February 3, 2000
The CPCU Society will debut the National Leadership Institute (NLI), June 8-10, in Las Vegas, NV. It is a new program providing leadership skills training to enhance professional and personal development. By participating in the career-building seminars, attendees gain valuable …
February 3, 2000
Germany’s Allianz reported that the storms which swept Europe at the end of December had resulted in claims estimated at 625 million Euros ( $612 million). $107 million in claims for property and automobile damages were recorded in Germany, but …
February 3, 2000
Mexican insurers will have to take aggressive steps to remain competitive with U.S. and Canadian companies that are acquiring a stronger presence in the country, according to A.M. Best Co. in a statement released today. Provisions of the North American …
February 2, 2000
Armed with an aggressive growth strategy, United Valley Insurance Services Inc., headquartered in Fresno, is expanding beyond its Central Valley base and into Northern California. Seven of its nine new affiliates are located in the Central Coast, Bay Area and …
February 2, 2000
Hilb, Rogal and Hamilton Co. has acquired substantially all of the operations of Dulaney, Johnston & Priest, an insurance agency headquartered in Wichita, Kansas. Terms of the transaction were not disclosed. With over $6.5 million in annual revenues, DJ&P has …
February 2, 2000
ACE Ltd. plans to divide its operations into two units, each with a president and chief executive, to increase the efficiency of the company. Current President and Chief Operating Officer Dominic Federico will become president and chief executive officer of …
February 2, 2000
The Collision Industry Electronic Commerce Association (CEICA) board of trustees named San Antonio-based, USAA Insurance, its company of the year. USAA was selected as the Electronic Commerce Company of the Year for 1999 based on past and current contributions that …
February 2, 2000
In Georgia, a new House Bill (214) proposes a restriction on the use of generic auto replacement parts. The National Association of Independent Insurers (NAII) said the restriction could end up costing consumers more money for auto repairs and insurance. …
February 2, 2000
The Pennsylvania Insurance Fraud Prevention Authority (IFPA) released its top 10 insurance fraud cases of 1999. IFPA’s billboards say, “Commit Insurance Fraud. Enjoy Luxury Living.” They threaten jail time for people who commit insurance fraud. The billboards are not idle …
February 2, 2000
Standard & Poor’s commented on Feb. 1 regarding the Jan. 24 announcement that Reliance Group Holdings Inc. and related subsidiaries completed a settlement with various reinsurers and insurers concerning its potential loss exposure in the Unicover Managers pool. S&P believes …