Monthly Archives: <span>January 2003</span>

PIFC Elects 2003 Board Chairman and Officers

Dan Dunmoyer, president of the Personal Insurance Federation of California (PIFC), announced that Daniel E. Kinney, California vice president-operations for State Farm Insurance Companies, will continue serving as the organization’s chairman of the Board in 2003. He was elected to …

New Fla. Dept. of Financial Services in Full Swing

The Florida Department of Financial Services, the new agency resulting from the merger of the departments of Insurance and Banking and Finance, has opened its doors. The agency, headed by Chief Financial Officer Tom Gallagher, is responsible for serving consumers …

MaximInsurance Adds Marketing Coordinator

MaximInsurance recently added a new associate, Michael Cullick, to its team of insurance professionals. Cullick, an active member of the Chartered Property and Casualty Underwriter Society, will serve as marketing coordinator for the organization. Cullick earned his bachelor’s degree in …

Calif. Pair Arrested on Felony Ins Fraud

Two Stanislaus County men were arrested on felony insurance fraud charges following an investigation by the California Department of Insurance, Criminal Investigations Branch’s Fraud Division. Robert L. Pritchett, 28, of Patterson, Calif., was arrested and booked into the Stanislaus County …

NAII Says Ohio’s Proposed Credit-Based Scoring Rules Soften, but Need Fine-Tuning

Ohio’s proposed credit-based insurance scoring rules have softened, but need additional fine-tuning to be more effective and beneficial to consumers, according to the National Association of Independent Insurers (NAII). In a Dec. 27 letter the NAII delivered to new Ohio …

S&P’s Takes Off Watch, Affirms Fireman’s Fund Ratings

Standard & Poor’s has removed from CreditWatch and affirmed its ‘A+’ counterparty and financial strength ratings on Fireman’s Fund Insurance Co. and related entities (FFIC) because of support from the companies’ parent, Allianz AG. Standard & Poor’s also said that …

Uniform Information Services Releases AuthenticWeb for Selection/Rejection

Uniform Information Services (Uniform), a provider of information solutions for compliance professionals in the P/C industry, has released AuthenticWeb for Selection/Rejection. Uniform is a division of CCH Incorporated (CCH). AuthenticWeb is a combination of Uniform’s traditional product offerings in Selection/Rejection …

Mich. Legislative Session Concludes with Good News for Insurers

The Michigan Legislature adjourned a very busy but generally successful legislative session recently. Several bills of interest to property/casualty insurers passed during the last two weeks of the session including legislation addressing commercial lines deregulation and personal injury protection (PIP) …

Ariz. Fraud Suspect Arrested for Witness Tampering

On Dec. 13, 2002, James Kovacs was arrested in Tucson, Ariz. on an outstanding warrant charging him with witness tampering. The Pima County Fugitive Task Force arrested Kovacs who is now awaiting trial in Santa Cruz County Court for several …

S&P’s Lowers Insurance Co. of West and Related Ratings to ‘BBpi’

Standard & Poor’s has lowered to ‘BBpi’ from ‘BBBpi’ its counterparty credit and financial strength ratings on Insurance Co. of the West (83.5 percent) and its qualifying inter-affiliated pool members, The Explorer Insurance Co. (15.0 percent) and Independence Casualty & …