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

CT Broker Implements Xcipio’s Pilot Program for Single-Point-of-Entry Access System

Massachusetts-based Xcipio, announced that Burns, Brooks & McNeil, headquartered in Torrington, CT, one of New England’s largest independent insurance agencies, has implemented its XcelerRator(TM) system “to provide the company and its six branch offices with web-based, single-entry access to multiple …

Maria Treglia to Head Hub International Program Brokerage Corporation Initiative

Chicago-based Hub International Limited announced today that its New York City-based wholesale insurance unit, Program Brokerage Corporation (PBC), will offer its network of over 1200 producers access to Professional Liability insurance for their retail clients. Maria A. Treglia has been …

Big Day for NJ Auto Reform Supporters

St. Patrick’s Day in Trenton NJ took on a decidedly political character as supporters of proposals to change the state’s restrictive automobile insurance regulations gathered at the state capital both inside and outside the legislature to push for reforms they …

A.M. Best Affirms B++ Rating of Fuji Fire & Marine; A+ Rating of NZ’s ACC

A.M. Best Co. announced that it has affirmed the financial strength rating of B++ (Very Good) of Japan’s Fuji Fire & Marine Insurance Company Ltd. with a stable outlook, and the A+ (Superior) financial strength rating of New Zealand’s Accident …

R&SA Canada to Provide Travel Coverage for ETFS Group

Royal & Sun Alliance Insurance Company of Canada announced an agreement with Expert Travel Financial Security Inc. (ETFS), described as a specialist in “added-value niche health and travel insurance program management, in Canada and around the world,” to provide travel …

Ravi Nathan Appointed Sr. VP of ACE USA Global Weather

ACE USA announced that Ravi Nathan has been named Sr. VP – Global Weather, a new division within the company. He will report directly to Ed Zaccaria, president of ACE USA Specialty P&C Group. “Based in Philadelphia, Nathan is responsible …

New PC Loss Survey Shows Accident Claims Outpace Thefts

Personal computer owners who filed loss claims in 2002 were nearly five times more likely to have experienced accidental damage than theft, according to a survey released by Safeware, The Insurance Agency Inc. Accidental damage accounted for 72 percent of …

Sky Sells $50 Million in Notes

Sky Financial Group Inc., the Bowling Green, Ohio-based corporate parent of Sky Insurance, has announced that it has sold $50 million in subordinated notes. The notes were issued and sold in a private offering pursuant to an applicable exemption under …

eAutoclaims Celebrates Profitability

Oldsmar, Fla.-based eAutoclaims Inc., which provides online claims management solutions for the auto insurance industry through both an application services provider (ASP) and outsourcing services, achieved profitability during February of 2003, the first month of its third fiscal quarter. According …

Ala. Commissioner Urges Passage of Fraud Bill

Acknowledging that his state has yet to enact strong measures to combat insurance fraud, Alabama Insurance Commissioner Walter A. Bell released the following statement in support of such anti-fraud legislation: “Insurance fraud is nothing new; even so, it must be …