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

IVANS Wireless Option Speeds Claims

IVANS, Inc., a provider of networking services for the insurance and healthcare industries, has launched a new wireless fidelity solution (Wi-Fi) for insurance carriers that speeds their ability to remotely process claims and improve customer service. The new Wi-Fi service …

N.Y. Casualty/Surety Club Elects Zurich’s Casey

Zurich, North America reports that the board of the Casualty and Surety Club of New York has elected William J. Casey, Jr., vice president of Zurich’s Northeast region, as its new president. Casey served as the organization’s first vice president …

Selective Rolls Out Web-based Commercial Lines

New Jersey-based Selective Insurance Group Inc. has announced the successfully completed rollout of the company’s fully integrated Web-based commercial lines system. “Web-based CLAS” offers policy quote, issue, endorsement and renewal processing for commercial lines products over the Web, directly from …

HSB Introduces Packaged Equipment Breakdown Coverage for Insurers Serving Farm and Ranch Owners

Farms have changed, and so have the risks. The addition of computer-controlled technology to traditional farm equipment has significantly increased exposures, yet many farms lack insurance protection when equipment breaks down. The Hartford Steam Boiler Inspection and Insurance Company (HSB) …

A.M. Best Affirms The Nichido Fire and Marine Insurance Cos. ‘A+’ Rating

A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) of The Nichido Fire and Marine Insurance Company Ltd. of Japan and its reinsured affiliate, Nichido Insurance Company (Pacific) Limited (Guam). The outlook has been revised to stable …

Sen. Sununu Updates N.H. Agents on Congress

U.S. Senator John Sununu (R-N.H.) told independent agents that while prospects for asbestos reform are not bright, there is a good chance class action reform may emerge from this Congress. He also said that Rep. Mike Oxley’s insurance regulation proposal …

A.M. Best Affirms OneBeacon’s ‘A’ Rating

A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of the OneBeacon Insurance Group (Boston, Mass.) and Folksamerica Reinsurance Company (New York, N.Y.). OneBeacon’s rating is based on its strong capitalization and improved earnings prospects, which are …

N.J. Launches Corporate Governance Policy

New Jersey Banking and Insurance Commissioner Holly C. Bakke announced a new department initiative that focuses on corporate governance and demands more accountability from insurance industry decision-makers. “Policyholders have a right to financially stable and solvent companies that will be …

Manulife-John Hancock Merger Wins Mass. OK

Manulife Financial Corporation has received approval from the Massachusetts Division of Insurance (DOI) for its proposed merger with John Hancock Financial Services, Inc. The DOI is the principal U.S. regulator for John Hancock. During the hearing held by the DOI, …

SIAA Announces New Master Agency in California

SIAA Inc., a network of partnering independent insurance agencies in the country, announcesdthat Access Insurance Services, Inc. in Arcadia, Calif. has established ACCESS Independent InsurancePro Alliance as a SIAA Master Agency. Their territory will cover parts of Los Angeles, Orange, …