The Target Markets Program Administrators Association (TMPAA) based in Wilmington, Del., awarded two of its member agencies – Abacus Insurance Brokers Inc. and National Specialty Underwriters – the Association’s Best Practice Designation. TMPAA’s Best Practice Evaluation is one element of …
PersonalUmbrella.com of Emeryville, Calif., announced that American Alternative Insurance Corp. (AAIC) will be the insurer of its online personal umbrella program. AAIC is a subsidiary of Munich Re America Corp. and an affiliate of Munich Reinsurance America Inc. The company …
A.M. Best Co. has revised the outlook to stable from positive and affirmed the issuer credit rating (ICR) of “bbb” of Upland Mutual Insurance, Inc. of Junction City, Kansas. Best also affirmed Upland’s financial strength rating (FSR) of ‘B++.’ The …
State Farm Fire and Casualty Company is going to have to pay the defense costs of the two former agents the insurance company fired, and then sued, according to a court decision handed down last week. The well-known dispute between …
Arizona-based Trillium Management Services Inc. announced it will acquire Geneva Insurance Company Inc. of Indianapolis, Ind., in a transaction that is expected to close in December 2009. Geneva was formed in 1999 by Ronald J. Glanzman its sole shareholder. The …
Members of the Maricopa County Board of Supervisors are holding a hearing Wednesday to discuss adding a $20 fee to photo enforcement tickets issued by the Department of Public Safety. Drivers who fail to pay their photo enforcement tickets would …
The Arizona Department of Insurance has fined Aetna Life Insurance Company and Aetna Health, Inc., after examination of their practices exposed multiple violations of Arizona insurance laws. The department has ordered the companies to pay civil penalties of $57,250 and …
A national trade organization estimates the number of lost construction jobs in South Dakota at 1,400 during a year in which a weak economy and tight credit slowed developers and builders. The 6 percent drop in South Dakota jobs, from …
State funds blunt the impact of bigger losses through concerted loss prevention efforts. An insurance industry think tank has concluded that 25 public and quasi-public workers’ compensation insurance plans perform better financially than the private market in a number of …
State funds blunt the impact of bigger losses through concerted loss prevention efforts. An insurance industry think tank has concluded that 25 public and quasi-public workers’ compensation insurance plans perform better financially than the private market in a number of …
