Monthly Archives: <span>December 2000</span>

Peachtree Software Selects InsuranceNoodle for

InsuranceNoodle.com, a web-based e-broker, has been selected by Peachtree Software, a leading developer of accounting software for small businesses, to offer insurance coverage to its software users. InsuranceNoodle allows small business owners to compare and purchase insurance coverage. The site, …

InsuranceJournal.com Reports Record High

Since relaunching our site on April 17, visits to www.InsuranceJournal.com reached an all-time high during the month of November. The site had 2,184,685 hits last month, up from 471,664 in April; and impressions (page views) jumped to 147,731 from April’s …

Claim-Coding Mistakes Found, Confirmed by Ohio Bureau of Workers’ Compensation

As many as 23,000 workers’ comp claims filed in 1999 were miscoded or lacked a code that helps determine the premiums paid by businesses. So found a study released Monday by the Ohio Bureau of Workers’ Compensation. The bureau plans …

Aetna/ING Sale Completed

The $7.7 billion deal for the sale of Aetna’s financial services and international units to Holland’s ING has been completed, along with the simultaneous spin-off of Aetna’s remaining health care operations to its shareholders, said a company announcement. Aetna shareholders …

ACE Sues CIGNA Over P/C Acqusition

Bermuda based ACE Ltd. is unhappy about several aspects of its acquisition of CIGNA’s property/casualty business , and has filed suit in Federal Court in New York to recover a total of $218 million in damages. At issue, according to …

Swiss Re Study Examines World Insurance Market – 1999 Results

A new Swiss Re Sigma study gives an in depth look at the global insurance market based on 1999 premium figures from 134 countries. The industry, paced by booming life insurance sales, posted a 4.5 percent gain last year. “Worldwide …

American Skyline Opens Doors in Baltimore, D.C.

With support from Baltimore city officials, American Skyline Insurance Co. announced it will provide standard personal and commercial insurance products to customers in Baltimore and Washington, D.C. beginning late in the second quarter of 2001. The downtown Baltimore-based company expects …

Erie Indemnity Increases Dividend

At its Dec. 12, 2000 regular meeting of the board of directors of the Erie Indemnity Company, the board approved an increase in shareholders’ dividends. The board of directors increased the regular quarterly dividend from $0.1350 to $0.1525 on each …

Calif. Court Limits Negligence Suits Against Builders

Insurers, as well as builders, were victorious last week on the construction defect litigation battlegrounds. The California Supreme Court ruled on Dec. 4 that homeowners cannot sue builders for negligence unless there has actually been damage to property or bodily …

CDI Arraigns Palmdale, Calif. Man on Insurance Fraud Charges

Edwin F. Santiago of Palmdale, Calif., was arraigned on Dec. 11 on one felony count of insurance fraud following an investigation by the California Department of Insurance investigations branch. Santiago, 41, was booked into Los Angeles County Jail and bail …