Accenture and Guidewire Software Inc. have agreed to resolve all outstanding patent litigation between the companies concerning their respective insurance claims management software. San Mateo, Calif.-based Guidewire has agreed to pay an undisclosed sum to New York, N.Y.-based Accenture, with …
Medicus Insurance Co. is now offering medical professional liability coverage to physicians and surgeons in Washington. Medicus is an admitted insurer in 31 states from coast to coast. Medicus offers Medicus Advantage Gold, a policy endorsement that protects insureds’ electronic …
Travelers Cos. is the latest large insurance company to say the asbestos problem, which the industry was supposed to have put behind it long ago, has not gone away and may be getting worse. Travelers put 25 percent more into …
Westfield Insurance, headquartered in Westfield, Ohio, has selected Dennis Baus to lead the company’s surety operations. Baus assumes the national surety Leader responsibilities on Jan. 1, 2012, replacing Rick Kinnaird who is retiring after 30 years with Westfield. Baus is …
Consumers who filed complaints with the Missouri Department of Insurance have received almost $10 million in additional claims payments from their insurance companies, the department announced. The Missouri DIO has recovered $9.9 for consumers through the first three quarters of …
Novato, Calif.-based Fireman’s Fund Insurance Co. has named David Zona as chief underwriting officer and Kathleen Zortman as chief field executive. As chief underwriting officer, Zona is responsible for setting the direction and priorities for commercial and personal insurance product …
Crash records are now easier to transfer with the recent launch of a new, secure web-based application that allows law enforcement agencies to send reports to the Texas Department of Transportation (TxDOT) electronically, the state transportation agency announced. TxDOT implemented …
A.M. Best Co. announced it has downgraded the financial strength rating to B+ (Good) from B++ (Good) and issuer credit ratings to “bbb-” from “bbb” of ILM Group (ILM) and its members, which include Indiana Lumbermens Mutual Insurance Co., Lone …
HealthSmart Holdings Inc., based in Dallas, Texas, has entered into a definitive agreement to acquire Wells Fargo Third Party Administrators Inc., the medical third party administration (TPA) business of Wells Fargo Insurance Services USA Inc. – part of Wells Fargo …
A Monmouth County, New Jersey, resident has been indicted for allegedly submitting a forged receipt in support of an insurance claim in an attempt to collect more than $24,000 to which he was not entitled. The indictment announcement was issued …
