Monthly Archives: <span>March 2005</span>

Chubb Redesigns Web site

The Chubb Group of Insurance Companies announced that the company redesigned its Web site to make it easier to do business with the insurer and help increase agent productivity. Chubb reports the upgraded Web site features new content, easy-to-use navigation, …

La. Commissioner: Flex Band Saves $38 Million

The Louisiana Department of Insurance reported that information provided by Commissioner of Insurance Robert Wooley to a joint meeting of the Louisiana Senate and House Insurance Committees shows the positive results of flexible insurance rating, including more than $38 million …

Jury Finds County Employee Not Guilty of Workers’ Comp Fraud

After a two-day trial, an Indian River County. Fla. jury found a former county employee not guilty this week on charges of workers’ compensation fraud, perjury in an official proceeding and third-degree grand theft. Ernest Rider, 69, of Falls Creek, …

Committee Supports Texas Insurance Fraud Legislation

Six bills strengthening the fight against insurance fraud were filed in the Texas House of Representatives. The legislation includes everything from reporting fraud to enhancing penalties for insurance fraud where someone has been killed or injured. The legislation was filed …

Velasquez Named VP/Director of American Insurance Association’s State Affairs

The American Insurance Association (AIA) has appointed Tammy Velasquez as vice president and director of state affairs. In her new role, Velasquez will work with AIA’s six regional teams to manage the association’s state-level resources and design strategies on key …

Watters Warns Mich. Docs of Bogus Med-Mal Insurer

Michigan Office of Financial and Insurance Services Commissioner Linda A. Watters recently issued a warning about a medical liability insurer called Professional Liability Insurance Co. She said in a statement that the company is claiming to provide insurance coverage to …

Fitch Ratings Affirms CNA’s “BBB-” Rating, Bumps Outlook to Stable

Fitch Ratings has affirmed the “BBB-” long-term issuer and senior debt ratings of Chicago-based commercial insurer CNA Financial Corp., as well as the “BBB-” insurer financial strength ratings of CNA’s U.S. insurance subsidiaries. The rating outlook has moved from negative …

Insurers Say Granholm’s Premium Tax Hike Will Hurt Mich. Consumers

The Washington, D.C.-based American Insurance Association recently voiced strong opposition to Michigan Gov. Jennifer Granholm’s proposal to shift hundreds of millions of dollars in taxes onto the insurance industry, arguing it would chill industry job growth and hurt consumers. “The …

Noodle Specialty Promotes Neeley, Dunn as VPs

Chicago-based wholesaler Noodle Specialty Brokers has promoted Tom Neeley, 47, to senior vice president, and John Dunn, 47, to vice president. NSB is a division of InsuranceNoodle Inc. Neeley, most recently product manager of NSB’s directors and officers underwriting unit, …

Neb. Moves Most Lines to File and Use

A new law signed last week by Nebraska Gov. Dave Heineman, a Republican, will change the rate and form filing process for most personal and commercial insurance lines from prior approval to file and use. The law, LB 119, will …