Eighty-eight percent of insurers think that IT will become more important in driving efficiencies and cost-reductions in future, according to new research released by RebusIS, an insurance technology solutions provider. A further 55 percent of respondents to the survey argued …
Itasca, Ill.-based brokerage Arthur J. Gallagher & Co. announced that its Board of Directors has appointed Emil J. Bravo and Norman P. Darling to the position of corporate vice president. Bravo has 26 years of experience within Gallagher Bassett Services …
Legislation dealing with commercial lines nonrenewals, fee increases and credit scoring were among the top insurance-related bills that passed the 2003 Illinois General Assembly, which adjourned May 31. “The legislature dealt with a number of insurance issues this session, and …
The Nebraska Legislature enacted two significant bills during the 2003 legislative session that will provide guidelines for credit-based insurance scoring and further modernize the regulatory environment for commercial lines insurance. Nebraska is one of approximately 12 states that enacted the …
An affiliate of Fargo, N.D.-based Community First Bankshares Inc. has acquired Larry Levitt Insurance Inc., located in Rock Springs, Wyo. It is the 15th insurance agency purchase since 2000, according to a statement released by the company. Forty-nine of the …
Aon CEO Patrick Ryan told a group of journalists that premiums will grow slowly through the end of 2003 and into early 2004, according to Reuters. Ryan predicted rates would rise over the next five to seven years. Certain sectors, …
Oldsmar, Fla.-based insurance claims management services provider, eAutoclaims, reported that income before non-cash expense for the three-months ended April 30, 2003 totaled approximately $309,000 compared to a loss before non-cash expenses of approximately $609,000 for the three-month period ended April …
The National Association of Independent Insurers (NAII) said it is encouraged by a preliminary NCOIL report calling for significant changes in market conduct regulation. However, some proposals contained in the report have insurers concerned. The report entitled, “The Path to …
Expanded agent licensing information on affiliated individuals is now available to insurers or business entities online at the Kentucky Department of Insurance’s Web site. The department noted that for privacy and security reasons, this information is secure and can only …
Houston-based Hicks Thomas & Lilienstern announced that a Harris County jury found in favor of the firm and awarded $150,000 in attorneys fees it incurred in a dispute with the firm’s insurance carrier, Valley Forge Insurance. This money is in …
