After launching in the West and first four central states, AMS Services is introducing its QuoteWorks rating product to remaining central and some southern states. New features of the QuoteWorks product include a client-based design that stores multiple quotes for …
Acceptance Insurance Companies Inc. announced that Rain and Hail, L.L.C and others have discontinued efforts to purchase its crop insurance assets, mainly its American Growers Insurance Company (AGIC) subsidiary, following the refusal of the U.S. Department of Agriculture’s Risk Management …
A.M. Best Co. announced that it has downgraded the financial strength ratings of Acceptance Insurance Companies Inc.’s two operating subsidiaries, American Growers Insurance Company of Lincoln, Nebraska, to ‘C-‘ (Weak) from ‘B++’ (Very Good), and its affiliate, Acceptance Insurance Company, …
Iowa and Utah have adopted consumer privacy regulations that closely follow a National Association of Insurance Commissioners’ (NAIC) model. National Association of Independent Insurers (NAII) Counsel Ann Weber expressed appreciation that the Iowa Insurance Department modified its proposed rule so …
Selective Insurance Group Inc. of Branchville, N.J. announced its Selective Insurance Company of America subsidiary signed a letter of intent to acquire servicing rights to Siebels Bruce Group Inc.’s flood insurance business. Siebels Bruce was formerly a “Write Your Own …
Due to the cancellation of its 2001 convention after 9/11, recipients of both the 2001 and 2002 NAMIC Service Awards were honored during the business meeting of the 107th convention of the National Association of Mutual Insurance Cos. (NAMIC) last …
State legislatures in more than the required 29 states recently met reciprocity requirements for producer licensing laws under the Gramm/Leach/ Bliley Act. The National Association of Insurance Commissioners (NAIC) approved the states’ certification during a recent interim conference call, beating …
Zurich North America Surety announced that it has successfully completed the pilot stage of its Zurich Surety Express(TM) online platform, which allows insurance agents to rate, quote and issue commercial and contract surety bonds directly from the Zurich Web site …
State legislatures in more than the required 29 states recently met reciprocity requirements for producer licensing laws under the Gramm/Leach/Bliley Act. The National Association of Insurance Commissioners (NAIC) approved the states’ certification during a recent interim conference call, beating the …
The Nebraska Department of Insurance announced that the state’s legislature has made a significant change to workers’ compensation statutes regarding executive officers of a corporation who own 25 percent or more of that corporation’s common stock. Under current workers’ compensation …
