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

The Hartford Able to Handle Commercial Lines Scheduled Items in AMS-Generated Excel Stream

The Hartford Financial Services Group has sped up the process for AMS systems users to handle large amounts of schedule data as part of the application and rating process for middle market business. A provider in using technology to enhance …

S&P’s Assigns Washington Casualty Co. ‘R’ FSR

Standard & Poor’s has assigned its ‘R’ financial strength rating to Washington Casualty Co. upon its placement into receivership by Thurston County Superior Court. “This rating action follows the company’s filing of an annual statement for 2002 that showed its …

AAI Encouraged with House Passage of HR 5

Rodger Lawson, president of the Alliance of American Insurers (AAI), issued the following statement upon House passage Thursday of the “Help Efficient, Accessible, Low-Cost, Timely Healthcare (HEALTH) Act of 2003” (HR 5): “The Alliance of American Insurers is very encouraged …

Kronin Joins Georgia State’s RMI Department

The Department of Risk Management and Insurance (RMI) at Georgia State University’s Robinson College of Business announced the appointment of Kevin T. Cronin, J.D., as a Professor of Legal Studies. Recognized for his strong knowledge on international insurance, particularly public …

New Workers’ Comp Insurers Approved in S.C.

Newport Star Reinsurance Company and Accident Insurance Company (AIC) announced they have been approved by the South Carolina Department of Insurance, and are now able to offer property and casualty insurance with a specialization in workers’ compensation for PEOs. Management …

Study Finds Doctors, Patients Suffer From Med Mal Issues

High medical malpractice rates were topic of a recent press conference held by the Texas Association of Obstetricians and Gynecologists (TAOG), at which the organization released the results of a survey of patients and physicians that found medical malpractice to …

Montemayor Says Homeowners Rates Are Too High

In a highly anticipated preliminary report to the Texas Legislature, Insurance Commissioner Jose Montemayor told lawmakers that some of the state’s 12 largest homeowners insurance companies are charging rates that are too high by as much as 25 percent in …

Arthur J. Gallagher & Co. Acquires Calif. Agency

Arthur J. Gallagher & Co. announced the acquisition of Benefits Planning & Insurance Agency, Inc. of Larkspur, Calif. Founded in 1978, Benefits Planning & Insurance Agency (“BPI”) is one of the largest employee benefit brokerage operations in Northern California. They …

Insurity Offers Terrorism Coverage Support; Enhancement to Commercial Intellisys(R) Policy Administration System

Insurity Inc., a ChoicePoint® company, announced that its policy administration platform now provides broad support for the Terrorism Risk Insurance Act of 2002 mandates. Insurity has taken a multi-phase approach for delivering this functionality, providing an easy-to-use and efficient way …

We Take Risk Out of the Stock Market!

Determined to counter the economic downturn impacting other companies and to make a difference in the midst of today’s economic slump, AXCESS Insurance and its CEO are expanding their work-force and providing millions of Americans with an opportunity to supplement …