The Paris office of Standard & Poor’s Ratings Services has issued a statement indicating that it does not expect the proposed merger of Finaxa (not rated) into AXA (A/Stable/A-1) to affect the ratings on AXA, nor those on AXA’s core …
La Mesa, Calif.-based Access E&S Insurance Services has promoted Roxanne L. Louie to the position of broker. She will be responsible for marketing and placement of new commercial business, including packages, E&O, property, GL, Excess and EPL. Louie most recently …
Trident Insurance Services LLC, a wholly owned subsidiary of San Antonio-based Argonaut Group Inc., has added identity recovery coverage to its offering of products designed for employees of public entities. Trident has partnered with The Hartford Steam Boiler Inspection and …
RemoteScan Corporation, the makers of network connectivity software for document scanners and digital cameras, announced the release of RemoteScan for Insurance Agents. Office workers at insurance agencies and branch offices can now use any kind of document scanner — including …
Vaughn McKoy, New Jersey director, Division of Criminal Justice, announced that an Essex County doctor and his niece have been ordered to pay more than $30,000 in restitution and fines after pleading guilty to multiple counts of insurance fraud, including …
A.M. Best Co. has affirmed the financial strength rating of B++ (Very Good) and has upgraded the issuer credit rating to “bbb+” from “bbb” of Electro Re SA (Luxembourg). The outlook is stable. The rating action reflects Electro Re’s excellent …
Specialty Underwriters’ Alliance Inc., a property and casualty insurer, announced the implementation of its collateral recovery customer class through its partner agent, AEON Insurance Group. Collateral recovery is designed for the professional repossessor and offers coverages for general liability, auto …
Calling insurers “dead wrong” for canceling or non-renewing homeowners who file a legitimate insurance claim, California Insurance Commissioner John Garamendi announced new regulations to protect homeowners from unfair “use it and lose it” practices. The new regulations will require that …
On Wednesday, thousands of physicians were scheduled to descend upon Capitol Hill to voice support for medical liability reform to address the rise in medical malpractice premiums. These physicians will be lobbying for a federal cap on non-economic damages. The …
Colorado Gov. Bill Owens vetoed legislation (SB 25) that would have put in place automatic inflation adjustments for the cap on non-economic damages, according to The Property Casualty Insurers Association of America. “PCI urged Gov. Owens to veto the bill …
