The Consumer Federation of California (CFC), a leading nonprofit consumer advocacy group, has awarded Fireman’s Fund Insurance Company an A- for its privacy policy, the highest grade assigned to any property and casualty insurer doing business in California. Northern California-based …
The Professional Insurance Agents of Connecticut Inc. is also concerned about the proposed changes addressed in House Bill 5200, but disagrees with the position taken by the AIA (see related article). The organization issued a bulletin, noting that they could …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of the reinsurance subsidiaries of Inter-Ocean Holdings Ltd. (Inter-Ocean) (Bermuda). The rating applies to Inter-Ocean Reinsurance Company Ltd. (Bermuda) and Inter-Ocean Reinsurance (Ireland) Ltd. Best …
The Insurance Bureau of Canada (IBC) has announced an action plan to bring premium rates down quickly throughout the province of New Brunswick. It’s being adopted in response to government pressure and public outcry over N.B’s high cost of auto …
GE ERC announced four key appointments, which it indicated, were “aimed at strengthening its connection with customers.” GE Global Asset Protection Named Dane Lopes Vice President, Sales. GE Frankona Re announced the appointments of Rudi Flunger as Manager of the …
Munich Re has released its 2003 study of natural catastrophes, which concludes that “after three years of relative calm, no fewer than five great natural catastrophes(based on U.N. criteria) occurred in 2003.” Parts of the study were released last November …
The American Insurance Association has issued a bulletin urging Connecticut legislators to support the creation of a terrorism exclusion in the Standard Fire Policy (HB 5200). “This change will help to stabilize the insurance marketplace by removing an unpredictable and …
A Bossier City, La. insurance company trying to solicit business with a mass mailing prompted fears of an anthrax attack because the letters included a painkiller pill that had become crushed into a white powder in the mail system. According …
The Independent Insurance Agents and Brokers of Louisiana (IIABL) announced the launch of a nation-wide campaign to attract insurance companies to Louisiana. The campaign kicked off with the nationwide distribution of “Louisiana: A Landmark Opportunity,” an executive summary designed to …
Florida-based FPIC Insurance Group, Inc. reported net income of $4.9 million, or $0.49 per diluted share, for the fourth quarter 2003, compared to net income of $5.0 million, or $0.53 per diluted share, for the fourth quarter 2002. Operating earnings …
