Standard & Poor’s Ratings Services has said that a management consolidation plan between Sompo Japan Insurance Inc. (AA-/Stable/–) and NIPPONKOA Insurance Co. Ltd. (A+/Stable/–) could impact its ratings on the non-life insurers, depending on a rating review to be conducted …
The Arizona House Banking and Insurance Committee is evaluating a bill that would make changes to the state’s mandatory vehicle insurance requirements. According to bill text, in November 1997, Arizona began allowing citizens to use the Internet or telephone to …
Insurance broker Willis will become a new tenant of Sears Tower, and under an agreement with the building’s owners, the Chicago icon and tallest building in the Western Hemisphere will be renamed Willis Tower. Willis said it plans to consolidate …
The Supreme Court of California has reversed a decision by the state Appeals Court, weighing in on insurance coverage for environmental pollution liability. According to court documents in State of California v. Allstate Insurance Co. et al., the state of …
In an unusual case, a federal court in Virginia has found that a law firm’s malpractice policy can be voided because a partner failed to disclose to the firm’s insurance company that he had embezzled money from clients. The case …
Independent insurance agency Gillis, Ellis & Baker Inc., headquartered in New Orleans, has opened a new office in Houston under the name of Gillis, Ellis & Baker of Texas PLLC. “We have clients with operations in Texas, and we want …
Boston-based insurance industry analysis firm SMA Inc. has named Karen Furtado as partner. Furtado has more than 25 years of technical and business experience within the insurance industry, and has specific areas of expertise include application development, complex system implementations, …
The chairman of the Texas Committee on Insurance Fraud says telemarketers continue to harass the victims of auto accidents whether they have been injured or not. The group is endorsing a bill being introduced in the Texas House of Representatives …
Arkansas-based independent insurance agency Stephens Insurance LLC has added eight insurance professionals to its commercial insurance services team in Little Rock. The eight-member team hails from Regions Insurance in Little Rock. In Stephens Insurance’s Risk Management Division, Senior Vice Presidents …
The general liability line of insurance has produced industry-wide combined ratios below 100 percent for the past two years, but this profitable underwriting performance is unlikely to continue, analysts report. General liability losses and expenses are expected to increase faster …
