The U.K.’s Chartered Insurance Institute (CII) announced that it’s introducing two specialist teams within its business development function in order to achieve “a more focussed approach to the way it does business with its key markets.” “The teams will concentrate …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of Heddington Insurance (U.K.) Limited (HUK), a captive company of Chevron Corporation, and has assigned an issuer credit rating of “a+”. The outlook on both …
Just over seven percent of American workers drink during with workday, mostly at lunch, and even more, nine percent, have nursed a hangover in the workplace, according to a study. Young, single men are tied most often to workplace-related drinking, …
First Acceptance Corporation, a provider of private passenger non-standard automobile insurance, has acquired certain assets of Insurance Plus Agency II Inc. and Yale International Insurance Agency Inc. These agencies sell private passenger non-standard automobile insurance primarily in the Chicagoland area …
Allstate, New York State’s biggest writer of homeowners insurance, is pulling back from writing new business in New York metropolitan coastal areas in order to limit its exposure to future storm losses. The insurer made the “difficult decision” to stop …
A paper issued Thursday by Americans for Insurance Reform (AIR) is “untrue, irresponsible and reckless,” according to the American Insurance Association (AIA). “Tens of thousands of insurance company employees have worked around the clock since Hurricane Katrina struck to overcome …
Evolution Insurance Brokers, (“EIB”) is pleased to inform its independent producer network that effective October 1, 2005, an opportunity for additional excess and surplus lines coverage is available with authority from certain underwriters of Lloyd’s of London. In the past, …
Insurance broker and risk management consultant Beecher Carlson has significantly expanded its presence in the northeast region with the recent addition of 12 industry professionals in its Boston office. Beecher Carlson first established its presence in Boston in March 2005 …
Arizona’s Democratic Gov. Janet Napolitano has offered a $100 million tax-relief package focused on school children, health care insurance and fuel-thrifty vehicles — a dramatic contrast from broader and bigger tax cuts on Republican lawmakers’ wish-lists. Napolitano used her State …
A doctor has pleaded not guilty to charges of bilking insurance companies by arranging unneeded surgeries with the cooperation of patients. Dr. Mamdouh Bahna, 58, who entered his plea in federal court, was taken into custody Jan. 1 at Los …
