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

Cigital Chief Tech Officer to Deliver Keynote Address at TechAssure Conference

Markham Rollins, III chairman of TechAssure Association, Inc. announced that Gary McGraw, Ph.D., Chief Technology Officer of Cigital, which provides Software Quality Management solutions, will provide the keynote address at the Associations Conference, being held May 17-20 at the Lansdowne …

North Dakota’s Session Ends Positive for Insurers

North Dakota’s 2003 legislative session was reportedly a very positive session for property/casualty insurers highlighted by the passage of legislation dealing with the payment of attorney fees in uninsured motorist claims, a property insurance placement facility bill and the National …

Premier Class Insurance Services Joining United Agencies

Thomas Hays, chairman of the board for United Agencies, announced that effective May 15, Premier Class Insurance Services, Inc. of Encino, Calif., is coming aboard as their newest member group. Premier Class Insurance Services, Inc., a partnership, writes commercial lines, …

AAI Welcomes Colo. Transition From No-Fault to Tort-Based Auto System

Recently, Colorado Gov. Bill Owens (R) signed into law AB 1188, authored by Rep. Keith King (R-21 El Paso), to allow the state’s auto insurance system to transition from a no-fault system to a tort reparation system similar to that …

N.M. Court of Appeals Rejects Auto Liability Stacking

The New Mexico Court of Appeals recently rejected the theory of liability stacking with regard to automobile insurance, the American Insurance Association (AIA) reported. In the case of Linda Ann Slack, et al. v. James Robinson, et al., the court …

Fitch Sees P/C Insurers’ Underwriting Results Improving in ’03

Fitch Ratings’ current estimate is that the domestic property/casualty insurance industry will experience an improvement in the combined ratio to 103.9 percent in 2003 from 107.2 percent in 2002, with an increase in premium volume of approximately 10 percent in …

Kansas City Life Insurance Company First Quarter, 2003 Earnings Release

Kansas City Life Insurance Company posted a $0.62 per share net loss in the first quarter 2003, compared with a $0.54 per share net income last year. The net loss of $7.5 million for the quarter is primarily due to …

PIANJ Provides Input to DOBI on Privacy Safeguards

The Professional Insurance Agents of New Jersey Inc. announced that it had recently provided input to the New Jersey Department of Banking and Insurance (DOBI) on its proposed new rules establishing standards for insurers and producers for protecting non-public customer …

PIANJ Supports Proposed “Hurricane Deductible” Regulation

The Professional Insurance Agents of New Jersey Inc. has written a letter to Assistant Commissioner Douglas Wheeler of the New Jersey Department of Banking and Insurance, indicating the organization’s support for the department’s proposed new rules establishing uniform policy language …

NAII Expresses Concerns about Vt. UIM Bills

The National Association of Independent Insurers has issued a bulletin stating that two Vermont bills that include provisions dealing with underinsured motorist coverage (UIM) “would be detrimental to auto insurers and their policyholders.” Gerald Zimmerman, NAII senior counsel, stated: “We …