Insurance companies would be required to pay living expenses for two years instead of one for homeowners who lose their houses in fires or other natural disasters under a bill approved Monday by the state Senate. The bill, by Sen. …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of Hong Kong-based Wing Lung Insurance Company Limited (WLI) with a stable outlook. “The rating reflects WLI’s continuous strong operating performance, solid capitalization and improving …
Dublin-based Research and Markets has announced the addition of UK Commercial Liability Insurance 2005 to their offering, which it describes as “a market based report looking in-depth at the three key liability sectors about which little objective information is available: …
Kinnect, the electronic platform develped by Lloyd’s, which securely exchanges risk data and wordings between brokers and underwriters, has won two awards from international standards body ACORD. “The platform has won the Business Integration Enabler Award for its work using …
Pleased with no last minute surprises to insurers, the Property Casualty Insurers Association of America (PCI) has commended the Iowa Legislature and Gov. Thomas Vilsack for taking positive and progressive steps on this year’s insurance-related bills. “During this year’s legislative …
A request by the Westfield Insurance Company for a 7.7 percent decrease in private passenger automobile rates, and a 6 percent decrease in homeowners rates, has been approved by the West Virginia Insurance Commission. The new rates go into effect …
John J. Kelly, chairman of the Board of New Orleans-based Pan- American Life Insurance Company, announced the appointments of Kenneth C. Mlekush and Nicholas R. Rasmussen to the company’s Board. Both have extensive financial services experience, including senior executive positions …
A Tangipahoa, La., insurance producer received a cease and desist order from the Louisiana Department of Insurance for allegedly bilking her employer, insurance producer Henry Powell, Jr., of more than $250,000. The DOI reported that its Fraud Unit investigators, accompanied …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of Japan’s Aioi Insurance Company Ltd. with a stable outlook. “The rating reflects Aioi’s excellent market profile, strong risk-adjusted capitalization and quality investment portfolio,” said …
Lauri Neubauer has been hired as a commercial account specialist at Bowers Insurance Inc. of Hagerstown, Md. Neubauer has been in the insurance business for 27 years. “Lauri has a very strong background in the insurance business and has many …
