June 3, 2003
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 …
June 3, 2003
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 …
June 3, 2003
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 …
June 3, 2003
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 …
June 2, 2003
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 …
June 2, 2003
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 …
June 2, 2003
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 …
June 2, 2003
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 …
June 2, 2003
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 …
June 2, 2003
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 …