June 25, 2003
Herbert H. Landy Insurance Agency of Needham, Mass., has forged a business relationship with General Star Management Company to provide Errors & Omissions Insurance for Real Estate and Accounting professionals through General Star Management Company a wholly owned subsidiary of …
June 25, 2003
Workers’ compensation costs per claim in Illinois were among the highest of the states analyzed in a new study and continuing to rise, according to the Workers Compensation Research Institute (WCRI). The study of 12 states, representing 50 percent of …
June 23, 2003
Pennsylvania Insurance Commissioner Diane Koken, in her capacity as the state regulator for the industry, has released results from the Private Passenger Automobile Underwriting Guidelines review conducted by the Department’s Market Conduct Division. “On August 16, 2002, the Market Conduct …
June 23, 2003
A.M. Best Co. has affirmed the financial strength ratings of “A” (Excellent) of Springfield, Ill.-based Horace Mann Educators Corp.’s insurance operating subsidiaries. Concurrently, A.M. Best has affirmed the “bbb+” debt ratings on Horace Mann Educators Corporation’s $100 million 6.625 percent …
June 20, 2003
Holyoke Mutual Insurance Co.’s announcement that it will exit the auto insurance business and has entered into an arrangement to transfer all of its Massachusetts auto insurance business to Plymouth Rock Assurance Corp. (See IJ Website June 19), will leave …
June 19, 2003
Boston-based Plymouth Rock Assurance Corporation announced that it would offer five-year contracts to independent agents who represent Holyoke Mutual for Massachusetts private passenger auto insurance. Holyoke, based in Salem, will no longer write Massachusetts private-passenger auto insurance effective January 1, …
June 11, 2003
The National Alliance for Insurance Education & Research announced the selection of the state winners of the 2003 Outstanding CSR of the Year Award. The award originated in 1991 to recognize the contributions of outstanding customer service representatives within the …
June 11, 2003
The actuarial and consulting firm Tillinghast-Towers Perrin has named Robert F. Conger the location manager for its Chicago office, according to a company statement. Conger will be responsible for providing overall direction and leadership to the Chicago office, as well …
June 5, 2003
The second in what reportedly promised to be a long series of hearings on the reauthorization of seven key preemptions in the federal Fair Credit Report Act (FCRA) took place Wednesday in the Subcommittee on Financial Institutions and Consumer Credit, …
June 4, 2003
Private passenger auto insurance premiums should be determined competitively and the Massachusetts Division of Insurance should move toward that goal carefully, but expeditiously, wrote the National Association of Mutual Insurance Companies (NAMIC) and several other insurance trade associations in a …