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

IIANY Elects Officers and Directors; Maura T. Clancy Becomes First Woman to Lead Group

It only took 121 years, but the election of Garden City agent, Maura T. Clancy to lead the Independent Insurance Agents Association of New York Inc. is a landmark event for the organization. Clancy, President of Clancy & Clancy Brokerage, …

NAII Says Quickest Cure for MA Auto Insurance Market is Increased Competition

Representatives of the National Association of Independent Insurers told the Massachusetts Division of Insurance at a recent hearing that one of the most effective ways to enhance the insurance market for consumers in the Bay State “is to move from …

Donald K. Gardiner, CAE, Retired CEO of PIA National Dies

A bulletin from the Professional Insurance Agents noted the untimely death of Donald K. Gardiner, 63, retired chief executive officer of the National Association of Professional Insurance Agents and former executive director of the Professional Insurance Agents of New York …

NAII, Alliance and AIA Comment on NJ Auto Reform Bill’s Passage

The National Association of Independent Insurers, the Alliance of American Insurers and the American Insurance Association all had favorable comments on the passage of New Jersey’s Auto Insurance Reform Act. (See previous article) The bill, SCS 63/A.B. 2625, “reverses three …

NJ Assembly Approves Auto Insurance Reform Act

On Friday the New Jersey General Assembly unanimously approved The Automobile Insurance Competition and Choice Act (S-63/A-2625), a measure designed to correct “years of politically influenced auto insurance regulations, which have eroded the availability of coverage for the state’s drivers,” …

Calif. Commissioner Authorizes Bailout of Guarantee Fund

California Insurance Commissioner John Garamendi recently authorized an emergency bailout of the California Insurance Guarantee Association (CIGA), the industry fund on the brink of collapse due to the numerous insolvencies of workers compensation carriers in California over the past few …

Progressive Scores April 88.3% Combo Ratio

Progressive Corp. reported that for April 2003, the company produced a GAAP combined ratio of 88.3. Net premiums written increased 28 percent to almost $1.2 million for the month, compared to $928 million last year. Net premiums earned for the …

EMC Agencies to WebLink From SIS SEMCI Partner

Strategic Insurance Software, Inc. (SIS) announced the certification of Des Moines, Iowa-based EMC Insurance Companies for WebLink with their SEMCI Partner agency management system. According to SIS, WebLink enables agencies to lookup their policyholder information on the carrier Web site …

Garamendi, Lockyer to Address ACIC’s XIV Annual General Counsel Seminar

Presentations by state officials and panel discussions that present the most up-to-date overviews on issues affecting property/casualty insurers writing business in California will highlight the Association of California Insurance Companies’ XIV Annual General Counsel Seminar this summer. “We have designed …

Exigen Group Unveils Insurance Process Backbone

Exigen Group announced at the 2003 Annual ACORD Conference Monday in Orlando, the Exigen Insurance Process Backbone, which extends its current insurance product offerings. The only ACORD standard-based product on the market that enables enterprise-wide business processes to be supported …