Business Wire

  1. OMS National Insurance Company Chooses Accenture’s Software Platform To Meet Business Transformation Goals
    5/6/2013

    Accenture has been chosen by OMS National Insurance Company (OMSNIC), a leading provider of professional liability insurance, to support the company’s business transformation goals through a revamp of its policy, billing and claims software

  2. Rockwood Decreases Rates In Massachusetts, California, Texas And Nevada For Property And Casualty Insurance Agent E&O Program
    5/6/2013

    Rockwood Programs has recently implemented underwriting guideline changes to its P&C Agents E&O program. The modifications will result in a rate decrease in the states of California, Massachusetts, Nevada, and Texas

  3. A.M. Best Upgrades Issuer Credit Rating Of New York Schools Insurance Reciprocal
    5/3/2013

    A.M. Best Co. has upgraded the issuer credit rating to “a+” from “a” and affirmed the financial strength rating of A (Excellent) of New York Schools Insurance Reciprocal (NYSIR) (Albany, NY)

  4. ACE Acquires Personal Lines Insurer ABA Seguros In Mexico
    5/2/2013

    ACE Limited announced recently that it has completed the acquisition of Mexican personal lines insurer ABA Seguros from Ally Financial Inc. for approximately $690M in cash, after a $175M pre-closing dividend taken by the seller

  5. ACE Launches Life Science Insurance Cover In Continental Europe
    4/4/2013

    ACE Group recently announced the launch of a new insurance proposition covering global life science risks for companies in Continental Europe as part of its strategy to further build its casualty offering for businesses in the region

  6. CNA Chosen As Exclusive, Endorsed Professional Liability Insurance Carrier For Pennsylvania Bar Association
    4/3/2013

    CNA recently announced that with the recommendation of USI Affinity, it was chosen as the exclusive, endorsed professional liability (PL) insurance carrier by the Pennsylvania Bar Association (PBA)

  7. A.M. Best Downgrades And Places Ratings Of LEMIC Insurance Company Under Review With Negative Implications
    4/3/2013

    A.M. Best Co. has downgraded the financial strength rating to B (Fair) from B+ (Good) and issuer credit rating to “bb” from “bbb-” of LEMIC Insurance Company (LEMIC) (Baton Rouge, LA).

  8. United Heritage Insurance Announces Stock Acquisition Of Merced Property & Casualty Company
    4/2/2013

    United Heritage Financial Group, Inc., based in Meridian, Idaho, and Merced Property & Casualty Company, headquartered in Atwater, California, have announced that United Heritage Insurance has acquired over 94% of Merced’s stock issued recently pursuant to a sponsored demutualization

  9. Lighthouse Casualty Insurance Company Selects Insuresoft's Diamond Suite Solution For Policy Administration, Underwriting, Billing, And Claims Management
    4/2/2013

    Lighthouse Casualty Insurance Company (Lighthouse), non-standard automobile insurer in Illinois, and Insuresoft, LLC. a provider of modern and flexible software solutions to Property and Casualty insurers, recently announced that Lighthouse has selected the Insuresoft Diamond System Suite

  10. GMAC Insurance Signs Contract Extension With Merkle
    3/5/2013

    Merkle (www.merkleinc.com), a leading customer relationship marketing (CRM) firm and the nation’s largest privately held agency, recently announced that GMAC Insurance has re-signed with Merkle for a new three-year contract extension