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

AICP New England Chapter Meets with R.I. Director, Marilyn Shannon McConaghy

The New England Chapter of the AICP (Association of Insurance Compliance Professionals) will hold a Chapter meeting, educational event and networking session on Dec. 4, at the Hyatt Regency, Goat Island, Newport, Rhode Island. The educational event will consist of …

IWIF Forms New Risk Management Division, Lighthouse Risk Solutions

The Injured Workers’ Insurance Fund (IWIF) announced the creation of a new division, Lighthouse Risk Solutions. The risk management division will focus on the growing risk management needs of medium to large companies based in Maryland. IWIF, a Maryland workers’ …

John B. Collins Associates Adds Pair of Reinsurance Brokers

John B. Collins Associates, one of the world’s reinsurance intermediaries, announced the addition of two senior property/ casualty reinsurance brokers, Chris Ruyak and Andrew Petersen, to the firm’s San Francisco office. Ruyak was previously with Benfield, Inc. and its predecessor …

MexiPass Notes 30% Commission Rate for Personal Auto Program

MexiPass Global Assurance, an MGA for insurance in Mexico, announced a new commission rate of 30 percent and On-line Policy Issuance, under the MexiPass exclusive Personal Automobile Programs underwritten by AIG-Mexico. MexiPass® offers Mexican Insurance…the American Way™ with the only …

Ala. Commissioner Orders American Resource Trust to Cease Operations

A Fultondale, Alabama company that has reportedly marketed medical malpractice insurance to physicians and hospitals has been ordered to terminate all activities in Alabama, Commissioner Walter Bell announced. The formal cease and desist order was filed against American Resource Trust …

PIACT Requests Nominations for 2004 Distinction of Professionalism Awards

The Professional Insurance Agents of Connecticut Inc. is calling for nominations for its 2004 Distinction of Professionalism Awards, two awards honoring those independent agents who exemplify the qualities and actions that serve as an example of industry excellence. The first …

Independent Survey Reveals Good News for NGM

According to a recent nationwide survey conducted by Deep Customer Connections, Inc. (DCC), a Massachusetts-based management consulting firm serving the property and casualty (P/C) industry, National Grange Mutual (NGM), the flagship company of The Main Street America Group, received the …

InVest Unveils New Web Site Design Targeting Agents Among Others

InVEST, an education program to strengthen the insurance industry by attracting a large pool of qualified insurance recruits, has unveiled its new Web site design. “The new Web site is a single source for everything you need to know about …

NAMIC Applauds Passage of Flood Reform

The House of Representatives voted overwhelmingly last week to reform and reauthorize the National Flood Insurance Program (NFIP) before the program expired at year end. H.R. 253, the “Two Floods and You Are Out of the Taxpayers’ Pocket Act of …

U.S. Marine Insurers Predict Continued Profitability

U.S. ocean marine insurers expect 2003 full-year results will show continued profit as underwriters maintain their pricing discipline, according to David French, chairman, American Institute of Marine Underwriters (AIMU). Addressing the annual meeting of the AIMU in New York recently, …