August 5, 2002
Nuts & Bolts: Big “I” Markets, an online market-access program created by the Independent Insurance Agents & Brokers of America (IIABA), is now offering short and long-term event liability insurance that association members in 36 states and the District of …
August 5, 2002
The Society of Certified Insurance Service Representatives (CISR) and the Society of Certified Insurance Counselors (CIC), both headquartered in Austin, have selected the state winners of the 2002 Outstanding CSR of the Year Award. Donna L. Walker of Westwood Insurance …
August 5, 2002
Ernie Stromberger, executive director of the Independent Insurance Agents of Texas (IIAT), received the prestigious Raymond Mauk Leadership Award from the Insurance Council of Texas (ICT). The award was announced July 18 at ICT’s Mid-Year Property and Casualty Insurance Symposium …
August 5, 2002
A.M. Best has given Lloyd’s syndicates 1003 and 2003—known as syndicate 1003/2003 (the syndicate)—a syndicate rating of “A.” The ratings of syndicate 1003/2003 are based on excellent operating performance, strict management control of underwriting, capital flexibility, carefully managed growth and …
August 5, 2002
Fitch Ratings assigned a “B-” Long-Term issuer rating to Acceptance Insurance Companies Inc. (Acceptance) and a “CCC+” rating to Acceptance’s $94.875 million 9.00 percent Trust Preferred Securities, due 2027. Acceptance is the parent company of Nebraska-based American Growers Insurance Company. …
August 5, 2002
S&P revised its financial strength rating on American Horizon Insurance Co. to “R” from double-“Bpi” after learning that the Cook County Circuit Court issued a liquidation order with a finding of insolvency against the company on July 11, 2002. Before …
August 5, 2002
Standard & Poor’s removed St. Paul Cos. Inc. and its subsidiaries from CreditWatch and lowered its counterparty credit rating on the St Paul Cos. to “BBB+” from “A-“, due to the company’s challenges executing certain strategic actions and its lower-than-expected …
August 5, 2002
With Maine on board, insurance regulators in 44 states and Washington, D.C., have approved Insurance Services Office Inc.’s (ISO) LOCATION™ database of Public Protection Classifications (PPC™), the ISO program that grades the fire-suppression capabilities of more than 45,000 municipalities in …
August 5, 2002
The Texas Workers’ Compensation Commission (TWCC) unveiled a new online tool, the Online Occupational Injury Custom Reports System. The Web-enabled database system allows safety and health professionals, insurance carriers, and other individuals to query occupational injury information from the agency’s …
August 5, 2002
President Bush’s proposal for major legislative reforms to address the medical malpractice liability crisis has been praised by both the Alliance of American Insurers and the IIABA. In a recent speech in North Carolina, Bush proposed a number of reforms …