Cunningham Lindsey U.S. Inc. (CLUS), based in Dallas, was named as one of six companies approved to provide claims administration services for Citizens Property Insurance Corporation (Citizens). CLUS said Citizens determined the selection criteria and the standards of performance needed …
If medical malpractice legislation comes to the floor of the Connecticut House before it adjourns on May 5, Republicans plan on attaching provisions to cap medical awards. Legislative committees weighing the issue for months have advanced legislation but none of …
Penn National Insurance of Harrisburg, Pa. is issuing $50 million in surplus notes of Pennsylvania National Mutual Casualty Insurance Company. Bear, Stearns & Co. Inc. will serve as the sole bookrunning manager for this offering. The company is planning to …
The nation’s terrorism insurance law is not necessary to ensure the availability of affordable terrorism coverage for most areas of the country and should be allowed to expire, according to a study released by the Consumer Federation of America. In …
A.M. Best Co. announced that it has affirmed the financial strength ratings of the property/casualty and life affiliates of the State Farm Group, and has revised the negative rating outlooks assigned to certain subsidiaries to stable. According to the mutual …
U.S. Senator Frank R. Lautenberg and New York City Comptroller William C. Thompson Jr. will host a press conference today, April 22, at 1:30 PM, to announce an amendment to the upcoming FSC-ETI bill to close a loophole that allows …
Leading agency-management software maker AMS will announce that it has added quoting new business into the workflow of its year-old TransactNow Web bridge product at its 28th national users’ group conference this week in Indianapolis, according to a company executive. …
New York State Assemblyman Peter M. Rivera has proposed requiring all dog owners in the state to carry liability insurance for their pets. He has nicknamed his bill “Elijah’s Law” for a 3-year-old boy, Elijah Torres, who was seriously injured …
Nearly 1,000 Prudential Financial Inc. employee-insurance agents across the country are now members of a white-collar union. The New York-based Office and Professional Employees International Union, Local 153, won the right to represent agents in 34 states who work directly …
Marsh & McLennan Companies, Inc. reported financial results for the quarter ended March 31, 2004. Consolidated revenues increased 13 percent to $3.2 billion from $2.9 billion in the first quarter of 2003. Net income rose to $446 million, and earnings …
