April 28, 2004
Bermuda-based Arch Capital Group Ltd. announced that it plans to commence the marketing for a public offering of $300 million principal amount of its senior notes. Arch Insurance Group, a division of Arch Capital, announced that Scott McClintock has been …
April 28, 2004
The CEOs of several leading carriers will highlight a panel discussion May 6 at the 50th annual Cleveland I-Day, hosted by the city’s chapter of the Chartered Property Casualty Underwriters (CPCU) Society and the Insurance Board of Northern Ohio. The …
April 28, 2004
Michigan Gov. Jennifer Granholm and the state’s top insurance regulator have proposed a rule to completely ban the use of credit-based insurance scoring in the underwriting and rating of auto and homeowners insurance policies. Granholm and Office of Financial and …
April 28, 2004
Congress should act this year to extend the national terrorism insurance backstop beyond Dec. 31, 2005, because the private market remains unable to withstand potentially catastrophic losses resulting from terrorist attacks, a united insurance industry told two U.S.House subcommittees on …
April 28, 2004
Mayfield Village, Ohio-based vehicle insurer Progressive Corp. announced today that its board chairman, Peter B. Lewis, has established a pre-arranged trading plan to sell common shares of the company in the open market over a designated period in accordance with …
April 28, 2004
Southfield, Mich.-based Insurance Partners Agency (IPA), which provides insurance risk management, placement and consulting services to clients in 34 states, received the Certified WorkComp Advisor Designation at the recent Institute of WorkComp Advisor’s Symposium at Duke University. The key IPA …
April 28, 2004
An anonymous group of supporters of embattled Chicago insurance broker Michael Segal has launched a Web site to bolster his tarnished image. Segal, the CEO of Near North National Group, is on trial on federal charges of embezzling more than …
April 28, 2004
Cleveland-based Medical Mutual of Ohio has introduced a line of Health Savings Account products. An HSA is a special tax-sheltered savings account that is similar to a traditional IRA, but is intended only for medical expenses. An HSA works in …
April 28, 2004
Jim Hippard, President & COO of Yates & Associates, Insurance Services Jim lost his battle with cancer April 27 at 8:00 am. He will be sorely missed. Information about the services will be forthcoming. Jim Hippard, president & COO of …
April 28, 2004
Allstate Insurance Co. has lost its bid to squash a class action discrimination suit against it for its use of credit scoring in setting insurance prices. The U.S. Supreme Court this week denied the Northbrook, Ill.-based insurers’ bid to end …