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

Companies Respond to PIACT Performance Survey

The Professional Insurance Agents of Connecticut announced that its recent company performance survey has “garnered positive feedback from the companies about which its members responded.” The survey polled independent agents on companies’ handling of claims, products and pricing; treatment of …

AIA Joins in Filing Amicus Brief in Support of Reg 68 Changes

The American Insurance Association announced that it has joined with other trade associations to file an amicus brief with the New York Court of Appeals in support of the changes in the no-fault auto insurance Regulation 68. The changes were …

S&P Affirms IAG New Zealand ‘AA’ Ratings

Standard & Poor’s Ratings Services announced that it has affirmed its ‘AA’ counterparty credit and insurer financial strength ratings on IAG New Zealand Ltd. with a stable outlook. “The rating affirmation takes into account the merger and integration of New …

Pierre-Denis Champvillard to Retire as SCOR Deputy COO

France’s SCOR Group announced that Mr. Pierre-Denis Champvillard, 57, Group Deputy Chief Operating Officer, has applied for leave to retire, effective July 1, 2003. The announcement indicated that Champvillard, who has been with SCOR since 1971, had made a personal …

Dominion of Canada Announces NB Broker Appointments

The Dominion of Canada General Insurance Company announced that all offices of The Huestis Group Agencies in northern New Brunswick are now authorized to do business with the company In announcing these broker appointments, Dominion President and CEO George L. …

Moody’s Cuts Kemper to ‘Caa3,’ Withdraws Ratings

Moody’s Investors Service has downgraded the insurance financial strength ratings of members of the Kemper Insurance Cos. inter-company pool “Caa3” from “B3.” In the same action, Moody’s downgraded the ratings of surplus notes issued by Lumbermens Mutual Casualty Co., the …

Ohio DOI Investigation Led to Indictment of Credit General CEO

An investigation initiated by the Ohio Department of Insurance led to a 16-count federal indictment yesterday of Robert J. Lucia, former CEO of Beachwood, Ohio-based Credit General Insurance Co., for alleged bank fraud, money laundering, and filing false income tax …

NAAIA Expects 300 at Las Vegas Summit

The National African-American Insurance Association (NAAIA), dedicated to empowering African-American insurance professionals and increasing their numbers nationwide, announced that its 2003 National Conference and Empowerment Summit will be held Sept. 19-21 in Las Vegas at Caesars Palace. Some 300 independent …

IIASA to Hold D&O Seminar

The Independent Insurance Agents of San Antonio announced it will hold a continuing education seminar, “Non-Profit Directors & Officers Liability” in conjunction with Victor O. Schinnerer & Company on July 31. The course will be held at the San Antonio …

Auto Rate Hearing Scheduled in Alabama

The Alabama Insurance Department announced that a public hearing on the proposed revision of private passenger automobile insurance rates and rules as filed and requested by Encompass Insurance Company of America and The Glens Falls Insurance Company, will be held …