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

Industry Professionals Affirm RIMS Benchmark Survey Results

In a series of interviews conducted by Advisen, Ltd. since preliminary results of the RIMS Benchmark Survey were released last month, industry professionals report that the survey accurately reflects their current market experience. The survey results, published by Risk and …

Fiserv Releases Account Aggregation Software

Brookfield, Wis.-based Fiserv Inc. announced today that it will offer the Front View account aggregation solution to the insurance industry. With Fiserv Front View, insurance carriers can offer customers a secured, consolidated view of their personal assets and liabilities, including …

DOT Must Take Care on CGDL Program, Says NAII

The concept of a graduated commercial drivers license (GCDL) program has the potential to enhance highway safety, but without a cost-benefit analysis and age limits for young drivers, insurers suggest the program could be headed down the wrong road. Graduated …

IIABA Applauds Enactment of Tax Relief Bill

The Independent Insurance Agents & Brokers of America (IIABA) is hailing Wednesday’s enactment by President Bush of the Jobs and Growth Tax Relief Reconciliation Act, which reportedly provides independent agents and brokers several tax breaks that will help boost the …

Talbot Acquires Goreham·Moore & Associates

San Diego-based Goreham·Moore & Associates insurance brokerage has been acquired by Talbot Insurance & Financial Services. Talbot Insurance & Financial Services is a subsidiary of Talbot Financial Corporation headquartered in Albuquerque, N.M. Barry Moore, president of Goreham·Moore said that the …

Ryan Appointed Senior VP of Marketing for ESIS, ACE USA Regional Executive Operations

ACE USA has appointed John Ryan to the position of senior vice president, Marketing for ESIS and ACE USA’s regional executive operations. Ryan will be responsible for the development of strategic marketing plans for both ESIS, the risk management services …

State Fund Files Lawsuit Against Calif. Commissioner, CDI

California’s State Compensation Insurance Fund filed a lawsuit May 28 against the California Insurance Commissioner John Garamendi and the California Department of Insurance (CDI) requesting a court-ordered injunction that would prevent the CDI from exercising authority under Risk Based Capital …

David Tritton to Join Benfield’s Philadelphia Office as Sr. VP

Benfield, a leading global reinsurance intermediary, announced the appointment of David Tritton as a senior vice president, concentrating on new business production from the company’s Philadelphia office. “My goal is to play my part in helping to make Benfield the …

NAII Expresses Concern Over Potential Negative Impact of Maine Anti-Spam Bill

The National Association of Independent Insurers has expressed its concern to Maine Governor John Balducci that a bill aimed to thwart unwanted and unsolicited e-mail may interfere with legitimate electronic communications that insurers have with their consumers. “In an effort …

NYAIP Issues Plan Manual Amendments on Spousal Liability Coverage

The Plan Manual of the New York Auto Insurance Plan has recently been updated to conform with Insurance Department regulations, adopted last November, which require insurers upon the written request of an insured, and upon payment of the premium, to …