Auto insurance rates for Michigan policyholders rose slower than the national average in 2003, according to the Insurance Institute of Michigan (IIM). Michigan’s auto insurance rates increased an average of 7 percent last year, below the expected national average of …
Castle Data Services has signed an agreement with Allied Insurance, a Nationwide Company, to provide them with replacement cost data through the use of Castle’s online replacement cost estimator. A client since 1995, Allied has relied on Castle Inspection Service …
A Dallas jury convicted aviator Michael Lee Harms, of Grapevine, Texas, on federal charges that he defrauded the Office of Workers’ Compensation program. The Associated Press reported that the charges stem from a workers’ comp claim filed by Harms in …
Hotchkiss Insurance Agency Inc. (HIA), which provides insurance services to the building industry and related trades in the State of Texas, announced that the Texas Department of Insurance has approved its application to form and maintain the Texas Green Industry …
Pinnacle Training & Consulting, headquartered in Simsbury, Conn., a leading provider of training, implementation services, and insurance education to the insurance industry, announced that Lisa Colletto has been named a partner and is now Director of Agency Services and Resource …
Allmerica Financial Corporation, of Worcester, Mass., announced that Joseph R. Ramrath has been appointed to the company’s Board of Directors, effective immediately. He is a managing director of Colchester Partners LLC, an investment banking and strategic advisory firm located in …
The New York Senate’s Standing Committee on Insurance, heard from a number of interested parties, including various industry groups, regarding growing concerns about insurance fraud, particularly staged accidents, that abuse the state’s no-fault auto insurance system. Committee Chairman James L. …
A.M. Best Co. announced that it has assigned an initial issuer credit rating of “bbb-” to Tower Limited and an “A-” (Excellent) financial strength rating to Tower Insurance Limited. It said the outlook for both of the New Zealand-based companies …
Bermuda’s PartnerRe Ltd. continues to see increasing revenues. Following its good earnings report (See IJ Website Feb.10), the company announced that during the January 2004 renewal season it had bound Non-Life contracts which are expected to generate $2 billion in …
Standard & Poor’s Ratings Services announced that it has revised its outlook on U.K.-based insurers AXA Insurance U.K. PLC, AXA General Insurance Ltd., and AXA Direct Insurance Ltd. (collectively AXAI) to negative from stable. S&P also affirmed its ‘A+’ long-term …
