ACS, a provider of business process and information technology outsourcing solutions, announced it has signed an additional outsourcing agreement with Royal & SunAlliance USA, part of the Royal & SunAlliance Worldwide Group. Under the terms of the four-year, $21 million …
LexisNexis RiskWise has developed a new service to more effectively fight the growing problem of insurance fraud. Using the LexisNexis(TM) Rate Evasion Evaluation service, insurance companies can now reportedly detect falsified data on applications to fight unknown exposure and subsequent …
Nevada Insurance Commissioner Alice A. Molasky-Arman has approved the request of American Family Mutual Insurance Company (American Family) for an overall statewide increase of 4.4 percent for private passenger automobile insurance. American Family made adjustments to its auto and home …
Chicago-based Acordia Inc., America’s largest bank-owned insurance brokerage and a subsidiary of Wells Fargo & Co., has acquired the assets and business of Care Insurance Services, headquartered in Omaha, Neb. Care Insurance Services, which provides risk management solutions for long-term …
A Madison County, Ill., judge has certified a class-action lawsuit on behalf of 30,000 Geico Corp. policyholders on the direct insurer’s use of aftermarket parts to fix damaged vehicles. The Alliance of American Insurers’ claims director Kirk Hansen said the …
Aviation Charter Inc. has agreed to a $25 million insurance settlement with the family members of Minnesota Sen. Paul Wellstone and five other passengers as compensation for the October plane crash which killed them, according to the Associated Press. The …
Palmer & Cay, Inc., a privately-held insurance brokerage and benefits consulting firm based in Savannah, Ga., announced its entry into the reinsurance market with the formation of two new entities, Palmer & Cay Reinsurance Brokers and Savannah Reinsurance Underwriting Management …
Jess Chappell, president and CEO of Savannah, Ga.-based CIS Inc., announced that CIS plans to enter into the South Carolina non-standard auto market by taking over the administration of an already existing program. “We are very excited about the opportunity …
Texas Mutual Insurance Company reported that for the second year in a row, its Web site, www.texasmutual.com, took top honors in an international competition hosted by the American Association of State Compensation Insurance Funds (AASCIF). Since launching its website in …
Fort Worth-based State National Companies announced that State National Specialty Insurance Company (SNS) was recently awarded authorizations to write multiple insurance lines in New Jersey and Michigan. The company said this marks 21 new authorizations for the company in the …
