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

Ward Financial Group Conducts Customer Retention Study

Ward Financial Group is currently conducting a study on customer retention for property/casualty insurance companies. The objective of the study is to provide a focused analysis of the customer retention trends and practices in the industry today. Property/casualty insurance companies …

SAFECO Initiates New Worksite

SAFECO announced that customers can now buy personal insurance for auto, home, boat and other property quickly and easily at work with payroll deductions, through a new worksite marketing program initiated by the company. The new P&C marketing program, designed …

Nebraska Company Suffers Losses

Acceptance Insurance Cos. Inc., an Omaha crop insurance company, noted it lost $888,000, or 6 cents per share, in the three months that ended June 30, bringing its loss for the year to $4.7 million, or 33 cents a share, …

S&P Affirms Munich Reinsurance Rating

Standard & Poor’s has affirmed its “AAA” long-term counterparty credit and insurer financial strength ratings on leading global reinsurer, Munich Reinsurance Co. (MRC) and all core reinsurance members of the Munich Reinsurance group, as well as the core members of …

New York Broker Arrested For Alleged Sale of Bogus Policies

New York State Insurance Department Superintendent Gregory V. Serio along with Queens District Attorney Richard A. Brown, New York City Police Department Bernard B. Kerik, and New York State Worker’s Compensation Board Inspector General John Burgher announced the arrest of …

5 Steps to Plan and Execute a Direct Marketing Campaign

There are many different ways to market your service, which include all forms of advertising, direct mail, telemarketing, referral programs, sponsorships, and logo/image development. Regardless of the methodology, repetition and persistence will always be key factors. While great commercials and …

Lloyd’s Grants Independent U.S. Brokers First-Ever Access

Officials with Lloyd’s of London announced the names of the first-ever independent brokers in the U.S. to be accredited for direct access to the London-based insurance market. The historic selection of The Hanleigh Group of Montvale, N.J., and Sarasota, Fla., …

Lumbermens Mutual Casualty Cos

Standard & Poor’s has affirmed all outstanding interactive ratings on Lumbermens Mutual Casualty Cos. (the Kemper Insurance Cos., collectively Kemper). The outlook is stable. Kemper occupies a strong business position as one of the top five players in the workers’ …

S&P Withdraws Philadelphia Ins Co. Ratings

Standard & Poor’s has withdrawn its “A” counterparty credit and financial strength ratings on Philadelphia Insurance Co. and Philadelphia Indemnity Insurance Co., members of the Philadelphia Insurance group of companies. The ratings were withdrawn at the company’s request. The Prior …

Meadowbrook Withdrawn

Standard & Poor’s has removed from Credit Watch and lowered its counter party credit and financial strength ratings on Star Insurance Co. and its wholly-owned subsidiary, Savers Property & Casualty Insurance Co.—collectively known as Meadowbrook Insurance Group (Meadowbrook)—to “BB+” from …