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

Higher Education

Nuts & Bolts: With AIG Higher Education Risk Solutions, an institution of higher education can be well prepared, whatever its future holds. The Educators Elite line offers a comprehensive range of property-casualty insurance solutions to cover the distinct liabilities of …

Community Banks

Nuts & Bolts: A new package of insurance policies from the Chubb Group of Insurance Cos. is aimed at helping community banks minimize coverage gaps through an integrated mix of six coverages tailored to each customer’s needs. Chubb’s ForeFront Portfolio …

Jewelers

Nuts & Bolts: Neenah, Wis.-based Jewelers Mutual Insurance Co. launched a new lower-cost insurance policy and an assortment of coverage options specifically tailored for manufacturers, retailers, wholesalers and specialty jewelry businesses. An alternative to the Jewelers Block, the new Jewelers …

Terrorism Tops List of Concerns for Workers’ Comp Professionals

Industry executives in the workers’ compensation field from across the nation gathered in Las Vegas Feb. 5-6 for the 5th Annual AMCOMP (American Society of Workers’ Comp Professionals Inc.) Meeting & Conference. The two-day conference featured several panels and seminars, …

BROKERAGE ORGANIC GROWTH SLOWING, STUDY SAYS:

The eight leading brokerage firms saw only an 8 percent growth in organic revenue in the fourth quarter of 2003, according to a year-end survey by WFG Capital Advisors, an insurance industry investment banking firm. Organic growth trended further downward …

REGULATORS URGE CONGRESS TO ACT BEFORE TRIA EXPIRES:

Key members of the National Association of Insurance Commissioners (NAIC) are urging Congressional leaders to act this year on a federal solution that will ensure insurance marketplace stability and economic security as the expiration of the Terrorism Risk Insurance Act …

WEST BEND MUTUAL REACHES $1 BILLION IN ASSETS:

West Bend Mutual Insurance Co. announced it reached a record $1 billion in assets during 2003, making it one of about 90 insurers to reach that level, according to a statement from the Wisconsin-based carrier. The company said the increased …

REGS THE FOCUS OF WIS. COMPLIANCE PRO MEETING:

Wisconsin Insurance Commissioner Jorge Gomez and other state insurance regulators will be the featured attractions at a May 13 meeting of the Association of Insurance Compliance Professionals’ Great Lakes chapter. The meeting, hosted by American Family Insurance Co. in Madison, …

MINN. SENATE COMMITTEE PASSES PIP REFORM BILL:

Insurers are optimistic that a Minnesota Senate bill designed to curb fraud abuses in auto personal injury protection (PIP) will move quickly through the legislature, according to the Des Plaines, Ill.-based Property Casualty Insurers Association of America (PCI). The bill …

OHIO BUREAU SWEEPS 200 EMPLOYERS FOR COMP COVER:

The Ohio Bureau of Workers’ Compensation (BWC) recently concluded a random sweep of 200 employers in the Toledo area to determine whether they have active workers’ compensation coverage, collecting $110,412 in previously unpaid premiums. Of those 200 employers, BWC found …