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

INTERNATIONAL INSURANCE SOCIETY GLOBAL CONF. TO BE HELD IN NYC

The 39th annual seminar of the International Insurance Society (IIS), hosted by the Insurance Information Institute, is scheduled to be held July 13-16, at the Waldorf-Astoria in New York. Among the issues to be discussed by many of the world’s …

CONNING SAYS AUTOMATING COMMERCIAL UNDERWRITING NOT AUTOMATICALLY PROFITABLE

The commercial property/casualty industry is on the threshold of an “adapt or perish” decision when it comes to underwriting automation, according to a study from Conning Research & Consulting, Inc. The study, “Executing Commercial Underwriting Automation—It’s Only a Tool,” finds …

FARMERS FILES FOR LOWER RATES FOR NEV. HOMEOWNERS

Farmers Insurance Group announced it has filed for a rate reduction with the Nevada Department of Insurance on all homeowners business in the state of Nevada. If approved by the department, beginning with Sept. 16 renewals, many of Farmers’ customers …

STATE FUND’S TRIAL TEAM RECEIVES DECISION IN A&J LIQUOR CASE

Sheppard, Mullin, Richter & Hampton announced that after nearly seven years of litigation, in a seven-month trial, its trial team, headed by Gregory A. Long, and with Fred Puglisi, Phil Atkins-Pattenson, Jim Burgess, and Justine Casey, obtained a decision on …

PIANJ Commends State on Passing Measure Protecting Agents’ Books

The Professional Insurance Agents of New Jersey Inc. commended the state Senate for its unanimous passage of legislation to help to ensure agents’ ownership and commission rights are continued when an insurance company transfers its policy obligations to a new …

N.J. Auto Reforms May Signal Regulatory Climate Change Nationwide

When Governor James E. McGreevey signed The New Jersey Automobile Insurance Competition and Choice Act (S-63/A-2625), he launched another effort aimed at solving the state’s automobile insurance crisis. This time, however, unlike past efforts at “reform,” it may actually begin …

Living in Changing Times

Ride mass transit in California, walk into a store in Texas, step on a plane nationwide, and you will see two languages displayed in many instances. With an ever-growing Hispanic population across the country, this trend will likely grow. As …

SCOR Issues Statement on S&P Downgrade

Standard & Poor’s rating service has reportedly downgraded French reinsurer SCOR Group. The decision, which an S&P spokesman said would be made public soon, brought a statement from SCOR management that it “regrets” the decision. “This decision does not reflect …

CCBsure Helps Agents Place WC for Technology Risks in Calif.

ISG International Inc., the managing general agency for the CCBsure® insurance program, is offering stable market alternatives to California agents and brokers searching to place hard to find workers’ compensation coverage. Specifically, the CCBsure program offers specialized insurance coverage for …

London Market Technology Specialist Extends Operations to North America

Mi Limited announced its entry into the North American insurance market with the opening of an office on Wall Street, New York City. Mi provides internet-based software solutions to the commercial insurance sector. It counts amongst its users Aon, HSBC, …