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

Former Manning Riddell Employee Speaks Out on Alleged Fraud

Insurance Journal was recently contacted by a former employee of Manning Riddell Insurance Services Inc., the Torrance-based risk purchasing group reportedly under investigation by the California Department of Insurance for allegedly issuing hundreds of bogus errors & omissions policies to …

WCIRB Report on Q3 2003 Insurer Results Released

The WCIRB has compiled a summary of insurer reports of loss and premium experience valued as of September 30, 2003. The report shows that statewide insurer written premium for the first three quarters of 2003, prior to adjustment for reinsurance …

MarketScout Calculates Jan. Renewals at an 11 Percent Increase

MarketScout recently released its barometer report for the month of Janaury on property and casualty coverages. MarketScout calculates January renewals at an 11 percent increase, down slightly from December 2003. “In examining each line of coverage, we found pricing for …

FACT Act Addresses Changes for Fair Credit Reporting Act

The Fair and Accurate Credit Transactions (FACT) Act of 2003 will impact property/casualty insurers primarily in the areas of sharing information among affiliates and providing consumers with adverse action notices on non-renewals, according to legal experts and public policy analysts. …

Medical Liability Reform Group Praising Senate Leaders for Their Efforts to Improve System

The Coalition for Affordable and Reliable Health Care (CARH), an organization of health care providers and others dedicated to medical liability reform, this week praised new efforts by U.S. Senate leaders to bring balance to the medical justice system and …

ISO’s A-PLUS Unit Unveils Service in Fight Against Terrorism

Insurance Services Office, Inc.’s (ISO) A-PLUS unit has unveiled a new service insurers can use to cross-check policyholders against a U.S. Department of the Treasury master watch list to ensure that customers are not conducting business with persons and entities …

National Flood Insurance Program Awards Covansys Corp. $26.5 Million Business Process Outsourcing Contract

Covansys Corporation, a global consulting and technology services company, announced its intent to enter into the federal market with news that the Federal Emergency Management Agency (FEMA), through the National Flood Insurance Program (NFIP), has awarded Covansys a contract to …

AICP Offers Scholarships for Industry Students

The Association of Insurance Compliance Professionals (AICP) has a primary objective of fostering learning opportunities for the insurance compliance community. In support of this objective, AICP is offering three $1,000 scholarships annually to selected individuals in an effort to further …

Ga. School Fire Ruled Arson

Georgia Insurance and Safety Fire Commissioner John Oxendine said a recent fire that destroyed the former Hahira High School was arson. High winds reportedly fanned the flames and made firefighting efforts especially difficult. The 70-year-old old school building on East …

United Automobile Insurance Group Child Passenger Safety Fitting Station Unveiled at Miami Children’s Hospital

Miami Children’s Hospital kicked off National Child Passenger Safety Week with the unveiling of the United Automobile Insurance Group Child Passenger Safety Fitting Station, the first permanent indoor fitting station in the United States. Miami Children’s Hospital Foundation, United Automobile …