Monthly Archives: <span>January 2002</span>

Alliance Urges Calif. and N.Y. to Reconsider Terrorism Exclusions

Rodger S. Lawson, Ph.D., president of the Alliance of American Insurers, released the following statement questioning the logic of the decision by the California and New York insurance departments to deny the ISO commercial lines policy exclusion and urging them …

Walden University to Incorporate AICPCU/IIA Credits into MBA Plan

Minneapolis’ Walden University, a provider of online graduate education and professional development certificate programs, announced an agreement with the American Institute for Chartered Property Casualty Underwriters (AICPCU) and the Insurance Institute of America (IIA) under which Walden will apply AICPCU/IIA …

Delphi Shareholders Approve Voluntary Liquidation

Delphi International Ltd., the parent of Bermuda-based specialty reinsurer Oracle Reinsurance Company Ltd., announced that a special general meeting of its shareholders, held on January 8, 2002, had approved the voluntary liquidation of the company and its subsidiaries. The announcement …

Film Financing Trial Starts in London

Another trial in the ongoing dispute between insurers and lending banks over claims payments covering the production and distribution of motion pictures and TV productions goes to trial in London today, as the Royal Bank of Canada seeks to recover …

Report Reinsurance Rate Rise Reduced

A recent survey by Reuters News Service indicates that the expected strong surge in reinsurance premiums for property catastrophe coverage may be a good deal less than originally anticipated. Although the market remains strong, having recovered most of the ground …

NAII Approves NH Insurer Confidentiality Bill

The National Association of Independent Insurers (NAII) has thrown its support behind pending legislation in New Hampshire designed to protect the confidentiality of insurance company audit information from third parties. In a hearing before the NH House Commerce Committee the …

Senator Clinton Calls for Victims Fund Rule Changes

Senator Hillary Rodham Clinton (D-NY) called for changes in the proposed rules governing the Victims Compensation Fund established by the federal government to help victims and families affected by the terrorist attacks of Sept. 11. By adding her influence to …

InsuranceNoodle Licensed in Wyoming

InsuranceNoodle has signed its 800th “NoodleNetwork” insurance agency partner to quote and bind small commercial insurance business using the e-broker’s proprietary web-based agency technology, and has been licensed in Wyoming, the 46th state in which it is selling small business …

Four Driven to Fake Collision Sentenced

Terry Thomas, 31, a resident of Downey, Calif., was sentenced in Los Angeles Superior Court on Jan. 4, to five years in state prison for his conviction on one count of insurance fraud and one count of conspiracy to commit …

Washington State Worksites Continued Safety Trend in 2000

Continuing a trend begun almost 10 years ago, Washington workers suffered slightly fewer injuries and illnesses in 2000 than they did the previous year, according to survey results released by the Washington Department of Labor and Industries. The overall 2000 …