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

Homebuilders Becomes SIAA’s 600th Member

Homebuilders Insurance Group of Bel Air, Md. recently became the 600th member of the Strategic Independent Agents Alliance, the 7th largest retail independent insurance distribution network in the country. “It is a great honor to welcome HomeBuilders Insurance Group into …

U.S. Scientists Build Internet-enabled Quake Alert System

Scientists at the California Institute of Technology and the U.S. Geological Survey are working on an Internet-enabled earthquake early-warning system for the state of California. For the last five years, Caltech and the USGS have been upgrading Southern California’s network …

Aviation Insurance Holdings to Buy Aviation Agency

Las Vegas-based Aviation Insurance Holdings has signed a letter of intent to purchase the Aviation Agency of Crystal Lake, Ill. Larry Galizi, founder and CEO of the Aviation Agency, will be retained as president and CEO on a long-term contract. …

Farmers, Ulico Enter Exclusive Agreement

Farmers Insurance Group has signed an exclusive agreement to offer its products and services to labor union members through local and national union leadership affiliated with Ulico Insurance Group. “We are honored and excited about providing union members and their …

Halliburton to Appeal Court Ruling

The Delaware Chancery Court issued an opinion yesterday in the pending litigation between Halliburton and its Kellogg Brown & Root, Inc. subsidiary and Highlands Insurance Group, Inc. The Court ruled that all of the fixed cost insurance policies issued by …

Bush Signs Ergonomics Repeal; Draws IIAA Praise

Independent agents are hailing the finality of freeing small businesses from costly federal ergonomics rules following President Bush’s signing of a measure to repeal them, says Independent Insurance Agents of America President William F. Hofmann III, CPCU, CLU, AAI, CIC, …

Iowa, Kansas Houses Pass Producer Licensing Bills

The Kansas and Iowa Houses have both passed insurance licensing bills that appear to meet the reciprocity provisions of the federal Gramm-Leach-Bliley act but do not contain exemptions for customer service representatives. Iowa SB 276 now goes to Gov. Tom …

American Safety Reports Q4, Year End Results

American Safety Insurance Group reported fourth quarter and year end results for 2000 Wednesday, saying net operating earnings for the fourth quarter decreased by 50 percent to $726, 661 compared to the year-earlier quarter. Net earnings also decreased for the …

Transamerica Re Opens Head Office in Hong Kong

Charlotte N.C-based Transamerica Reinsurance, a division of the Transamerica Group, which is a subsidiary of Holland’s AEGON Insurance Group, announced that it had officially opened its new Head Office for Asia in Hong Kong. “This head office will provide oversight, …

Lloyd’s Follows Mir’s Re-Entry As the World Braces for Splashdown

Lloyd’s announced that an expert team of brokers and underwriters, who are closely following the de-orbiting process of Russia’s Mir space station, would be available to comment on the risks and other insurance issues relating to the scheduled splashdown in …