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

AIA Seeking Change in Credit Scoring in N.H.

The American Insurance Association (AIA) is seeking major changes in regards to the New Hampshire Insurance Department’s (NHID) proposed regulation for the use of credit scoring by insurers. During a meeting of the Joint Legislative Committee on Administrative Rules, AIA …

QuickQuote.com Partners With StockHouse.com

QuickQuote.com, a life insurance website based in northern Nevada, has partnered with StockHouse.com, to provide insurance-related products and services to its financial network clients. StockHouse Media Corporation is a global provider of online content and community development products. According to …

W. R. Berkley Corporation to List on NYSE

W. R. Berkley Corporation, a holding company based in Greenwich, Conn., announced it will list its common stock on the New York Stock Exchange (NYSE) beginning May 9, 2001, under the ticker symbol “BER”. The W. R. Berkley Corp., through …

John Hancock, Compass Form Alliance

In a move to expand its product base, John Hancock Financial Services Inc. has put together a strategic partnership with Compass Bancshares Inc. to sell annuities, mutual funds and insurance, according to a Yahoo financial report. A Sunbelt-based financial holding …

Chubb Profits on the Rise

Chubb Corp. reported that first-quarter operating profits increased 15 percent, mainly due to higher premiums and reduced costs for its commercial insurance. Net written premiums grew 9 percent, or 11 percent excluding the effects of currency fluctuation. U.S. premiums grew …

Missouri Approves Producer Licensing Bill with Exemptions

The Missouri House Insurance Committee recently passed a version of the insurance producer licensing bill. The bill contained compromised language exempting employees who are not engaged in sales. Ann Weber of the National Association of Independent Insurers (NAII) stated that …

CNA Launches Pilot Internet Cargo Program

CNA’s maritime division announced that it will begin a pilot program of a system that “enables OMMni.com, the automated ocean cargo insurance system, to receive instructions to issue electronic insurance certificates over the Internet for exporters participating in the pilot.” …

Swiss Re To Buy MetLife’s Conning

In line with its plans to expand its financial service activities, Swiss Re announced that it would acquire MetLIfe’s asset management subsidiary Conning Corp. for an undisclosed price. Conning specializes “in asset management for insurance company investment portfolios,” private equity …

N.Y. Embezzler May Miss Jail

Fallen insurance agent Albert W. Lawrence may miss out on jail time due to the fact that he is a very sick man. According to reports in New York’s Times Union, a federal prosecutor claims Lawrence, 72, who had been …

Forum for Independent Agents Addresses Privacy

The Chartered Property Casualty Underwriters will host its annual scholarship forum, “Privacy, Problems, Predictions, Pundits,” on May 3 at the Amica Insurance Company Amphitheater in Lincoln, R.I. The discussion will focus on privacy matters in relation to the Gramm-Leach-Bliley (GLB) …