XL Capital Ltd announced that it has contributed $100 million of additional capital to support the business growth of its financial guaranty insurance unit, XL Capital Assurance Inc. (XLCA). The Unit’s statutory capital was $127.8 million as of September 30, …
URAC, the nonprofit organization that accredits and certifies (AC) health quality after utilization review (UR) has selected ACE Global Markets (AGM), a subsidiary of ACE Limited, to provide Privacy and/or Security Accreditation programs for several new insurance policy offerings. The …
Combined Agents of America LLC (CAA), based Austin, Texas, reported that Seattle-based Safeco has signed a master contract with all 28 CAA member agencies. Under the contract all CAA members gain access to this major company market while also profiting …
The Insurance Council of Texas (ICT) announced it elected Richard A. Mayer to serve as chairman of the board of directors beginning Jan.1, 2004. Mayer was elected at the December board meeting in San Antonio. Mayer is the assistant vice-president …
Washington Gov. Gary Locke, House Speaker Frank Chopp, Senate Democratic Leader Lisa Brown and state Insurance Commissioner Mike Kreidler recently unveiled a proposal to help improve the safety of medical patients and control the cost of medical malpractice insurance for …
Tennessee-based PureSafety announced that the company has expanded its driver safety course library to help meet the comprehensive training & risk management needs of companies operating motor vehicle fleets of any kind. The seven-course online library is designed to educate …
The ACE Group of Companies announced that, as part of its five-year commitment to aid the families of victims of the September 11 tragedy in the United States, ACE will be donating $500,000 each to World Vision and The Coalition …
Zurich North America (www.zurichna.com) announced the launch of a new web-based service that provides small business insurance agents and their customers with industry-specific risk engineering support. Called Virtual Consulting, the system helps small businesses identify causes of loss and recommends …
Massachusetts’ Attorney General Tom Reilly is appealing the Division of Insurance’s December 15 ruling, arguing that a 2.5 percent increase in the cost of auto insurance is unwarranted and will result in close to $100 million in additional costs for …
Lloyd’s CEO Nick Prettejohn announced that the market will have the capacity to underwrite £14.9 billion ($26.91 billion*) of business in 2004, equal to Lloyd’s year-end 2003 capacity figure. He said the 2004 figure, which maintains the level of capacity …
