March 17, 2003
Approximately 2,600 independent agents, CSRs and agency employees flocked to Orlando, Fla. March 13-16 for the AMS Users’ Group 27th Annual National Conference. AMS Services Inc., together with AMS Users’ Group, made several announcements March 14; announcements that will change …
March 17, 2003
A bill to regulate credit-based insurance scoring substantially similar to a model bill formulated by the National Conference of Insurance Legislators (NCOIL) has been passed out of Illinois’ House Insurance Committee and is very likely to be sent to the …
March 17, 2003
A group funded by suburban Chicago mayors who oppose the expansion of O’Hare International Airport says it will release evidence today to show that Cook County Commissioner and mayoral brother John Daley made up to $400,000 in commissions brokering insurance …
March 17, 2003
Preliminary estimates from February’s snow and ice storms that hammered 16 states from the Mid-Atlantic to New England caused less than $20 million in insured losses in Ohio, according to the Ohio Insurance Institute (OII). Losses reported to-date stand at …
March 17, 2003
Mayfield Village, Ohio-based Progressive Corp. has reported that for February 2003, the company produced a GAAP combined ratio of 89.8 percent. Net premiums written increased 31 percent to $942.7 million for the month, compared to $719.6 million last year. Net …
March 17, 2003
Southfield, Mich.-based alternative risk specialist Meadowbrook Insurance Group has lost Executive Vice President and Chief Operating Officer Joseph C. Henry to XL Capital. Henry will work in XL’s London, England, operation. Karen M. Spaun, Meadowbrook’s chief accounting officer, has been …
March 17, 2003
RTW Inc., which manages workers’ compensation programs, has reported net income for the fourth quarter ended Dec. 31, 2002, of $8.1 million, or $1.57 per basic and diluted share, compared to a net loss of $23.3 million, or $4.53 per …
March 17, 2003
Georgia Governor Sonny Perdue’s firing of the state’s insurance consumer advocate is a step in the right direction toward streamlining the insurance process and reestablishing the insurance commissioner’s office as the preeminent voice for Georgia insurance consumers, according to the …
March 17, 2003
The National Association of Independent Insurers (NAII) reports the Arkansas Senate has amended and passed a House bill that would reform the state’s civil justice system. “We commend the Arkansas House and Senate for addressing this difficult topic in such …
March 17, 2003
Texas Lieutenant Governor David Dewhurst and Senator Troy Fraser of Horseshoe Bay, chair of the Senate Business and Commerce Committee, have come out in favor of regulating insurers’ use of credit histories. According to a report on the Senate Web …