A.M. Best Co. has downgraded the financial strength rating to B+ (Very Good) from A- (Excellent) of Providence Washington Insurance Companies (Providence, RI) and placed the rating under review with negative implications. The rating applies to the four inter-company pool …
U.S. Representatives Carolyn Maloney (D-NY) and Christopher Shays (R-CT) have filed legislation they say will significantly improve the way the federal government has responded to the health care needs of September 11 rescue and recovery workers and residents who live …
Chubb Group of Insurance Companies released a new package of insurance policies for community banks to help minimize coverage gaps through an integrated mix of six coverages tailored to each customer’s needs. Chubb’s ForeFront Portfolio for Community Banks consists of …
Atlanta-based Ebix Inc., an international supplier of software and e-commerce solutions to the insurance industry, announced its financial results for the year ended Dec. 31, 2003. The company reported its third consecutive full-year profit, with annual net income being the …
New York Superintendent of Insurance Gregory V. Serio and officials from the International Commission on Holocaust Era Insurance Claims (ICHEIC) announced that approximately $16 million in humanitarian payments are going out to approximately 16,000 ICHEIC claimants in 63 countries who …
The Maine Legislature’s Labor Committee has reported unanimous support to pass a bill proposed by Governor John Baldacci that will amend the structure of the state’s Workers’ Compensation Board. Frequent deadlocks resulting from the current eight-member board prompted the governor …
Editor’s note: Proceedings against Dr. Deidre Callanan of Holyoke have been dropped since this story first ran. The Massachusetts Board of Chiropractors has initiated separate disciplinary proceedings against five chiropractors for allegations of insurance fraud. Each chiropractor has been given …
ABD Insurance and Financial Services announces the appointment of Dan Francis as Chief Operating Officer. Francis will assume responsibility for the company’s overall business strategy and tactics and ongoing growth initiatives. He will work directly with President and CEO Fred …
The American International Auto Dealers Association (AIADA) has indicated that traffic safety of aging Americans is fast becoming one of the greatest public safety concerns of government, auto manufacturers, and insurance companies. “According to federal data, the number of Americans …
PAULA Financial reported net income for the fourth quarter of 2003 of $0.08 per share compared to $0.03 per shares for the 2002 period. Total revenue for the fourth quarter of 2003 was $5.2 million compared to $4.0 million for …
