Monthly Archives: <span>February 2001</span>

FFIC Downgraded

Following sharp reserve strengthening on the California contractors business of First Financial Insurance Co. (FFIC), its financial strength rating (FSR)...

NAAA FIRES BACK AT ALLIANCE

Following the American Agents Alliance’s recent announcement that the organization was disaffiliating from the National Auto Agents Alliance, NAAA Past...

AMWEST RESTRUCTURES BANK DEBT

Calabasas-based Amwest Insurance Group has reached an agreement with Union Bank of California, N.A. to restructure its outstanding $13,633,077 term...

UTAH LEGISLATURE PASSES W/C BILL

The Utah State Legislature has passed HB 59, allowing subsidiaries of the state workers’ compensation fund to sell insurance to...

NAII IN FAVOR OF FILE AND USE

The NAII testified Feb. 14 in favor of Senate Bill 4 before the Nevada Senate Committee on Commerce and Labor....

AIG ON THE MOVE

AIG gave further evidence of its confidence in Japan’s economy on Feb. 6, with the announcement that the U.S. giant...

EXCESS CAPITAL AS BLESSING, CURSE

The property/casualty industry could return capital to its stakeholders without risking rating downgrades or insolvency, according to A.M. Best Company,...

ROOM FOR EXPRESSION

The California Department of Insurance (CDI) insists the goal of a proposed emergency regulation is to make sure that insurers...

CALLING ALL YOUNG AGENTS

The Young Brokers and Agents Committee (YBAC) has been hard at work planning the 26th Annual Young Brokers & Agents...

ICAHN BUYS MORE RELIANCE DEBT

Financier Carl Icahn has purchased $10.5 million of the defaulted notes and $20 million of the secured bank debt of...