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

Legion, Villanova Revised

Standard & Poor’s revised its financial strength ratings on Legion Insurance Co. and Villanova Insurance Co. to “R” after a Pennsylvania State Court placed the companies under regulatory control effective April 1. S&P also said it lowered its financial strength …

Driving Season

I like the new Ford Thunderbird convertible. With its sleek lines and retro look it’s perfect for a freewheeling trip down a two-lane black top on a gorgeous spring afternoon. No e-mails, no phone calls to deal with, just cruising …

Why Credit-Based Insurance Scoring is Good for Consumers

Credit-based insurance scoring is a reliable, though often misunderstood underwriting tool that helps insurers accurately match the price of their products to the level of risk posed by any given customer. It is nonprejudicial and completely objective in its application. …

Calls Being Made for Safe Driving Practices

The fundamental question is, does irresponsible use of cell phones while driving cause more accidents? Nicole Mahrt, American Insurance Association director of public affairs (western region), says that her association believes it does dial in as a cause for accidents …

Giving Credit Where Credit is Due

To some it is the greatest thing since sliced bread, but others see it as the most flagrant abuse the insurance industry has every heaped upon the consumer. Insurance companies, consumer advocates and regulators just cannot seem to agree about …

Is the Texas Personal Auto Market Another Homeowners in the Making’

The personal automobile insurance market in Texas may not be approaching the crisis level at which the homeowners market currently finds itself, but signs indicate that it may be in for a rough ride. According to the Texas Department of …

Insurance Litigation and Bankruptcy, or How to Escape from Wonderland

In the tale of “Alice in Wonderland,” little Alice heedlessly follows the white rabbit into the rabbit hole and falls ever so long before landing upon a heap of sticks and dry leaves. Jumping up and looking around, she finds: …

Premium Variance Reveals Nationwide Savings for Consumers

You’re leaving money on the table, and there are savings to be added if you’re willing to spend some energy looking for it.” Those are the sentiments of Alex Ho, consumer brand director for Progressive Insurance, in regards to the …

News Analysis: Commentary on Full Year 2001

The property/casualty insurance industry reported a statutory rate of return of negative 2.7 percent in 2001, down from 6.5 percent return for the year 2000. The results were released by the Insurance Services Office, Inc. (ISO) and the National Association …

Driving Season

I like the new Ford Thunderbird convertible. With its sleek lines and retro look it’s perfect for a freewheeling trip down a two-lane black top on a gorgeous spring afternoon. No e-mails, no phone calls to deal with, just cruising …