The PIANY and CIBGNY issued a bulletin noting that they have postponed the PIANY & CIBGNY Legislative Program meeting scheduled for today, Jan. 15, until Friday, March 5, 2004. The organizations took the action due to a predicted snowstorm and …
The Professional Insurance Agents of New Jersey has commented on the reproposed new rules by the state’s Department of Banking and Insurance (DOBI), establishing standards for safeguarding customer information. PIANJ said it “applauds the department for reproposing these important rules …
The Commerce Insurance Company announced that it has filed a request with the Massachusetts Division of Insurance for a five percent discount from the 2004 private passenger automobile fixed and established rates for AAA members in the state. If approved, …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of Macau Insurance Company Limited and its subsidiary, Macau Life Insurance Company Limited, with a stable outlook. “The rating reflects the company’s strong capitalization, continuous …
Both A.M. Best and Standard & Poor’s Ratings Services reacted to XL Capital Group’s announcement yesterday that its aggregate reserve additions in 2003 would be around $908 million pretax ($694 million in the fourth quarter). (See IJ Web site Jan.13) …
Speaking at a joint meeting of the Downtown Association and the Insurance Brokers Association of New York (IBANY)* yesterday, Lloyd’s Chairman, Lord Peter Levene, reminded his audience of the longstanding special relationship between Lloyd’s and the U.S., and outlined London’s …
As the tenth anniversary of the Northridge earthquake approaches, Californians are constantly reminded that the ground in this state shakes 24-7, 365 days a year. The Northridge earthquake struck on Jan. 17, 1994. In less than 40 seconds, 60 people …
Companion Property & Casualty Insurance Group announced that the National Council on Compensation Insurance (NCCI) has awarded the company one of the servicing carrier contracts for the Arkansas Workers’ Compensation Insurance Plan. Companion, which is headquartered in Columbia, S.C., said …
Allstate Insurance Company announced that the United States Federal District Court for the Northern District of Texas has granted Allstate and Sterling Autobody Centers’ request for a preliminary injunction against enforcement of several provisions of Texas House Bill 1131. Allstate …
The Independent Insurance Agents & Brokers of America (IIABA) has scheduled its 28th annual National Legislative Conference for April 21-23 at The Capital Hilton in downtown Washington, D.C. The event, which always features leading national decision-makers, will bring hundreds of …
