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

Prudential Hosts Minority Interchange Conference Today

Prudential Financial will host ceremonies for Minority Interchange’s Black History Month 2002 beginning at noon today at its corporate headquarters in Newark New Jersey. ” Minority Interchange is a not-for-profit, multi-faceted professional development organization and one of Prudential’s Business Resource …

Acordia, ConfirmNet Finalize Certificate Service Deal

Acordia , Inc. has entered into a corporate agreement with San Diego-based ConfirmNet Corporation, the developer of the CertificatesNow online insurance certificate service, to provide its branches as well as commercial clients a convenient certificate service. The agreement provides Acordia’s …

Farmers Asks Auto Shops to Donate to Calderon’s Campaign

Farmers Insurance has tapped automobile repair shop owners for contributions to Assemblyman Tom Calderon’s campaign for California Insurance Commissioner, according to the Associated Press. Farmers sent letters out a few months ago to its network of auto repair shops, asking …

AIA Hails N.M.’s Next Step toward Insurance Regulation Modernization

Legislation supported by the American Insurance Association (AIA) to reduce government regulation of commercial insurance in New Mexico was passed by the state legislature. The measure (SB 256), which passed last week with overwhelming support in both houses of the …

RIMS to Hold 40th Annual Conference and Exhibition

Managing risk worldwide is the timely theme of the Risk and Insurance Management Society Inc.’s annual conference this year in New Orleans, La. The Sept. 11 terrorist attacks highlighted the increasingly important role risk management and insurance issues play in …

IIAA Opposing LaFalce Regulation Plan

A new congressional proposal that would create a direct federal role in insurance regulation is being opposed by the Independent Insurance Agents of America (IIAA), according to CEO Robert A. Rusbuldt. House Financial Services Committee Ranking Democrat John LaFalce (N.Y.) …

AgentSecure Picks up Endorsements from 7

AgentSecure, a member of the InsureZone family of companies that offers smaller and rural agents easy access to commercial products from highly rated carriers, has picked up endorsements from seven state-based organizations affiliated with the Independent Insurance Agents of America …

Meadowbrook Insurance Group Releases 4Q, Year-End Results

Michigan-based Meadowbrook Insurance Group Inc., a provider of alternative risk management services to agents, brokers, and insureds, announced its fourth quarter and year end financial results. Revenues increased 33.7 percent to $56.4 million in the fourth quarter 2001, from $42.2 …

Minnesota Consumers Pay too Much for Credit Insurance

Commerce Commissioner Jim Bernstein has released information that shows Minnesota consumers are paying too much for insurance policies sold as part of a credit transaction. The data also shows that more money was paid in commissions than was paid to …

Fuji Fire to Receive $256 Million from AIG, Orix

Japan’s ailing Fuji Fire & Marine Insurance Ltd. has reached an agreement with American International Group, and Orix Corp., Japan’s largest leasing company, to provide additional capital of 34.4 billion yen ($256.3 million). AIG, whose AIU unit already has a …