The News Review:
- LTC Global Announces the Acquisition of United Insurance Group
- AM Best Downgrades Ratings of Farmers’ Mutual Insurance Company (MI)
- MIB Life Index Reports North American Life Insurance Activity Off …
- Dovetail Insurance Selects Duck Creek Policy Administration and …
- XL Insurance Unveils New Tech E&O Policy
- An Essential Analysis of the Non-Life Insurance Market in Sweden …
LTC Global Announces the Acquisition of United Insurance Group
MarketWatch
UIG executive Robert McClellan joined the LTC Global
group of companies in connection with the acquisition and will serve as
Executive Vice President of UIG. John Chitwood will serve as President
of UIG. With 15 offices located throughout the United States, UIG is a leading
national distributor of Medicare Advantage insurance products in
addition to offering other senior market insurance products. The
acquisition marks LTC Global’s entrance into
the Medicare Supplement and Medicare Advantage market. “We
feel very fortunate to have the opportunity to add UIG’s
proven distribution models and national sales force to our existing
platforms,” said Thomas A. Skiff, Chief
Executive Officer of LTC Global. “We believe
in LTC Global’s vision for UIG, and LTC Global’s
expertise in marketing Long Term Care insurance will greatly benefit
both our career agents and our brokers,” said
Robert McClellan.
AM Best Downgrades Ratings of Farmers’ Mutual Insurance Company (MI)
MarketWatch
Founded in 1899, A. Best Company is a global full-service credit
rating organization dedicated to serving the financial and health care
service industries, including insurance companies, banks, hospitals and
health care system providers. For more information, visit.
MIB Life Index Reports North American Life Insurance Activity Off …
MarketWatch
11, 2008
BRAINTREE, Mass. 8% in
October year-over-year, according to the MIB Life Index(SM). Year to date
(YTD) U. and Canadian activity remained stable off -1.
Related from Murtoughsupply: AMERCO Declares Preferred Stock Dividend
Dovetail Insurance Selects Duck Creek Policy Administration and …
MarketWatch
, Nov 11, 2008 (BUSINESS WIRE) –
Duck Creek Technologies, Inc. , a leading provider of software and
services for the insurance industry, today announced that Dovetail
Insurance Corporation has selected Duck Creek’s
Policy Administration Commercial ISO Lines and Billing Solutions. Paramount to Dovetail Insurance’s selection of
Duck Creek was the flexibility of the solutions which would enable the
servicing provider to quickly develop and deploy the products and
services to its client base. Dovetail will utilize Duck Creek’s
pre-built ISO products (templates) which include a full inventory of
rates, rules, and over 20,000+ forms to support all lines of business in
all 50 states. Dovetail has licensed Duck Creek’s
solutions for Commercial Package Policies (CPP), which includes
Commercial Auto, Commercial Property, Crime, Inland Marine, and General
Liability. Implementation will start with Workers’
Comp lines followed by Commercial Property lines. Stephen Francis, President & CEO of Dovetail Insurance, commented, “We
wanted a solution that would give us the IT functionality and
flexibility that our business model requires and Duck Creek’s
Policy Administration and Billing solutions meet those needs.
XL Insurance Unveils New Tech E&O Policy
MarketWatch
According to David Molitano, XL Insurance’s Technology E&O manager:
“Today, companies rely on various technologies to conduct some or many aspects
of their business. Technological systems however are not fail-proof, and when
they do fail, the companies responsible for providing the technology product
or service can be exposed to costly E&O claims. ”
“While all service providers can face potential E&O claims, E&O risks vary
by industry,” said Mr. “Technology companies therefore benefit from
specialized professional liability coverage, like XL Tech(SM), that is
tailored to address their industry-specific risks and delivered by
underwriters and claims professionals who have an in-depth understanding of
tech risks and how to manage them.
An Essential Analysis of the Non-Life Insurance Market in Sweden …
MarketWatch
researchandmarkets. The Non-Life Insurance in Sweden industry profile is an essential
resource for top-level data and analysis covering the non-life insurance
industry. It includes detailed data on market size and segmentation,
plus textual and graphical analysis of the key trends and competitive
landscape, leading companies and demographic information. The
value of the non-life insurance market is shown in terms of gross
premium incomes. Any currency conversions used in the report have been
calculated using constant 2007 annual average exchange rates.