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

Electric Insurance Announces Agency Offering

Electric Insurance Company recently began offering auto, home and personal umbrella protection though a select group of agents in six states. “We are very competitively priced for the middle market by design. Our 35 years of service to General Electric …

InVEST Students Participate in IIABA’s InfoXchange; Silent Auction Raises $38,000 for Student Scholarships

InVEST, an education program to strengthen the insurance industry by attracting a large pool of qualified insurance recruits, hosted 60 high school students at a “job shadow” event held during the recent Independent Insurance Agents & Brokers of America’s Las …

XL Announces Three Executive Appointments

Bermuda’s XL Capital has announced three appointments in its insurance operations. Don Baker, Hans Gmuender and Dennis Nishikawa have been named to new executive broker and client relations positions. “The new positions will increase the focus of XL’s insurance operations …

Report ING Fails in Attempt to Unfreeze $300 Million Held by Mexican Court

The Netherlands-based ING Group has reportedly failed in its attempt to unfreeze $300 million that has been in the hands of a Mexican court since the end of August. The court had ordered the seizure of the funds at the …

Commerce Group Files Registration Statement to Raise $300 Million

Massachusetts-based Commerce Group, Inc. announced that it has filed a registration statement with the Securities and Exchange Commission for a public offering of $300 million of senior unsecured notes. The Company said it is “planning to use the proceeds obtained …

PIANY, PIANJ, PIACT and PIANH Update QuickSource Document Service

The Professional Insurance Agents of New York State, New Jersey, Connecticut and New Hampshire Inc. announced the unveiling of major enhancements to their Industry Resource Center QuickSource document service. “PIA identifies the Resource Center as one of the most-used benefits …

S&P Comments on Impact of 9/11 Ruling on Insurers

Standard & Poor’s has issued a bulletin commenting on the recent ruling in favor of Swiss Re and other insurance companies in the case involving claims to be paid for the destruction of the World Trade Center (See IJ Website …

PIANY Congratulates NYSID on Success of IIES System, More Effort Needed on No-fault Fraud

The Professional Insurance Agents of New York State Inc., has issued a bulletin congratulating the New York State Insurance Department and the Department of Motor Vehicles on the recent success of the Insurance Information & Enforcement System (IIES), and also …

NYC Auto Fraud Bust Nets 51

Authorities announced the arrest of 51 individuals as part of the takedown of a no-fault insurance fraud ring in New York City last weekend. All are accused of taking part in a scheme that netted millions of dollars. The joint …

AQS Adds to Senior Management Team

Hartland, Wis.-based insurance software-maker AQS Inc. has added Christian Rosenstock as vice president of implementation services. Rosenstock will be responsible for managing the Implementation Services (IS) group as well as the strategic management of client implementations of V3 Galileo, AQS’ …