The New York State Insurance Department has issued a bulletin noting that as a result of the recently passed Producer Licensing Model Act there have been some significant changes in licensing procedures and requirements. It listed the following areas where …
The Professional Insurance Agents of Connecticut Inc. met with Insurance Commissioner Susan Cogswell and her staff late last week to discuss issues affecting the industry during the upcoming legislative session. The PIACT noted that one of its main goals this …
In a show of support for the New York Insurance Department’s efforts promoting “Get Smart About Insurance Week,” the Independent Insurance Agents & Brokers of New York Inc. hosted Superintendent of Insurance Gregory V. Serio during his recent visit to …
Both the Property Casualty Insurers Association of America (PCI) and the American Insurance Association issued bulletins giving a thumb’s up to the New Jersey’s Supreme Court’s unanimous decision in the case of Vassiliu v. Daimler Chrysler, Prudential and others, which …
United National Group, Ltd., a specialty insurer, headquartered in the Cayman Islands, announced that its subsidiary, Diamond State Insurance Company, has entered into a settlement with Bank of America and Platinum Indemnity Limited relative to litigation pending in the U.S. …
The U.K.’s Chartered Insurance Institute (CII) has signaled its determination to assist the London Market in its efforts to improve standards, by adding a bank of sector specific questions to its insurance ASSESS online competency system. Companies in the London …
AXA Art Insurance Ltd, a division of France’s AXA Group based in London, has offered a reward of up to C$150,000 (U.S.$116,000) for information leading to the recovery of the five signed ivory sculptures stolen from the Art Gallery of …
Bermuda’s XL Capital, Ltd announced a series of senior management appointments yesterday affecting both XL Re Ltd, its reinsurance division, and the company’s insurance operations, following the retirment of retirement of Nicholas Brown as chief executive. XL announced that: “Mr. …
East Lansing, Mich.-based insurer American Physicians Capital Inc. announced that it is continuing with its plan to exit the workers’ compensation business, but has determined that nonrenewing its policies is the most effective way to exit the market. As a …
The Louisiana Insurance Rating Commission approved a reduction in auto rates for two members of the United Services Auto Association group of companies. According to Associated Press reports, the two companies, United Services Auto Association and USAA Casualty Insurance Company—which …
