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

NAII Says No-Fault Reform Legislation is No Bargain for Colo. Residents

Colorado’s major automobile insurers are reportedly urging lawmakers to reject a last ditch no-fault auto insurance reform plan that would offer no cost saving for policyholders. Members of the National Association of Independent Insurers (NAII), which consists of the state’s …

ISO Tech Conference to Explore Terrorism, Mold, Med-Mal, ID Theft

The Insurance and Technology Conference, sponsored by Insurance Services Office, Inc. (ISO), will be held Nov. 2-4 at the Disneyland Hotel in Anaheim. Dr. James Canton, futurist and author, will be the keynote speaker, discussing: RealTime: Creating Competitive Advantage in …

USI Holdings Corp. Says 1stQ Results Proof It Can Deliver

San Francisco-based U.S.I. Holdings Corporation reported record financial results for the first quarter ended March 31, 2003. Net income from continuing operations for the quarter increased $18.8 million to $4.9 million from a loss of $13.9 million recorded during the …

Teradata Program Enabling Companies to Cut Hidden IT Costs

Teradata, a division of NCR Corporation, announced a data mart consolidation program designed to help insurance companies save millions by tackling a common problem hidden within their information technology (IT) infrastructures – too many data warehouses, not enough information. By …

Farmers Insurance Group and I Saw You Safety & Scholarship Foundation Begin Pilot Program for Teen Drivers

Because teen drivers are responsible for a death every 90 minutes and an injury every single minute in our country, I SAW YOU SAFETY & SCHOLARSHIP FOUNDATION and FARMERS INSURANCE GROUP are launching a pilot program throughout the summer of …

AXIS Announces First Quarter Results

AXIS Capital Holdings Limited, the Bermuda-based specialty insurer formed in 2001 by Marsh Inc.’s. Trident II fund and other investors, announced that gross premiums written for the quarter ended March 31, 2003 were $608.6 million compared to $265.7 million for …

Kingsway Reports Q1 Net Income up 33% at $24.4 Million

Toronto-based, Kingsway Financial Services Inc., a leading provider of commercial and non-standard auto coverage in Canada and the U.S., announced record financial results for the quarter ended March 31, 2003, posting gains in net income and earnings per share. Net …

Death Toll Rises in Turkish Earthquake

More than 100 people have reportedly died and many more are missing following the earthquake that struck a mountainous region of Eastern Turkey early Thursday morning. Rescue efforts were centered on a local school in the village of Celtiksuyu in …

MIIX Group Trading on OTC Market

The Lawrenceville, New Jersey-based MIIX Group, Inc., a provider of medical professional liability insurance services, announced that its common stock is trading on the over-the-counter (OTC) Bulletin Board under the ticker symbol “MIIX.” “The OTC Bulletin Board is a regulated …

Insurance Orgs. File Brief Urging NJ Supreme Court to Reverse Decision in Split Limits Case

The Alliance of American Insurers, joined by the American Insurance Association, the National Association of Independent Insurers and the Insurance Council of New Jersey, have filed an amicus curiae brief with the New Jersey Supreme Court supporting the reversal of …