ebix.com Inc., an international supplier of software and e-commerce solutions to the property and casualty insurance industry, announced that it has received ISO 9001:2000 certification for both of its call center and software development units in India. The ISO 9001:2000 …
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of Royal Bank of Canada Insurance Company Ltd., (RBCI) (St. Michael, Barbados). The rating has a stable outlook. The rating for RBCI reflects its prudent capitalization, excellent underwriting …
A.M. Best Co. has downgraded the financial strength rating to E (Under Regulatory Supervision) from C++ (Marginal) of Wasatch Crest Mutual Insurance Company (WCM). The rating reflects the Utah Insurance Department’s seizure of WCM on July 11, and the filing …
Efforts by Utah Gov. Mike Leavitt (R) to make sure the debate over the future of the Workers Compensation Fund of Utah (WCF) and its subsidiaries focuses on “big picture” issues and doesn’t degrade into an argument over details is …
The four national property/casualty insurance industry trade associations filed an amicus brief late last week with the 11th Circuit Court of Appeals opposing the use of a national class action to resolve insurance rate regulation issues that fall under the …
Hilb, Rogal and Hamilton Company has acquired the remaining 49 percent interest in New World E&S, LLC (New World), a casualty excess and surplus lines facility specializing in excess general liability and umbrella coverages. New World also specializes in risks …
Penn National Insurance recently hired Bryce Goodwin as its new commercial lines territory manager in northern New Jersey. “Bryce brings more than 25 years of industry expertise and multi-line knowledge to Penn National Insurance,” said Eric Lange, New Jersey operations …
Attempting to keep Tennessee from becoming a “crisis state” with regards to medical malpractice awards, a special joint committee has begun a series of meetings to study the effects that tort reform would have on medical malpractice cases. Republicans are …
The Florida Office of Insurance Regulation has ordered First Actual American Insurance Co. to cease marketing medical malpractice liability insurance in the state, which the department said it is not authorized to do, according to the The Florida Times-Union. The …
The government admitted in a court filing that they were aware that a hacker sent stolen e-mail documents to three government witnesses even before former Near North owner Michael Segal’s arrest on racketeering and insurance fraud charges. The defense is …
