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

Hartford Expands Availability of Web-based Bond Quotation

Hartford Fidelity & Bonding, a unit of The Hartford Financial Services Group Inc., is expanding availability of 1StepSurety, its web-based real-time bond quotation and issuance service, to insurance agents through Superior Access Insurance Services, Inc., an online insurance aggregator. The …

RLI Develops Commercial Surety Unit

RLI Corp. has formed RLI Commercial Surety to augment its surety division. The group of commercial surety professionals will develop the product line into a significant component of RLI’s successful surety segment, focusing on small to middle market account business …

IIAA’s Virtual University Introduces New Online Newsletter

The Independent Insurance Agents of America has introduced a free bi-weekly email newsletter designed for agents, underwriters, claims, sales, and service personnel. More than just a digest of industry press releases, the newsletter will include substantive articles in six categories: …

Minnesota Agents Draft Collective Bargaining Legislation

The board of directors of the Minnesota Independent Insurance Agents has drafted legislation for possible introduction in the state legislature this January that would permit agents to collectively bargain the terms and conditions of agency contracts with insurance companies. This …

New Controversy Over Equitable Crisis

Equitable Life’s ongoing financial problems are causing political turmoil in the U.K., after a leaked memo revealed that the Treasury Department was concerned about its solvency over two years ago. Equitable was under pressure to find a buyer after an …

Lloyd’s Begins Acceptance of New Broker Applications

For the first time in more than 300 years Lloyd’s has opened its market to insurance intermediaries around the world. In line with announced plans it began sending applications to over 150 brokers who have expressed interest in becoming accredited …

Insurance Technologies to Open East Coast Office

Insurance Technologies will expand its offices to the east coast. Plans are underway to open an office near Philadelphia in addition to their current operations in Colorado. The new office will concentrate on servicing Insurance Technologies new and existing East …

New York Man Arraigned for Insurance Fraud

New York Superintendent of Insurance Neil D. Levin announced that Arnold J. Pieroni Jr., 49, of Lewiston was arraigned on Dec. 15, 2000. He plead not guilty on two counts of insurance fraud in the second degree and one count …

California’s Workers’ Comp System: On the Verge of Collapse

At the beginning of 2000, the Insurance Journal described the California workers’ compensation market as “crazy,” “turbulent” and “chaotic.” Now, at the end of the year, a more fitting description would be “downright scary.” According to Dave Bellusci, chief actuary …

The St. Paul Lends Its Support to PGA TOUR’s West Coast Swing

The St. Paul Companies and the PGA TOUR announced an agreement under which The St. Paul will be the presenting sponsor of the 2001 PGA TOUR West Coast Swing. In addition to on-site tournament branding and hospitality, The St. Paul …