Insurance News

ET Solar Group Announces Worldwide Product Liability Insurance Coverage

July 6th, 2009

ET Solar Group Corp. a Nanjing-based solar farm EPC provider and integrated manufacturer of photovoltaic (”PV”) products including ingots, wafers, modules, and state-of-the-art dual-axis tracking systems, announced immediate provision of product liability insurance coverage for its PV module customers worldwide.
Arranged by Aon, world’s top insurance brokerage firm headquartered in New York, the cover is provided [...]

New Mexico Superintendent of Insurance Rules New Mexico Title Insurance Rates to Increase 10.7 Percent Effective August 1, 2009

July 2nd, 2009

The New Mexico Superintendent of Insurance announced June 30, 2009, that effective August 1, 2009, real estate title insurance premiums would rise by 10.7 percent overall. Additionally, the remittance rates from title agencies to underwriters increased from 19 percent to 20 percent for residential properties. A new rate schedule has yet to be released.
This ruling [...]

Economic Crisis Impacts Massachusetts Fire Departments, According to a New National Survey Sponsored by Fireman’s Fund Insurance Company

June 9th, 2009

The current economic crisis is negatively impacting fire departments in the state of Massachusetts, according to a comprehensive national survey of firefighters from nearly 9,500 fire departments or 30 percent of departments in the country, including 195 fire departments in Massachusetts.
“Supporting Safer Communities: A National Fire Service Survey,” sponsored by Fireman’s Fund Insurance Company, found [...]

SafeAuto Insurance Modernizes Claims Communications with Thunderhead NOW

June 8th, 2009

Thunderhead, recognized innovators in document automation and multi-channel communications solutions, today announced that SafeAuto® Insurance Company has selected the Thunderhead NOW platform to streamline the creation and delivery of customer communications across the enterprise.
SafeAuto provides personal auto insurance on a consumer-direct basis exclusively through online and telephone distribution channels. The company specializes in providing low-cost, [...]

Oracle Insurance Introduces Oracle(R) Revenue Management and Billing for Insurance

June 8th, 2009

2009 IASA Educational Conference & Business Show –
News Facts
* Oracle Insurance today introduced Oracle® Revenue Management and Billing for Insurance, providing insurers the robust billing capabilities necessary to deliver streamlined, convenient billing, payment and collections processes, and improve service to customers and distribution channels.
* Oracle’s new solution [...]

Senior Market Sales Offers Discounted E&O Insurance for Agents

February 9th, 2009

Senior Market Sales, Inc., a leading independent marketing organization (IMO), has partnered with Brown and Brown of California, Inc., dba CalSurance, to offer Errors & Omissions insurance for agents at significantly discounted rates. The initial open enrollment period launched Feb. 2, 2009. Insurance agents who are contracted with Senior Market Sales can now enroll for [...]

GEICO Has Good News for Job Hunters; Theyre Hiring

January 26th, 2009

Despite the current economy, layoffs and high unemployment rates, GEICO has some very good news: the company is actively recruiting and plans to hire 870 new associates for positions in 19 different states in the first quarter alone.
According to Geri Lanier, assistant vice president of human resources, “In a tough job market, customer service positions [...]

Research and Markets: 2009 Trendology: U.S. Health & Medical Insurance Carriers Reveals Quantitative Data for Current Year 2009 for the U.S., 50 U.S. States, and 900 Metro Areas

January 24th, 2009

Research and Markets 2009_trendology_u) has announced the addition of the “2009 Trendology: U.S. Health & Medical Insurance Carriers” report to their offering.
The 2009 Trendology report on the U.S. Health & Medical Insurance Carriers industry characterizes the industry in three descriptive methods: qualitative analysis, quantitative data and lists of major industry players. The written analysis includes [...]

Insurance Roundtable of Baltimore Selects PSAs Craig English as Chairman

January 7th, 2009

PSA Insurance and Financial Services of Hunt Valley announced that senior vice president Craig English has been selected as Chairman of the Insurance Roundtable of Baltimore.
Created in 1947, the Roundtable is comprised of 30 members including 20 agents from locally based insurance agencies and 10 representatives from insurance carriers. The group holds monthly meetings to [...]

Firemans Fund Insurance Company Offers the First Payment Card Security Insurance for Retailers

January 7th, 2009

Fireman’s Fund Insurance Company is introducing the first coverage for retailers that experience a breach of their payment card security system. A single breach of a payment card security system could cost tens of thousands of dollars in penalties and extra expenses.
While most retailers, merchants, and service providers including restaurants are aware of the risks [...]