Senator Richard Alarcón (D-Van Nuys) said “the refusal of the Workers’ Compensation Insurance Ratings Bureau (WCIRB) to put a figure on the potential savings of the governor’s reform package signals the insurance industry is once again unwilling to guarantee that …
Lockton Insurance Brokers, the nation’s largest independently owned insurance broker, has named Bob Hussmann vice president and employee benefits practice leader. He will be based in Lockton’s recently opened San Francisco office. Hussmann is a 25-year veteran of the insurance …
A.M. Best Co. affirmed the “A” (Excellent) financial strength rating of General Insurance Corporation of India (GIC) (Mumbai, India) and the “A” (Excellent) rating of New India Assurance Company Limited (New India) (Mumbai, India). The outlook for both companies is …
The Arkansas Insurance Department issued the following bulletin clarifying changes to the rules for company appointment renewals required by legislation passed in 2003: Every insurer (“company”) appointing an agent in the state shall file with the Insurance Commissioner an initial …
New York-based BWD Group, which offers a full range of insurance products, employee benefits programs and administrative services, announced the opening of their Florida office for BWD Insurance Group. The company is located at 1211 N. Westshore Blvd., Suite 419, …
Oklahoma Insurance Commissioner Carroll Fisher pleaded innocent to four felony charges, including: failing to register his foundation as a charitable organization, failing to report donations and failing to keep receipts, as well as depositing into private accounts $40,000 in contributing …
Alabama-based Infinity Property and Casualty Corporation, a provider of personal automobile insurance with an emphasis on non-standard auto insurance, has closed the previously announced offering of $200 million Senior Notes due 2014. The Senior Notes will pay a coupon of …
Shawn Lowry, president of Overland Park, Kan.-based Brooke Corp.’s franchise subsidiary, announced the introduction of a Brooke franchise for insurance agents that specialize in the sale of automobile insurance. Lowry said that auto insurance sales is more of a “servicing-type …
East Lansing, Mich.-based medical liability insurer American Physicians Capital Inc. announced net income of $102,000, or 1 cent per share for the fourth quarter of 2003. For the year, the company reported a net loss of $76.8 million, or $9.02 …
For over twenty five years, Kevin Cotter has been on the information technology fast-track, ensuring that Amica Insurance’s ERP (Enterprise Resource Planning) systems stay in step with changing consumer demands. His task has been all the more daunting considering the …
