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

Canon Insurance Service Finalizes Agreement with Custom Insurance Solutions

Canon Insurance Service, an Excess & Surplus lines broker in California for over 35 years, with offices in Beverly Hills and Woodland Hills, recently signed a contract with Custom Insurance Solutions (CIS) for the Agency Information Manager (AIM) system. Andrew …

Aon Study Reports Homeowners ROE Still Improving but at Slower Rate

Aon (www.aon.com) announced the results of Aon Re Worldwide’s second follow-up study of return on capital in the U.S. Homeowners insurance marketplace. The results of the study reportedly reveal further improvement in expected return, although the rate of improvement has …

Argonaut Reports 54% Increase in Q3 2003 Premiums

San Antonio-based Argonaut Group Inc. announced financial results for the three- and nine-month periods ended Sept. 30, 2003. According to the company, highlights for the third quarter of 2003 include: · The Company’s continuing segments produced a combined ratio of …

Med-Mal Hearing Scheduled in Oklahoma

Oklahoma Insurance Commissioner Carroll Fisher announced he will conduct a hearing Nov. 18, 2003 on a rate increase in medical malpractice insurance rates proposed by Physicians Liability Insurance Co. Under a recently enacted state law, policyholders impacted by proposed medical …

NAII: Wildfire Damage Estimated at $500 Million

Most of the damage from the rash of wildfires ravaging Southern California will be covered under property owners’ homeowners and fire insurance policies, according to the National Associaiton of Independent Insurers (NAII). Preliminary estimates indicate that insured losses from the …

Infinity Property and Casualty Corp. Reports Successful Q3 Numbers

Alabama-based Infinity Property and Casualty Corporation, a provider of personal automobile insurance with an emphasis on nonstandard auto insurance, reported net earnings for the third quarter of $15.0 million or $0.72 per share, on a fully diluted basis, compared to …

No CE Phone Calls to Okla. Department Please

The Oklahoma Insurance Department reported that as of Oct. 23, 2003, it is no longer accepting phone calls inquiring about the number of continuing education hours a licensee has on file with the department. Agents may check their current CE …

Danger: Deer on the Road

The Insurance Council of Texas distributed a reminder that the next few weeks are one of the most dangerous times of the year for motor vehicle collisions involving deer. The highest number of auto accidents involving deer in Texas traditionally …

Higginbotham Adds Emerson to Specialty Transport Unit

Dallas/Fort Worth-based Higginbotham & Associates announced it hired trucking and transportation insurance expert David Emerson as vice president of the firm’s newly established Transportation Division. Emerson brings with him more than 16 years of commercial insurance experience, with a strong …

Navigators Pro Offers New Lawyers’ Professional Liability Policy

Navigators Pro, a division of Navigators Management Company, a subsidiary of The Navigators Group, announced the introduction of “LPL Magistrate(SM) its Lawyers’ Professional Liability Policy.” The bulletin noted that law firms have experienced “an escalation in the severity of legal …