Cover-All Technologies Inc., a Delaware Corporation, announced that on June 28, 2001, it raised $1.8 million through a private placement of 8 percent convertible debentures with investors headed by the Renaissance Capital Group of Dallas, Texas. According to Cover-All Technologies, …
Taylor Cosby, American Insurance Ass’n., VP – mid Atlantic region, praised the work of Delaware’s General Assembly as it wound up the first part of its two year session. Cosby noted that financial service regulation reform, as provided for by …
The Delaware Senate passed House Bill #205, which authorizes the insurance commissioner to adopt regulations on consumer privacy consistent with the Gramm-Leach-Bliley Act. Joseph Termini, associate counsel for the National Association of Independent Insurers, cautioned that regulators should apply a …
A recent jury decision should put up red flags for insurers: Take care of toxic mold claims adequately and promptly, or risk being assessed millions of dollars. That warning came in the form of a $32-million award to a Dripping …
Redondo Beach, Calif.-based ProcessClaims announced the closing of their latest round of financing led by meVC Draper Fisher Jurvetson Fund I. Big Sky Partners, who led the previous round, is again participating in the current round of financing. meVC Draper …
Travis County District Court jury to the insurance industry: take care of toxic mold claims adequately and promptly or risk being assessed millions of dollars. That warning came in the form of a $32-million award to a Dripping Springs family …
Not surprisingly, compensation continues to be the single largest agency expense. The average independent agency in the U.S. spent between 62.2 percent and 66.3 percent on compensation in 2000, according to The Middleton Group’s biannual Compensation Survey. Some 2.3 million …
Less than half of the states are likely to have their own privacy rules in place by the July 1 deadline imposed by the Gramm-Leach-Bliley Act (GLBA), a survey conducted by the National Association of Mutual Insurance Companies (NAMIC) shows. …
Sable Insurance Company received an “R” FSR from S&P. The company was placed into conservation in May by the California Department of Insurance, relating to an insolvency of more than $12.9 million. A subsidiary of Reliance National Indemnity Co. and …
The insurance brokerage and financial services distribution company Alliant Resources Group Inc. announced its acquisition of San Diego-based Robert F. Driver Co. Inc., one of the largest independent insurance brokerage firms on the West Coast. Driver Chairman and CEO Tom …
