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

Aon Resolves All Comments Related to Aon’s SEC Filings

Aon Corporation said it has resolved all of the comments raised by the Securities and Exchange Commission (SEC) that were extensively outlined in Aon’s Aug. 7 press release. The comments were the result of customary reviews of Aon’s SEC filings. …

NAII Lauds HIPPA Change on Workers’ Comp in Final Rule

The Department of Health and Human Services (HHS) recently released its final privacy standard that has been modified to recognize that the rule should not impede administration of state workers’ compensation claims. The National Association of Independent Insurers (NAII) said …

ebix.com Reports Profitable 2ndQ Results

ebix.com Inc., an international supplier of software and e-commerce solutions to the property and casualty industry, announced results for the second quarter ended June 30, 2002. ebix.com reported second quarter net income of $17,000, as compared to $175,000 for the …

Assurex Global Expands U.S., Australian Presence

Assurex Global, a Columbus, Ohio-based risk management and commercial insurance brokerage group, announced acquisitions in Australia, Florida, and Louisiana. The company’s new brokerages include Zuellig Insurance Brokers Holdings Limited in North Sydney, Australia, Oswald, Trippe and Company Inc. in Fort …

Paige-Ruane Contracts with IDP for ISO Reporting

Virginia-based MGA Paige-Ruane Inc. has chosen Pennsylvania-based Insurance Data Processing (IDP) to fulfill ISO bureau reporting requirements for a commercial automobile book of business. Under the contract, Paige-Ruane captures information from its systems needed for reporting and exports it to …

eAutoclaims Launches New Application

Florida-based eAutoclaims, Inc., a provider to the insurance industry with online claims management solutions through both an Application Service Provider (ASP) and outsourcing solutions services, has launched a new application, eJusterTransfer™, which enables insurance companies and adjusters to modify and …

Ultimate Software to Provide Amerisure with Workforce Management System

Florida-based Ultimate Software announced that insurer Amerisure is leveraging UltiPro as its workforce management solution for human resource and payroll functions and as a central portal for communications. Amerisure needed a more advanced workforce solution and an integrated communications platform …

GAINSCO Reports 2ndQ Loss of $4.8M

Texas-based GAINSCO INC. released its financial results for the second quarter of 2002, including a net loss of $4.8 million. This compares to a second quarter 2001 net loss of $7.9 million (net loss applicable to common shareholders of $8.6 …

NAII Says Iowa Privacy Regulations Would Penalize Single Infractions

Under Iowa’s proposed regulation on consumer privacy, an insurer could be penalized for a single instance of failing to comply with its requirements, according to the National Association of Independent Insurers (NAII). NAII Counsel Ann Weber, in a letter to …

Acceptance Companies Notes Loss

Iowa-based Acceptance Insurance Companies Inc. announced a net after-tax loss of $5.2 million, or $0.36 per share, for the three months ended June 30, 2002. This compares with a net after-tax loss of $888,000, or $0.06 per share, for the …