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

AIMS Society Announces New Officers

The American Insurance Marketing and Sales (AIMS) Society, a national organization dedicated to providing sales training, networking and marketing innovation to insurance professionals, announced the election of the 2004-2005 officers. The following members were elected to serve terms as AIMS …

Study Shows Commercial Property, GL Rates Falling

The costs for two major commercial lines insurance fell in the first quarter of 2004, according to a RIMS Benchmark Survey. In the first quarter of 2004, premium prices for property insurance fell by about 1.5 percent. General liability insurance …

Profit at Insurer Safeco Zooms on Higher Premiums

Safeco Corp. said April 20 that its first-quarter profit more than doubled from a year ago, as premiums rose in its property-casualty insurance operations. The Seattle-based insurer reported net income of $236.2 million, or $1.69 a share, for the latest …

Unlicensed Contractors Targeted to Protect California Wildfire Victims

Fifteen people have been charged with felony unlicensed contracting after an undercover operation to prevent fraud against victims of Southern California wildfires, officials said April 19. “We are sending a message that we take this very seriously,” said San Bernardino …

Bush Campaign Manager Tells Agents Participation in the Process Important

Washington, D.C. – With a record attendance of 175 Young Agents taking part in the Independent Insurance Agents and Brokers’ 2004 National Legislative Conference, a man who has more than a slight interest in this year’s presidential election, Bush-Cheney 2004 …

Keenan Announces Acquisition of Envoy Plan Services and Retirement Solutions Group

Keenan, the largest privately held brokerage firm in California, announced it has expanded its retirement services capabilities with the acquisition of Envoy Plan Services, a third-party administrator and compliance firm focused on 403(b) and 457(b) plans, and its affiliated company, …

Conning: Bigger Dollars, Fewer Insurance Industry M&As

Mergers and acquisitions in 2003 and 2004 in the insurance industry reached the highest level since 1998 in dollar terms, even while the total number of transactions continued its long decline since the same year, according to a study by …

Mass. Proposal Sees New Auto Plan by 2008

The campaign to change the way Massachusetts handles high risk private passenger auto policies moved forward last week with the emergence of a draft outline agreed upon by two major players in the effort, the Massachusetts Division of Insurance and …

Michigan Coalition Promotes Tobacco Tax Increase

A new Michigan coalition called the Health Leaders Alliance (HLA) announced it formally supports House Bill 5632, sponsored by Representative Larry Julian (R), which includes Governor Granholm’s proposal for a 75 cent tobacco tax increase. The coalition, whose battle cry …

ACUITY Promotes Ramos to Commercial Underwriter

Sheboygan, Wis.-based regional property/casualty insurer ACUITY recently promoted Laura Ramos to commercial staff underwriter. Since joining ACUITY in January 2001, Ramos had been a commercial lines underwriter. Prior to joining ACUITY, she held positions as an individual product manager with …