Monthly Archives: <span>January 2004</span>

McKinley Joins XN Financial as Regional Sales Director

XN Holdings, parent company of XN Financial Services and XN Risk, announced that Matt McKinley has joined the XN team. With an international healthcare mandate, he will serve as regional sales director for the North East and West Coast USA. …

National Alliance’s Hold Named One of Industry’s ‘Most Powerful’

William T. Hold, Ph.D, president of The National Alliance for Insurance Education & Research in Austin, Texas, was named to Insurance Newscast’s annual list of the “100 Most Powerful People in the Insurance Industry.” According to the National Alliance, the …

Prudential’s John Greene Named to LIMRA International Board

LIMRA International, a worldwide association of insurance and financial services companies, has named John W. Greene, CLU, ChFC, president of Agency Distribution at The Prudential Insurance Company of America, a division of Prudential Financial, Inc., to its board of directors. …

Allied World Comments on Best’s ‘A+’ Rating

Allied World Assurance Company, Ltd. (AWAC) issued a comment on the “A+” (Superior) Rating, recently affirmed by A.M. Best Co. The rating agency had originally accorded the newly formed Bermuda-based insurer the coveted designation last November. The bulletin noted that …

Moody’s Affirms Everest Re Group Ratings

Moody’s Investors Service announced that it has assigned prospective ratings to the $975 million universal shelf registration of Everest Re Group, Ltd. (Everest Re Group) — prospective senior unsecured debt at (P)A2), Everest Reinsurance Holdings, Inc. (“Everest Re Holdings) — …

NAII Applauds N.Y. Court Decision Rejecting Absolute Liability Concept for Labor Law

The National Association of Independent Insurers issued a bulletin praising a recent decision by the New York Court of Appeals that rejected a plaintiff’s claim that he is entitled to collect injury damages under the state’s Section 240 labor law, …

Maine Insurance Department Publishes Survey

Maine’s Superintendent of Insurance, Alessandro Iuppa, announced the publication of the Bureau of Insurance report to the Maine State Legislature. The detailed report indicates that the state’s residents are finding it difficult to obtain coverage in some areas, and that …

Two Firefighters Plead Guilty to Torching Firehouse

Two former volunteer firemen have pleaded in a federal court in Pittsburgh to charges that on two occasions they deliberately set fire to their firehouse in neighboring Isabella in order to collect around $500,000 in insurance proceeds to fund a …

NAII Calls Mass. AG’s Auto Rate Decision Appeal “Politics as Usual”

Even if the National Association of Independent Insurers is busy merging with the Alliance of American Insurers (See related national article), its general counsel, Gerald L. Zimmerman, has been keeping an eye on events. He blasted Massachusetts Attorney General Thomas …

ePolicy Solutions Aligns with ODEN Insurance Services

Torrance, Calif.-based ePolicy Solutions Inc., a leader in providing Web-based policy administration solutions that can reduce expenses and improve customer service, announced a marketing agreement with ODEN® Insurance Services Inc., a provider of regulatory research and compliance products. ePolicy Solutions …