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

Something for Everyone

Enron, WorldCom, Tyco, ImClone Systems and Adelphia Communications have become household names in the world of corporate mismanagement, poster companies for greed and corporate fraud run amok. True, you may agree, just before you ask: What do those companies have …

N.Y. Auto Plan Clarifies New Application Process

The New York Automobile Insurance Plan (NYAIP) has sent a clarification to the Professional Insurance Agents of New York (PIANY) regarding its new declination procedure for agents in that state. As stated by the Plan, the insurance department, producers and …

PIANY to Co-Sponsor 2002 CEO Agency Conference

The Professional Insurance Agents of New York (PIANY) will be jointly sponsoring the 2002 CEO Agency Conference with the New York Insurance Association and the Young Insurance Professionals Network. The event will feature a panel discussion allowing for critical interface …

Insurity Licenses Commercial Intellisys(R) to Venture Programs

Insurity, a ChoicePoint® has signed a licensing agreement with Venture Programs Inc. for its Commercial Intellisys system. Venture Programs will use Commercial Intellisys for Windows® to rate and process policies for workers’ compensation in multiple states. “Insurity offered the most …

S.C. Seeks Help in Drafting Bulletin

The South Carolina Department of Insurance has invited interested parties to assist the department in drafting a bulletin to communicate multiple changes in a new producer licensing law scheduled to go into effect Jan. 31, 2003. The Producer Model Licensing …

Fla. Investigators Bust Fraud Ring

Florida fraud investigators charged the owner of two Edgewood chiropractic clinics with organized fraud and grand theft, the result of an investigation into an alleged scheme to cheat insurance companies out of over $2 million. According to the Orlando Sentinal, …

FEMA Notifies Seibels Bruce of Intent to Discontinue Contract

The troubles of South Carolina-based Seibels Bruce Group Inc. mounted with the announcement that the company received notice from the Federal Emergency Management Agency (FEMA) that FEMA does not intend to offer Seibels Bruce a Financial Assistance/Subsidy Arrangement with the …

Town North Bank Hires BIS for Agency Services

Town North Bank, headquartered in Dallas, hired Banc Insurance Service Inc. (BIS), a provider of turnkey insurance agency solutions for financial institutions, to provide the bank with insurance agency services. The companies announced that the newly formed agency, Town North …

Bienek Joins Hallmark as EVP

Hallmark Financial Services Inc. of Dallas, Texas, a firm that engages primarily in the marketing and financing of non-standard automobile insurance in the State of Texas, announced that Timothy Bienek joined the company as executive vice president. Bienek will be …

Texas Approves ISO Homeowners 200 Program

The Texas Department of Insurance (TDI) has cleared the way for insurers to provide policyholders expanded coverage options under Insurance Services Office, Inc.’s (ISO) Homeowners 2000 program. With Texas on board, ISO’s Homeowners 2000 program has been approved by insurance …