Western Security Surplus Insurance Brokers Inc. announced that its California Residential Flood & Landslide Program, operating since December 1998, will be replaced with the extension of the Natural Catastrophe Protection Program, effective Jan. 1, 2001. WSS has operated a similar …
CCInets Inc. has introduced its new Internet Management Tool, the CCBox. CCBox tracks e-mail/web usage and redundant mail for independent agents and their commercial lines customers. Internet services include firewall, email, web/email tracking, redundant e-mail, proxy server/caching, network address translation, …
MetLife Auto & Home has made several enhancements to its Independent Agency Agreement. The contract changes will be introduced in 2001. The revisions provide for the company to defend, indemnify, and hold the agent harmless under a comparative negligence standard, …
Prudential Insurance Co. has approved a plan to go public, abandoning its mutual status in an effort to access more capital and greater flexibility. The move would follow on the heels of public offerings by Metlife and John Hancock Financial …
Progressive Corp. chief executive Peter Lewis is stepping down and will be replaced by Glenn Renwick effective Jan. 1. Lewis, who has been involved with Progressive for 45 years, and served as CEO for 35 years will remain chairman of …
Singapore Aviation & General Insurance Co. filed a complaint in Federal District Court in New York to recover damages from Boeing and several other companies it claims to be responsible for the 1997 crash of a Silk Air 737 which …
Great American Ins. Co., a division of American Financial Group, has agreed to sell its Japanese Division to Mitsui Marine & Fire Ins. Co. of America, for $22 million in cash, and the transfer of existing assets and liabilities. The …
Fremont General Corp. plans to close most of its workers’ compensation insurance servicing offices and eliminate 29 percent of its workforce as part of continuing efforts to cut costs. Fremont will close 16 of its 24 production and claim servicing …
Insurance Commissioner Harry Low announced the formation of a California Department of Insurance Producer Licensing Bureau toll-free hotline available for producers with licensing concerns. The new hotline is operational Monday through Friday, from 8 a.m. to 5 p.m. PST/PDT, and …
No sooner have the party hats and noisemakers been put away than it’s time for CIWA’s Annual Wholesaler Industry Day. The California Insurance Wholesalers Association will hold its 6th annual event on Jan. 5-6, 2001, at the Hilton La Jolla …
