Anthem Inc. filed a lawsuit against the California Insurance Commissioner in the Superior Court of the State of California for the County of Los Angeles. The suit seeks to set aside the Commissioner’s decision to disapprove Anthem’s application to acquire …
Suzanne Sahakian Property/casualty guaranty funds were created by state statutes beginning in the late 1960s to protect the public against financial losses to policyholders and claimants as a result of property and casualty insurance company insolvencies. Each of the 50 …
Property/casualty guaranty funds were created by state statutes beginning in the late 1960s to protect the public against financial losses to policyholders and claimants as a result of property and casualty insurance company insolvencies. Each of the 50 states, plus …
Virginia Gov. Mark Warner on Thursday applauded Virginia’s law enforcement, transportation officials, and motorists for doing their part in making the Commonwealth’s highways among the safest in the nation. Virginia was selected by the American Association of Motor Vehicle Administrators …
The Council of Insurance Agents & Brokers (CIAB) has filed suit against the Commonwealth of Puerto Rico challenging a statute that precludes non-resident insurance brokers from conducting business in Puerto Rico without the countersignature of a resident agent. Scott Sinder, …
The quantity of filings submitted through the System for Electronic Rate and Form Filing (SERFF) continues to multiply as an increasing number of state regulators and insurers recognize the system as a much-needed solution to for addressing cost efficiency, accuracy, …
Standard & Poor’s Ratings Services announced that it has affirmed its ‘BBB’ counterparty credit and financial strength ratings on Royal & Sun Alliance Insurance (Puerto Rico) Inc. with a stable outlook. “The ratings reflect the company’s strong capitalization and operating …
A.M. Best Co. announced that it has assigned stand-alone financial strength ratings of “A” (Excellent) to MAPFRE PRAICO Insurance Company (MAPFRE PRAICO) and MAPFRE Pan American Insurance Company (MAPFRE Panam), each a member of the MAPFRE PRAICO Group. All of …
The American Association of State Compensation Insurance Funds, based in Bloomington, Minn., reported that it has urged key members of Congress to extend the federal Terrorism Risk Insurance Act beyond its Dec. 31, 2005, expiration date. “TRIA is especially critical …
Insurance Services Office, Inc. (ISO) has introduced a personal auto rating program carriers can use to tailor the cost of insurance for bodily injury and property damage liability and no-fault/medical payments coverage based on a car’s make and model. ISO …
