A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) of Nonprofits’ Insurance Alliance of California (NIAC). The rating outlook is stable. According to Best, the rating reflects NIAC’s sound capitalization, excellent operating performance driven …
Georgia Insurance Commissioner John Oxendine said an investigation by his office resulted in the arrest of two insurance agents in Albany, Ga. Arrested were sisters Tiawanna Thomas Moore and Kimberly Thomas Goodman. Goodman has been charged with one count of …
Southwestern Insurance Information Service (SIIS) announced that its Public Policy Forum, “A Preview of the 2005 Texas Legislative Session,” will now offer two hours of Continuing Legal Education credits from The State Bar of Texas. The Forum will be held …
The Workers Compensation Research Institute (WCRI), based in Cambridge, Massachusetts, announced it will present the most recent results for Texas from the 5th Edition of the annual WCRI CompScope™ multistate benchmarks study on Dec.14 in Austin. The benchmark study, to …
The Independent Insurance Agents & Brokers of America (the Big “I”) has congratulated President George W. Bush and all of the winners in House and Senate races, and looks forward to working with all of the nation’s elected leaders in …
North Carolina Insurance Commissioner Jim Long today announced a voluntary settlement agreement between the North Carolina Department of Insurance (NCDOI) and two companies, UnitedHealthcare of North Carolina Inc. (an HMO) and United HealthCare Insurance Company. The settlement comes after NCDOI …
The four hurricanes that ravaged the Southeast resulted in a net $12.6 million third-quarter loss for Springfield, Ill.-based insurer Horace Mann Educators Corp. The company has made a profit of $28 million, or 65 cents per share, for the year …
Prudential Financial has confirmed it has received subpoenas from regulators as part of an ever-widening probe into the insurance industry’s sales practices. Speaking from Newark, N.J., during the company’s third-quarter earnings conference call, Arthur Ryan, chairman and CEO said Prudential …
Hull & Company in Fort Lauderdale, Fla. has announced it will offer Florida insurance agents an “A XV” choice in homeowners coverage. The Internet-based program, which allows agents 24/7 access to rate, quote, bind, and issue, was developed in 1994. …
Oakland, Calif.-based EQECAT Inc. announced that in response to growing concerns over increasing wildfire and flood losses, it has released the first probabilistic models for managing property risk due to wildfire and flood in the U.S. “Industry losses due to …
