Business Wire
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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
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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
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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)
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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
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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
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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)
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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).
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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
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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
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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
