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

Oklahoma Clarifies Record Retention Rules

The Oklahoma Insurance Department issued a bulletin clarifying a previous communication on agent records that said hard copies must be maintained. In the new bulletin, the Department noted that “hard copies” are generally photocopies, and added that it understands that …

State Officials to Welcome GEICO at Opening of New La. Claims Office

State and local Louisiana officials will be on hand to welcome GEICO when it opens its new claims service office on Tuesday, April 13, 10 a.m. Ceremonies take place at the GEICO office site: 3616 S. I-10 Service Road, Suite …

A.M. Best: Operating Results Improved Dramatically

The property/casualty industry reported vastly improved operating results for both the fourth quarter and full year 2003 when compared with the same periods of 2002, according to a study issued by A.M. Best Company. Additionally, the industry reported a sorely …

Partners Mutual Selects RIS for Policy Processing

Milwaukee-based Partners Mutual Insurance Co. announced that they have selected Results Inernational Systems to provide an end-to-end, Web-enabled policy processing system for its personal and commercial lines of business. The RIS solution will deliver a policy processing system with integration …

N.Y. Builders to Form Own Liability Insurer

Having seen the pool of private insurers selling them policies dry up, home builders in New York will provide their own coverage. “We are taking matters into our own hands,” said Phil LaRocque, executive vice president of the New York …

Maine High Court Upholds Insurer for Non-Renewing Homeowners Policies Over Day Care in Home

The Maine Supreme Court has upheld the right of an insurer not to renew a homeowners policy for insureds operating at-home day care centers, even though the operators had a separate commercial policies for their businesses. In York Insurance Co. …

Extended Deadline to Submit P/C Agencies for Insurance Journal’s Top 100 Special Report

Insurance Journal’s has extended the deadline until April 19 for property and casualty agencies to submit entry forms for the first-ever IJ Top 100 Salute to Independent Agencies issue on May 3, which highlights the nation’s leading independent insurance agencies. …

King Joins Howard James/Burns & Wilcox Los Angeles Office

Mary King has joined Howard James/Burns & Wilcox as the Los Angeles office’s new branch manager. She is responsible for overseeing the continued development and growth of the branch and managing the financial operations, staff development and relationships with the …

Industry Groups Call for TRIA Renewal

Five insurance associations have called for congressional action to renew the federal government’s terrorism reinsurance program, according to the Independent Insurance Agents and Brokers of America. In letters to House Financial Services Chairman Michael Oxley (R-Ohio) and Senate Banking Committee …

N.C. Governor Names Young as Vice Chair of State’s Industrial Commission

North Carolina Gov. Mike Easley has named Pamela Thorpe Young of Cary to serve as vice chair of the North Carolina Industrial Commission. Easley appointed Young to the commission in May of 2003. “Pam’s extensive legal qualifications and her strong …