The Association of California Insurance Companies (ACIC) is opposed to legislation that would restrict efforts to make insurance available and force insurers to charge rates that do not reflect the risk of loss, announced ACIC President Sam Sorich. The bill, …
The American Insurance Association (AIA) on Monday commended Gov. Kathleen Sebelius (D) and the Kansas legislature for enacting HB 2357 into law. This measure, which creates a self-audit privilege for insurers, was signed by Gov. Sebelius last Friday. “The purpose …
Kansas Gov. Kathleen Sebelius has signed 17 bills into law and vetoed one. During the 2005 session, she has signed 152 bills and vetoed four. Among the signed bills related to the insurance industry: Clarifications to health insurance policies HB …
In a “Legal Backgrounder” published by the Washington Legal Foundation (WLF), National Association of Mutual Insurance Companies (NAMIC) Public Policy Director Robert Detlefsen explained why group variations with respect to credit scores do not justify restricting the use of credit-based …
XL Capital Ltd. announced the launch of LossLink, a searchable database of financial losses experienced by industries globally. LossLink was developed by XL’s insurance operations (“XL Insurance”) and contains more than 2,000 entries profiling significant losses among various industries in …
AIG Aviation Inc., a member company of American International Group Inc. (AIG), announced the launch of Excess Aviation War Liability coverage. The new product, an extension of AIG Aviation’s insurance portfolio, is designed to help corporate flight departments and owners …
The Risk and Insurance Management Society Inc. (RIMS) elected Ellen Vinck, as president of the Society at the House of Delegates meeting Sunday, April 17. Her term begins May 1, 2004 and is a one-year position. Vinck has served on …
The Risk and Insurance Management Society Inc. (RIMS) has named William Zachry, vice president – Workers Compensation, of Safeway Inc., as the recipient of the 2005 Richard W. Bland Memorial Award. Zachry received his award Monday at RIMS’ Annual Membership …
Fortress Global Investigations has launched Agent Check Plus, a program to assist insurance companies in identifying questionable agents, brokers and other representatives. Agent Check Plus was reportedly created in response to increasing incidence of theft and misrepresentation by unscrupulous agents …
Michael Browne, president and chief executive officer of Pennsylvania-based Harleysville Group Inc. and Harleysville Mutual Insurance Company, has been elected to a three-year term on the board of directors of the Insurance Federation of Pennsylvania. Browne was named Harleysville’s chief …
