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

ING Posts 16% Gain in 1st Half Net on Strong Insurance Sales

Holland’s ING Group surprised analysts with 16 percent growth in operational net profit for the first six months of 2001 to €2.403 billion ($2.198 billion) on a strong performance by its insurance units, which posted a 28.4 percent rise in …

IIAANY Urges Adoption of 30 Day Accident Reporting

The Independent Insurance Agents Association of New York has come out strongly in favor of reducing the current 180 day period for filing an accident report to 30 days. The IIAANY feels that a prompt reporting requirement will help stabilize …

Chubb Hosts Minority-Owned Producer Forum

The Chubb Group of Insurance Companies hosted a forum for minority-owned producers from across the country at its corporate headquarters in Warren, New Jersey on Tuesday. The company welcomed 20 producers from 10 states to the two and a half …

Calif. Legislators Approve AB 1193

AB 1193, a California bill which would prohibit insurance companies from canceling or failing to renew policies of religious organizations, educational institutions or nonprofit agencies simply due to losses from hate crimes, gained approval from legislators on Monday. The bill …

AIA Defends California’s Competitive Rate Law

California Insurance Commissioner Harry Low’s call for legislative changes to California’s competitive rate law is unwarranted, according to the American Insurance Association (AIA). AIA’s analysis shows that the Commissioner and the California Department of Insurance (CDI) have ample regulatory authority …

Esurance Teams with Patelco to Launch Integrated Online Auto Loan and Insurance Platform August 23,

Esurance Inc., a nationwide direct-to-consumer personal auto insurance provider and subsidiary of Folksamerica Holding Company Inc., along with San Francisco-based Patelco Credit Union, announced the launch of the first integrated online auto loan and auto insurance application platform. The new …

Lewis Joins CNA as EVP of Standard Lines

CNA Insurance has added James Lewis as executive vice president of Standard Lines within the company’s property and casualty operation. Lewis will oversee all standard lines and will be responsible for U.S. operations, reporting directly to President and CEO Stephen …

InsureZone Product Gets Co-Marketing Endorsements from IIAA Organizations in 5 States August 23, 20

InsureZone, the “clicks and mortar” insurance agency that offers access to insurance products through multiple channels, announced that AgentSecure, its web-based market-access program for small and rural commercial agents — has picked up new exclusive co-marketing endorsements from Independent Insurance …

Overseas Partners US Re Opens Chicago Office; Appoints EVP

Overseas Partners US Re (OPUS Re) recently opened a new Chicago area office and appointed Douglas R. Behnke executive vice president and head of the Chicago branch. Philadelphia-based OPUS Re said Behnke comes to the company with more than 20 …

RMS Adds Japanese, German Data to Weather Risk Management System

Risk Management Solutions announced that its Climetrix (TM) weather derivatives trading and risk management system now includes relevant temperature data from Germany and Japan, two expanding markets for weather derivative traders and end users of its forecasts. RMS, in parntership …