June 9, 2003
In response to Workers’ Compensation Insurance Rating Bureau (WCIRB) correspondence, the WCIRB has been notified by Legion Insurance Company and Villanova Insurance Company, both of which are in rehabilitation by the Pennsylvania Insurance Commissioner, that the unit statistical data being …
June 9, 2003
Missouri Department of Insurance Director Scott B. Lakin said consumer service representatives will counsel victims of the state’s May tornados in seven communities later this month. The counselors will visit Camdenton, Canton, DeSoto, Jackson, Kansas City North, Mt. Vernon and …
June 9, 2003
Nationwide Insurance President Galen R. Barnes will retire, effective Dec. 31, after a 28-year career with the Columbus-based Fortune 500 insurance and financial services organization. Barnes retired for personal reasons, according to Nationwide CEO W.G. Jurgensen. Barnes has served as …
June 9, 2003
Southwestern Insurance Information Service announced it will host a Public Policy Forum, “The Texas Legislative Session: Beyond the Debate,” July 11, 2003 at the Intercontinental Hotel in Dallas, Texas. Panelists will include Lee Ann Alexander, assistant vice president-legislative counsel, Liberty …
June 9, 2003
Dallas-based Higginbotham & Associates, one of the nation’s 100 largest independent insurance brokerage firms, added commercial insurance and risk management professional Jeff Turner to its rapidly expanding Dallas office as managing director. Turner, who earned a degree in accounting from …
June 9, 2003
Cracking down on a number of illegal benefits plans that have cropped up in his state, Arkansas Insurance Commissioner Mike Pickens revoked the licenses of four insurance agents who sold or were involved in the marketing of an unauthorized health …
June 9, 2003
Tennessee Commissioner of Commerce and Insurance Paula A. Flowers announced that her department received court approval to liquidate three Tennessee-chartered malpractice insurance companies that issued policies to lawyers, doctors, counselors and medical facilities. The three companies are reciprocals—American Lawyers Insurance …
June 9, 2003
A.M. Best Co. has placed the financial strength rating of A- (Excellent) of the Atlantic Mutual Companies (The Atlantic) (New York) under review with negative implications. Concurrently, A.M. Best has placed the “bbb” debt rating of Atlantic Mutual Insurance Company’s …
June 9, 2003
ICICI Infotech, the global technology solutions company, has launched PREMIA an integrated insurance management system for insurance companies. PREMIA is an enterprise-class solution that offers a complete solution to insurance companies. In the United States PREMIA is being targeted at …
June 9, 2003
Modernization of how states monitor insurer market conduct is a key element to preserving state regulation of insurance, and state legislators can play a key role in making sure existing initiatives are implemented quickly and efficiently, according to a long-time …