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

Employers of Nev. to Host Open House June 6

Employers Insurance Company of Nevada (EICN) will sponsor an Open House for its agents and vendors on Friday, June 6, 2003 at its Southern Nevada office to commemorate the company’s one year anniversary in Henderson. The event, which will run …

S&P Revises Navigators Outlook to Stable

Standard & Poor’s has revised its outlook on Navigators Insurance Co. and NIC Insurance Co. (collectively referred to as Navigators) to stable from positive because of the belief that Navigators’s capital adequacy could become strained if the company’s explosive growth …

InVEST Awards $40,000 in Scholarships

InVEST has awarded $40,000 in scholarships to a select group of InVEST students, doubling the scholarship awards from last year. Four high school seniors will each receive $5,000 scholarships, while eight other seniors will benefit from $2,000 scholarships. Two community …

Conning Research Says P/C Outlook Not as Bright as Rising Premium Rates Suggest

Despite substantial rate increases over the past three years, Property/Casualty insurers will not see any dramatic improvement in their financial results by 2004, according to Conning Research & Consulting, Inc. “Property-Casualty Forecast and Analysis by Line of Insurance, First Quarter …

Developers Surety and Idemnity Company Receives Additional Capitalization

Developers Surety and Indemnity Company, one of two underwriting companies within The Insco/Dico Group, is pleased to announce the completion of a $10 million surplus note offering that closed on May 22 at 2:00PM EST in New York. The additional …

Afni Services Delivers 24/7 Service to DORIS Customers

DORIS Insurance Systems and Afni Insurance Services have formed a partnership to deliver 24/7 service capabilities to DORIS customers. DORIS selected CSR24 from Afni Insurance Services as its 24/7 service and is making it available for both Doris’ Agent’s Choice …

Weiss Study Says Med-Mal Caps Fail to Prevent Premium Increases

Caps on non-economic damages have failed to prevent sharp increases in medical malpractice insurance premiums, even though insurers enjoyed a slowdown in their payouts, according to a white paper released by Weiss Ratings, Inc. In reviewing the impact that tort …

Alliance Calls New DE Credit Scoring Regulation a ‘Fair Compromise’

The Alliance of American Insurers has issued an announcement indicating that a final Delaware Department of Insurance regulation governing property/casualty insurers’ use of credit-based insurance scores that will go into effect June 1 is “fair to both consumers and insurers …

Alliance Hails Enactment of VT Electronic Commerce Bill

The Alliance of American Insurers hailed Vermont Governor Jim Douglas’ (R) for signing into law HB 148, a version of the Uniform Electronic Transactions Act (UETA), which supports use of electronic records and signatures. (See IJ Website May 23) The …

Baldwinsville, N.Y. Man Arrested for Making Fraudulent Property Claims

It was a busy week for the New York Insurance Department’s Fraud Squad. In addition to arresting three men charged in a motorcycle scam ring in the Bronx (see previous article), Superintendent Gregory V. Serio also announced the arrest of …