (formerly CMD) announced the launch of its Means CostWorks Valuator software program. This new software program employs cost data from Reed Construction Data’s RSMeans product to prepare replacement cost valuations of residences for homeowner property …
Markel Corp. announced plans to significantly expand its product offerings by creating a business platform to be headed by Roger Greiner, formerly president of Aegean Managers, Inc. The new platform will concentrate on the alternative risk market for larger risks …
Fireman’s Fund Insurance Company has just begun a national roll-out of Mitchell’s Internet-based eGlassMate solution and has already dramatically increased the number of glass shops its customers can use for windshield repair. In slightly more than a month, Fireman’s Fund …
A.M. Best Co. has reaffirmed Salt Lake City, Utah-based Workers Compensation Fund (WCF)’s A-minus (Excellent) rating. According to A.M. Best, WCF’s A-minus rating reflects the mutual insurance company’s excellent financial strength, strong reserve practices and dominant market position. It also …
A report on the French insurance market released by Standard & Poor’s Ratings Services calls the outlook in both the life and P/C sectors “stable.” S&P had previously classed the P/C sector’s outlook as “negative.” According the report, “French Insurance …
