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Monthly Archives: <span>May 2013</span>

Swiss Re Reports $1.4 Billion Q1 Net Income; Combined Ratio of 72.4%

Swiss Re’s earnings report reflected the lack of significant catastrophe events in the first quarter of 2013, which, except for the nasty winter weather in many parts of the world, didn’t see any high cost loss events. The world’s second …

RSA Posts 7% Premium Growth in Q1 2013; Net Asset Value up 5%

Farewell to our Friend and Colleague, Brad Wolf of InterWest Insurance Services

Bradley Michael Wolf 3/27/1979 – 4/26/2013 Sacramento, CA, 05/02/13 – On April 26, 2013 the insurance industry lost one of the most talented individuals. Brad Wolf wasn’t only an insurance professional, but first and foremost a Son, brother, uncle and …

Arizona Third State to Allow Posting Policies Online

Arizona Gov. Jan Brewer signed a bill that allows a property/casualty insurer to post policies online and send a link via email to policyholders in lieu of providing a hard copy. Brewer signed HB 2565, which allows an insurer to …

Crackdown on Mass. Auto Insurance Fraud Leads to Big Savings: Report

A crackdown on auto insurance fraud in Lawrence, Mass., prompted by the death 10 years ago of a great-grandmother in a staged accident has saved the city’s motorists $68 million in premiums, and hundreds of millions more across Massachusetts, according …

Maryland Consumer Advisory Explains Basics of Umbrella Insurance

The Maryland Insurance Administration on Tuesday issued a consumer advisory explaining the basics of umbrella insurance and how consumers may benefit from the coverage. Maryland regulators explained in its advisory that an umbrella insurance policy provides extra liability insurance protection …

Massachusetts AG Announces $200K Settlement With Safety Insurance Co.

Auto insurer Safety Insurance Company agreed to pay more than $200,000 to settle allegations that it overcharged hundreds of inexperienced drivers by failing to reduce premiums as consumers gained additional years of driving experience. The settlement was announced Tuesday by …

Applied Systems Acquires IVANS P/C Business

Insurance software vendor Applied Systems said it has completed its acquisition of the property/casualty business of IVANS, which has been providing products for insurance data exchange and integration between insurance carriers and agencies for more than 30 years. The IVANS …

Wyoming Serves Casper With Notice Over Asbestos

Montana officials have served the city of Casper and a contractor with notices alleging they failed to fully test for asbestos before demolishing an abandoned house. The Casper Star-Tribune reported that a notice from the Department of Environmental Quality alleges …

Montana Governor Signs Law to Crack Down On Drunken Driving

Montana Gov. Steve Bullock has signed into law a measure that will allow judges to look back 10 years to add penalties for multiple drunken-driving offenders. Attorney General Tim Fox says his bill sponsored by Republican Rep. Christy Clark of …