Latest Arizona Headlines
All the headlines from our Arizona Topic Page, ordered by recency.
BNCCORP Reports Lower 2ndQ Earnings
Jul 30 2002 // North Dakota-based BNCCORP Inc. reported net income of $102,000, or $0.03 per common share on a diluted basis, for the second quarter ended June 30, 2002 compared with net income of $691,000, or $0.28 per share for the...
Captivating Times for Insurance in Arizona
Jul 22 2002 // On July 1, the Arizona Captive Insurance Act went into effect, and the Arizona Department of Insurance Captive Division began accepting applications to establish captive insurers in the state. The division formed was a...
Insurers looking at $120M Price Tag for Insured-Property Losses from Ariz. Wildfire
Jul 19 2002 // Insurers are expected to pay an estimated $120 million to home owners and businesses for insured-property losses from the Rodeo-Chediski Complex wildfire in Arizona, according to preliminary projections by the Insurance...
Compass Bancshares Finalizes Purchase of Ariz.-based Agency
Jul 16 2002 // Compass Bancshares, Inc. has completed its acquisition of Schaefer-Smith- Ankeney Insurance Agency, L.C., a Phoenix, Arizona based full-line general insurance brokerage firm. Schaefer-Smith-Ankeney specializes in providing...
Ariz. Director of Ins. Visits Claims Facilities in Wildfire Area
Jul 9 2002 // Arizona’s director of insurance, Charles Cohen, recently visited Show Low, Ariz. to inspect the on-site catastrophe claims facilities of the four largest homeowner and auto insurers in Arizona: State Farm, Farmers,...
Ariz. Captive Opens Soon for Business
Jun 10 2002 // On July 1, the Arizona Captive Insurance Act will go into effect, and the Arizona Department of Insurance Captive Division will begin accepting applications to establish captive insurers in the state. An Arizona captive...
Ariz. Enacts Law to Lessen Construction Defect Lawsuits
May 31 2002 // Arizona’s governor signed a bill recently that will establish an alternative dispute resolution procedure for certain construction defect claims, providing a modicum of relief to a beleaguered construction industry,...
ANDERSEN AGREES TO SETTLEMENT
May 27 2002 // A new chapter was unveiled in the Arthur Andersen battle with investors earlier this month as the company said it would agree to pay $217 million to compensate those investors in an alleged fraudulent Arizona charity....
Ariz. HB 2192 to Protect Consumers who Depend on Structured Settlements
May 21 2002 // The Arizona Legislature passed a bill May 16 aimed at protecting consumers who depend on structured settlements, and could become the fourth state this year to enact such a law, according to the Alliance of American...
Andersen agrees to $217M Settlement in Ariz. Charity Case
May 8 2002 // A new chapter was unveiled in the Arthur Andersen battle with investors Monday as the company said it would agree to pay $217 million to compensate those investors in an alleged fraudulent Arizona charity. Andersen had...
Companies Limiting Ariz. Home, Auto Policies
May 8 2002 // Following the lead of State Farm, Prudential Insurance will limit Arizona customers seeking new auto and homeowner’s coverage in order to maintain control of its policyholder base, according to The Tribune....
Ariz. Legislature Approves AIA-Sponsored Measure to Streamline Insurers’ National Operations
Apr 17 2002 // The Arizona Legislature has unanimously approved an American Insurance Association (AIA)-sponsored bill that streamlines how Arizona insurers manage deductible workers’ compensation policies. HB 2276, authored by...
North Dakota’s BNCCORP Inc. To Acquire Ariz. Agency
Apr 1 2002 // BNCCORP Inc. of Bismarck, N.D., announced plans for its insurance subsidiary to acquire Milne & Company Insurance, Inc., d/b/a Milne Scali & Company, one of the largest independent insurance agencies in...
NAII States Ariz. Bill Would Benefit Rental Car Cos., Increase Other Auto Coverages
Jan 31 2002 // According to the National Association of Independent Insurers, rental car companies would be the only beneficiaries of a bill to shift insurance responsibility now moving through the Arizona Legislature. Under current...
Cyberinsurance Will Be Topic of Arizona Conference
Nov 14 2001 // Strategic Research Institute announced that it will carry the theme of its Cyberinsurance series of conferences to the entire technology spectrum at the 4th Annual Insurance Technology Symposium to be held Feb. 3-6, 2002,...
Arizona Airport Sees Possible Rate Increases
Nov 13 2001 // Unless the government intercedes, Tucson International Airport could face large increases in liability and property insurance rates because of the Sept. 11 attacks. The Associated Press reported the airport could see its...
PENN TREATY SUSPENDED IN AZ
Sep 24 2001 // Arizona Insurance Director Charles Cohen suspended the license of Penn Treaty Network America Insurance Company, prohibiting the company from issuing any new policies in the state. The action came as a result of a finding...
Penn Treaty Network America Insurance Co. License Suspended in Arizona
Sep 18 2001 // Arizona Insurance Director Charles Cohen has suspended the license of Penn Treaty Network America Insurance Company which will prohibit the company from issuing any new insurance policies in the state. The action came as a...
Courts Continue to Reject Diminished Value Concept in Class Actions
Sep 5 2001 // In spite of an ongoing influx of litigation, U.S. courts continue to reject class-action lawsuits involving diminished value, a concept referring to the difference between the value of a vehicle before and after it was...
Insurers Slow to Meet State Auto Liability Reporting Requirements
Aug 29 2001 // It doesn’t matter how much advance notice they get from the state motor vehicle departments — many insurance companies hold off until the last minute before considering how they will comply with automobile...
