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

Perry Stresses Texas’ Need for Med Mal Reform

Emphasizing the urgency of medical malpractice reform in Texas, Gov. Rick Perry pushed forward his appeal for decisive legislative action to stop the medical lawsuit abuse crisis facing Texans. At a news conference at South Austin Hospital Perry was joined …

Industry Groups Say Texas Report Supports Credit Score Claims

A report prepared for the Texas Legislature on credit-based insurance scores supports the insurance industry’s assertions that credit history is a valid tool in predicting future claims, according to trade groups such as the Alliance of American Insurers and the …

IMSA Says Market Changes Warrant State Regulatory Improvements

IMSA, the Insurance Marketplace Standards Association, has joined other insurance leaders in calling for improving state regulation of the industry so consumers can have more confidence in, and a better understanding of, what they are buying. In a letter to …

ESG Re Appoints Collery as Director

Bermuda-based ESG Re Limited appointed Peter Collery to the Board of Directors of the company as a non-executive Director. Collery is currently the president of SC Fundamental LLC, which manages the SC Fundamental Value Fund, L.P. The SC Fundamental Value …

St. Paul Expands Into Small Business Insurance

The St. Paul Cos. has unveiled a new platform aimed at growing the company’s business with small commercial enterprises. Features of the new approach include a state-of-the-art underwriting technology, enhanced customer service capabilities, flexible and competitive insurance products, and a …

Mo. Young Agent Awarded IIABA Scholarship

Kevin B. Hutchinson, CIC, CRM , a producer with C. J. Thomas Company in St. Louis, is the inaugural recipient of the Maurice Herndon scholarship established by the Independent Insurance Agents & Brokers of America (IIABA) to help a young …

Workers’ Comp Second Injury Fund Sunset Extension Moves to Iowa Senate

The American Insurance Association (AIA) said today that it strongly supports a five-year extension of the law that allows insurer assessments for Iowa’s workers’ compensation second injury fund to be based on paid losses through a premium surcharge. The second …

Colo. No-Fault Reform Needs Work, Alliance Says

A bill aimed at reforming Colorado’s no-fault auto insurance system is poised to pass the House, but misses the mark for significant reform, according to the Alliance of American Insurers. The bill, HB 1225, has passed the House Business Affairs …

Holman Joins Gray-Stone as VP

Gray-Stone & Company recently announced that Scott Holman has joined the organization as vice president. Holman will head up the new workers’ compensation department at the Thousand Oaks, Calif. office. Holman comes to Gray-Stone with more than 30 years of …

InsWeb Index Reveals Auto Ins. Rates Increase in 2002

InsWeb Corp. announced the updated results for its Auto Insurance Index based on fourth quarter 2002 data. The Index is designed to identify and track general pricing trends of personal auto insurance. According to data from InsWeb, the index revealed …