Monthly Archives: <span>February 2001</span>

IIAA Names Flannagan VP of Education and Research

Madelyn H. Flannagan is the new vice president of education and research for the Independent Insurance Agents of America. “Madelyn offers many years of agency system experience in the areas of research, agency management, education and technology to IIAA and …

U.S. Realtors Fight to Fend Off Bank Move

U.S. realtors have launched an all-out push to derail a proposal that would allow big banks to sell and manage real estate, saying it could hurt consumers and the economy and devastate their industry, Reuters News Service reported today. The …

Conseco Denies Lawsuit Allegations

Conseco Chief Executive Gary Wendt is downplaying a lawsuit filed against the company’s struggling insurance and finance firm. He denied Wednesday the suit’s allegations that it fraudulently lowered the delinquency rates on loans in an effort to conceal problems. Wendt’s …

InServe Opens New Regional Office in St. Louis

InServe Corp., a managed workers’ compensation service company, is currently is testing a new online workers’ compensation product called CompTime through iCorp.com that permits agents to rate, quote and issue policies that meet a set of predetermined criteria. CompTime is …

Ohio DOI Unveils Top 10 Fraud Violations of 2000

Ohio Department of Insurance Director Lee Covington released a list of the Top 10 Insurance Fraud violations for 2000. During 2000, the Department opened 144 fraud cases. At the Insurance Department, the Enforcement Division and the Fraud Division are responsible …

Independent Insurance Co. Rating Placed Under Review by A.M. Best

A.M. Best Co. has placed the A (Excellent) rating of Independent Insurance Co. Ltd. under review with developing implications. The rating action reflects the release of a trading statement on Feb. 8 in which the company revealed an expectation of …

Adventure to Shape the Future of the Travel Industry; Insurance Needs to Grow Substantially

A growing interest in adventure will shape the travel industry in the 21st century, according to Lloyd’s of London. Speaking last week to a gathering of the Canadian travel insurance industry, a leading Lloyd’s broker outlined his vision. “The 21st …

InsuranceNoodle Gains Virginia License

InsuranceNoodle recently received its license to sell insurance in Virginia, according to Rick Madock, InsuranceNoodle president and co-founder. InsuranceNoodle is now licensed to sell insurance in 33 states and the District of Columbia and on track to provide insurance in …

NY to Offer Consumers “Live” Help on Website

The New York Department of Insurance is now offering consumers the opportunity to be engaged by a department representative to assist in their search of information when they visit the New York State Insurance Department Web site. The department is …

Colorado Auto Bill Defeated in House

A bill that would have created special insurance coverage for low-income Colorado drivers was defeated on the House floor. H.B. 1089 would have established a reduced-limits auto policy for low-income consumers, similar to a bill that was recently passed in …