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

AMS Services Announces New Products, Changes for Users

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 …

Ill. Scoring Bill a Cinch to Pass, Say Industry Reps

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 …

Daley Brother Made $400,000 Brokering City Contractors’ Insurance for Near North, Group Alleges

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 …

Ohio February Winter Storm Losses Less Than Expected

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 …

Progressive Reports 89.8% Combined Ratio for February

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 …

Meadowbrook Loses COO Henry to XL

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 …

RTW Reports Income Per Share of $2.78 for 2002

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 …

Georgia’s Perdue Fires Insurance Consumer Advocate

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 …

Ark. Senate Okays Tort Reform Bill

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 …

Dewhurst, Fraser Want Credit Score Regulation

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 …