April 14, 2004
IVANS, Inc., a provider of networking services for the insurance and healthcare industries, has launched a new wireless fidelity solution (Wi-Fi) for insurance carriers that speeds their ability to remotely process claims and improve customer service. The new Wi-Fi service …
April 14, 2004
Zurich, North America reports that the board of the Casualty and Surety Club of New York has elected William J. Casey, Jr., vice president of Zurich’s Northeast region, as its new president. Casey served as the organization’s first vice president …
April 14, 2004
New Jersey-based Selective Insurance Group Inc. has announced the successfully completed rollout of the company’s fully integrated Web-based commercial lines system. “Web-based CLAS” offers policy quote, issue, endorsement and renewal processing for commercial lines products over the Web, directly from …
April 14, 2004
Farms have changed, and so have the risks. The addition of computer-controlled technology to traditional farm equipment has significantly increased exposures, yet many farms lack insurance protection when equipment breaks down. The Hartford Steam Boiler Inspection and Insurance Company (HSB) …
April 14, 2004
A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) of The Nichido Fire and Marine Insurance Company Ltd. of Japan and its reinsured affiliate, Nichido Insurance Company (Pacific) Limited (Guam). The outlook has been revised to stable …
April 14, 2004
U.S. Senator John Sununu (R-N.H.) told independent agents that while prospects for asbestos reform are not bright, there is a good chance class action reform may emerge from this Congress. He also said that Rep. Mike Oxley’s insurance regulation proposal …
April 14, 2004
A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of the OneBeacon Insurance Group (Boston, Mass.) and Folksamerica Reinsurance Company (New York, N.Y.). OneBeacon’s rating is based on its strong capitalization and improved earnings prospects, which are …
April 14, 2004
New Jersey Banking and Insurance Commissioner Holly C. Bakke announced a new department initiative that focuses on corporate governance and demands more accountability from insurance industry decision-makers. “Policyholders have a right to financially stable and solvent companies that will be …
April 14, 2004
Manulife Financial Corporation has received approval from the Massachusetts Division of Insurance (DOI) for its proposed merger with John Hancock Financial Services, Inc. The DOI is the principal U.S. regulator for John Hancock. During the hearing held by the DOI, …
April 13, 2004
SIAA Inc., a network of partnering independent insurance agencies in the country, announcesdthat Access Insurance Services, Inc. in Arcadia, Calif. has established ACCESS Independent InsurancePro Alliance as a SIAA Master Agency. Their territory will cover parts of Los Angeles, Orange, …