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

New Officers and Directors of the Los Angeles Chapter of CPCU Installed

Keynote Speaker, Bruce Williams, CPCU, National President of CPCU Society Past LA Chapter President Sharon Heard, CPCU, Farmers Insurance, handing over the gavel to newly installed LA Chapter President David Keleher, CPCU, Farmers Insurance (left to right) Bruce Williams, CPCU, …

meVC Draper Fisher Jurvetson Fund I Leads ProcessClaims’ 4.0 million C Round

Redondo Beach, Calif.-based ProcessClaims announced the closing of their latest round of financing led by meVC Draper Fisher Jurvetson Fund I. Big Sky Partners, who led the previous round, is again participating in the current round of financing. meVC Draper …

Amica Mutual Insurance Co. Purchases Fair, Isaac’s ClickPremium

In an effort to accelerate the speed, scope and profitability of its automobile insurance underwriting process, Amica Mutual Insurance Company said it has purchased and installed San Rafael, Calif-based Fair, Isaac and Company’s ClickPremium™ underwriting solution. ClickPremium will provide Amica, …

Auto Club Says Calif. Teen Driving Law Could Prevent Nearly 100,000 Crashes in Next Decade

According to the Automobile Club of California California’s Graduated Driver Licensing Law (GDL), one of the toughest teen driving laws in the nation, will have a major impact on the number one killer of teens — motor vehicle crashes — …

CDI Announces New Broker Agent Status

The California Department of Insurance (CDI) is announcing the creation of a Personal Lines Broker-Agent License set to begin January 1, 2002. The new agent status is a legislative action (AB 393, Scott) implemented to allow the licensee to transact …

CPCU Society, NICB Join Together to Provide Education During Insurance Fraud Prevention Week

In an effort to educate consumers nationwide about insurance fraud and the price we all pay for these crimes, the Chartered Property Casualty Underwriters (CPCU) Society and National Insurance Crime Bureau (NICB) released prevention tips that may help Americans avoid …

Zurich NA to Offer Surety Products Through One Unit

Zurich North America announced it will begin offering its environmental and standard surety products through its Surety & Financial Enterprises business unit. Previously, the two products were offered through separate units, the Specialty Surety operation and the Surety unit. Under …

Trenwick Shelf Offering Set

Trenwick Group Ltd., which specializes in insurance and reinsurance, filed a plan with the Securities and Exchange Commission to occasionally sell up to $400 million in common and preferred stock, depositary shares, warrants and contracts. According to a Reuters report, …

AIA Testifies: Need for Insurance Regulatory Reform Is Urgent

Appearing on behalf of the American Insurance Association (AIA) before the House Financial Services Subcommittee on Capital Markets, Insurance and Government-Sponsored Enterprises, Robert Gowdy, President and CEO of OneBeacon Insurance Group, made a persuasive case in favor of “urgent, comprehensive …

Insurance Co. Alleges Theft

Cincinnati, Ohio-based Great American Insurance Co. went to U.S. Bankruptcy Court in an attempt to rescind a crime insurance policy it had issued to the now defunct Tri-State Armored Services of Hammonton. The insurer alleges that the owners of the …