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

CPIA PLANS PRO-TO-PRO RETREAT

Agency and company executives are invited to attend the CPIA Society’s 16th Annual PRO-to-PRO Executive Retreat on March 20-22, 2003 at the Belleview Biltmore Resort & Spa in Clearwater, Fla. The retreat will include interactive panel discussions and workshops addressing …

ETHICS, E&O AND MORE

The Independent Insurance Agents of Texas’ (IIAT) new schedule of courses for fall 2002 includes classes in ethics and E&O loss control and more. The IIAT has sessions planned on the latest regulatory and technical information, as well as new …

SENATE MAY CONSIDER ASBESTOS

Following comments by Sen. Patrick Leahy (D-VT) at last week’s U.S. Senate Judiciary Committee hearing on class action reform, the Alliance of American Insurers said it was encouraged that the Senate may consider the asbestos issue when it returns from …

AON SHARES TANK, SPIN-OFF DELAYED

Aon Corp. shares dropped 30 percent Aug. 7 after the broker posted lower-than-expected second-quarter results and announced the possible impact of its accounting talks with the Securities and Exchange Commission. The Chicago-based company also said the pending spin-off of its …

STATES SUE BANKS IN FRANKEL CASE

Five Southeastern states that lost $200 million to financier Martin Frankel’s reported insurance schemes filed suit against their banks, arguing those institutions should have been prepared for Frankel’s actions, according to a Reuters report. State insurance commissioners are suing AmSouth …

NAII: CHANGE ARK. SCORING RULE

The National Association of Independent Insurers (NAII) has asked the Arkansas Department of Insurance (DOI) to remove several of what it feels are burdensome and costly requirements from the state’s recently released directive on the use of credit-related information in …

OKLA. REFORM ORDER PRAISED

An order signed last week by Oklahoma Insurance Commissioner Carroll Fisher will ease regulatory restrictions on an insurer’s ability to develop and introduce new commercial lines insurance products in the state, according to the American Insurance Association. The AIA added …

TEXAS FIRE DEPTS. GET GRANTS

The fire and emergency services department of West University Place and Harris County, Texas received arson grants in the amounts of $2,000 an $2,300, respectively, from commercial and industrial property insurer FM Global. FM Global said it has awarded over …

TEXAS MUTUAL IN THE MONEY

Texas Mutual Insurance Company will be distributing some $22 million in dividends to qualifying policyholders for 2002. As in previous years, the 2002 plan includes an annual component for qualifying customers whose policies expired in 2001 and a retention component …

All Aboard the Technology Train

The technology train arrived years ago and those that chose not to purchase a ticket are finding out that they very well may be left behind at the station. In a day and age when hits, HTML, links, and software …