In a recent hearing before the House Commerce Committee of the New Hampshire legislature the Professional Insurance Agents of New Hampshire Inc. spoke out against House Bill 1161, which it feels would erode some of the important protections set up …
The Property Casualty Insurers Association of America praised the actions of the Massachusetts Legislature’s Joint Committee on Commerce and Labor for its approval of a bill, HB 1622, that would protect Massachusetts businesses from legal attacks resulting from the application …
New York Central Mutual (NYCM) has selected the ISO’s “HomeValue” ™ to estimate residential replacement values in order to write insurance policies that accurately reflect the real costs of rebuilding a house. “ISO HomeValue, which was developed by ISO’s subsidiary …
The Professional Insurance Agents of New York State Inc. expressed the organization’s satisfaction at the fraud fighting efforts of both the NYSID (see previous article) and the Automobile Insurance Fraud Unit (AIFU) within the Attorney General’s Office. Together they account …
The New York State Insurance Department’s Frauds Bureau 2003 Annual Report details some significant achievements made over the past year to combat insurance fraud. The Bureau racked up a record number of fraud arrests, put more fraud investigators in prosecutors’ …
A.M. Best Co. announced that it has withdrawn the Best’s Syndicate Rating of “A-” (Excellent) of Lloyd’s Syndicate 1400, which is managed by Danish Re Syndicates Ltd., and assigned it an NR-4 (Company Request) rating. Trident II, L.P., a $1.4 …
California-based Computer Sciences Corporation has signed a five year, $30 million information technology [IT] outsourcing agreement with Norwegian insurer Vesta, a division of the Tryg Vesta Group, the second largest general insurer in the Nordic countries. The new agreement follows …
The American Insurance Association applauded the adoption of a new free trade agreement with Costa Rica that will phase out one of the world’s last government monopolies and help insurance companies in the U.S. and Central America. Praising U.S. trade …
Insurance Journal has discovered that there is an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722) in connection with the issuance of more than 1,000 phony Errors & Omissions policies for life insurance agents in some …
Copart Inc. announced that it has opened a new salvage facility in Helena, Montana. With the addition of this 22-acre location Copart now has 105 locations in the United States and Canada. “We added the Helena facility in response to …
