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

China Sends Insurance Team to Korea to Arrange Air Crash Claims Payments

According to reports from China’s Xinhua News Agency, the Beijing Insurers Association has taken the lead in establishing a special team of investigators and dispatching them to South Korea to examine and expedite claims payments arising from the crash of …

Munich Re May Enter Fondiaria Fray

Munich Re has held discussions with Italian insurer SAI, which has been trying to engineer a merger with La Fondiaria Assuicurazioni that would create Italy’s second largest p/c company. Problems have arisen, however, because Fondiaria is strongly opposed to SAI’s …

NY Contractors Finding Coverage Hard to Obtain

A report by David Dickson, VP of the Professional Insurance Agents of New York, finds that the state’s contractors are finding it increasingly hard to obtain insurance coverage, even paying higher premiums. Dickson, in a commentary solicited by NY Insurance …

PIANJ Applauds Surplus Lines Proposals

The Professional Insurance Agents of New Jersey has commended the New Jersey Department of Banking and Insurance (DOBI) for proposing standards and procedures for surplus lines insurance procurement. In a letter sent last week Steven Reichman, CIC, PIANJ president, stated …

OneBeacon to Host PIANY Education Classes

Boston-based OneBeacon Insurance group, a wholly owned subsidiary of White Mountains Insurance Group Ltd., will host the Professional Insurance Agents of New York’s “5-in-5 Education Series” for the second consecutive year. The Series is named for its five education classes …

Long Beach, Calif. Woman Surrenders on Fraud Charges

A Long Beach, Calif., woman surrendered on an outstanding warrant related to felony insurance fraud charges. Yvonne Boyce allegedly slipped and fell while on the job in 1998 injuring her shoulder. She proceeded to receive workers’ compensation temporary total disability …

Calif. Agents and Companies Recognizing Trusted Choice Benefits

More California insurance companies, as well as IBA West agent and broker members have joined Trusted Choice (SM)-a new brand created by the Independent Insurance Agents of America (IIAA) to better communicate the advantages of buying insurance and financial services …

NAII Says Calif. Privacy Would Create Unnecessary, Costly, Overlapping Rules

Legislation addressing the privacy of consumer information would impose unjustified restrictions on a California insurer’s ability to share information with affiliated companies and would create confusing, unnecessary and expensive notice requirements, according to the National Association of Independent Insurers (NAII). …

Calif. Bill Would Make Insurers Provide Mold Coverage

A bill mandating mold damage coverage in all property and liability insurance policies would force all California consumers to pay significantly more for their homeowners and renters policies, according to the National Association of Independent Insurers (NAII). The bill will …

SIAA Partners with Zurich Small Business to offer Members Access to Zurich Products and Services

Zurich North America Small Business and Strategic Independent Agents Alliance (SIAA) have formed a relationship that will enable SIAA’s 876 member agencies to access the products and services of one of the fastest growing insurance organizations in the United States. …