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

Standard and Poor’s Withdraws Gulf Co. U.K. Ltd. ‘AA-‘ Ratings

Toronto-based Kingsway Financial Services Inc. has obtained approval from the Financial Services Commission of Ontario (FSCO) to implement increased rates and to eliminate certain rating classes for Private Passenger Automobile Business offered by Kingsway General in Ontario. “I am pleased …

Ontario Approves Kingsway’s Private Passenger Rate Hikes

Toronto-based Kingsway Financial Services Inc. has obtained approval from the Financial Services Commission of Ontario (FSCO) to implement increased rates and to eliminate certain rating classes for Private Passenger Automobile Business offered by Kingsway General in Ontario. “I am pleased …

Suit Charges MRM with Securities Law Violations

Hamilton, Bermuda-based Mutual Risk Management Ltd. (MRM) joined the ranks of companies facing charges of corporate mismanagement for allegedly providing misinformation that inflated the value of its stock. A pending class action charges MRM with misleading investors about its business …

Scor Won’t Increase WTC, U.S. Claims Reserves

French reinsurer Scor has no plans to pump up its existing reserves to pay for World Trade Center or U.S. liability reinsurance claims, according to Reuters. The news organization reported that Scor CEO Jacques Blondeau said the company had no …

First Notice Systems, ptc-NET Form Alliance for Streamlining Property Claims

First Notice Systems, a provider in claim reporting solutions to the industry, and Alacrity Services’ ptc-NET managed contractor network, a structural loss estimating service and direct repair program, have formed a strategic alliance that unites the strengths of the two …

AIR Worldwide Unveils 2002 Version of CLASIC/2

AIR Worldwide Corporation (AIR), a technological provider in catastrophe modeling and weather risk management, announced the latest release of CLASIC/2™. CLASIC/2, an interactive desktop system for the assessment and management of catastrophic risk, is designed to produce the high level …

Combined Specialty Group Makes Appointments to P&C Staff

Aon Corporation made several appointments to the Property and Casualty Group of Combined Specialty Group, Inc. John Intondi, 50, has been appointed senior vice president, Claims and will be responsible for all claims matters for the P&C Group. Intondi was …

Brown & Brown Makes Asset Acquisition of Cooper, Brown & Currie

Jim W. Henderson, Executive Vice President of Brown & Brown, Inc. and Frank A. Brown, Jr., President of Cooper, Brown & Currie, Inc., of Rome, Georgia, announced the asset acquisition of Cooper, Brown & Currie, Inc. by a Georgia subsidiary …

Farmers Unveils Y.E.S. Discount in Texas

The Farmers Insurance Group of Companies has made available the “You’re Essential to Safety” (Y.E.S.) Program in Texas. The Y.E.S. program was developed to educate young drivers and their parents or guardians on driver safety. Farmers Texas County Mutual Insurance …

TDI Updates Bill Implementation Plan

The Texas Department of Insurance has announced an updated plan to implement bills passed in the 76th and 77th sessions of the Texas Legislature affecting various areas of the Texas Insurance Code. Bills to be implemented will affect agent licensing, …