Standard & Poor’s Ratings Services has affirmed its ‘A’ counterparty credit and financial strength ratings on Liberty Mutual Insurance Co. and related entities (see ratings list). At the same time, Standard & Poor’s affirmed its ‘BBB’ counterparty credit rating on …
Walter Bell “In times of disaster the insurance industry is supposed to shine, and your industry did,” Alabama Insurance Commissioner Walter A. Bell said during a Tuesday afternoon panel discussion at the Society of Insurance Research annual conference in Atlanta. …
Seattle-based Safeco announced it is again expanding the product breadth available on its single-platform online sales center Safeco Now™. In a breakthrough move for small-business insurance sales, the company has introduced functionality allowing independent distributors to quote and issue commercial …
New York Attorney General Eliot Spitzer said Tuesday that two employees from a third insurance company- Zurich American Insurance Company (Zurich) – have pleaded guilty to criminal charges in connection with a bid rigging scheme. The employees both were senior …
A new industry study claims that the reactionary tactic of many leading brokers to abandon contingency commissions will ultimately lead to a significant hole in their bottom line earnings, as much as 25 percent, and will cause many brokers to …
Florida Attorney General Charlie Crist on Tuesday issued subpoenas to 11 insurance companies as part of an ongoing investigation into the business practices of the insurance industry. The subpoenas seek documents and records that involve questionable fee arrangements and possible …
Massachusetts Insurance Commisioner Julianne Bowler’s decision setting private passenger auto insurance rates for 2004 has been upheld by the state Supreme Judicial Court. A minor portion dealing with premiums for optional bodily injury coverage was remanded, however, for possible further …
LunchTimeCE, an online CE provider and affiliate of the Insurance Skills Center (ISC), has expanded its services from California to Washington and Alaska, with plans to enter additional Western States by the end of 2004. Licensed insurance professionals can take …
An insurance broker would be required to obtain written approval from a customer before receiving any compensation from an insurer for a piece of business under a model compensation disclosure act unveiled by the nation’s insurance regulators. A broker would …
In testimony today before a Senate subcommittee, Property Casualty Insurers Association of America President and CEO Ernie Csiszar urged public policy makers to give careful consideration to efforts that make insurance markets more competitive and insurance transactions more transparent. The …
