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

T-TP to Merge Software Unit with Australia’s Classic Solutions

Financial and insurance consultant Tillinghast – Towers Perrin announced that it has reached an agreement with Australian-based Classic Solutions to join forces to provide development, sales and support of software products for financial services companies. T-TP plans to merge its …

Yasuda/Nissan Merger Creates Japan’s 2nd Largest P/C Insurer

Yasuda Fire & Marine Insurance Co. and Nissan Fire & Marine Insurance Co. have completed their merger, creating Sompo Japan Insurance Inc.the country’s second largest p/c insurer after Millea Holdings Inc., the company formed by the merger of Tokio Marine …

Sapiens to Enhance Internet Policy Administration System for OneBeacon

The Israeli information technology company Sapiens International Corp N.V. announced that it has concluded a multi-million dollar deal with Boston-based OneBeacon Insurance “to implement a web-enabled, policy administration system for all lines of business across multiple states.” The Israeli company …

Tower Group Selects AgencyPort for Web Services

AgencyPort, a leading provider of agency “extranet solutions,” announced that the Tower Group Companies had selected its services to automate the rating, quoting, binding, and policy issuance of Tower products for new business, renewals and endorsements. The technology company’s bulletin …

NH Supreme Court Upholds Proportional Damage Award Limits

The New Hampshire Supreme Court has upheld a state law limiting the payment of damages to the percentage of fault in cases where a defendant has been found less than 50 percent liable for the injuries. A report from the …