Monthly Archives: March 2001

XL Affirmed

In separate rating actions, Standard & Poor’s (S&P) recently affirmed the counterparty credit ratings and FSRs on the following companies:...

Fitch Affirms National Indemnity

The “AAA” insurer financial strength ratings (FSR) of the National Indemnity Company and the associated members of the National Indemnity...

NO LIMIT TO WRAPAROUNDS

SB 44, a bill that limits the use of consolidated insurance programs (CIPs), commonly known as wrap-around insurance programs, would...

SPECIAL PRESENCE IN ARIZONA

Arizona has awarded State National Specialty Insurance Co. a certificate of authority for writing multiple lines of insurance. This authorization...

ACCELERATION INTO LIQUIDATION

The Franklin County [Ohio] Court of Common Pleas granted an order on Feb. 28 placing Acceleration National Insurance Company, an...

PUSHING THE ‘FLEMING FIX’

The Oregon Senate Business, Labor and Economic Development Committee moved a bill designed to correct a controversial state Supreme Court...

FAULTY COMP CALCULATIONS

Tacoma, Wash.-based Labor Ready owes the state close to $500,000 because it misclassified employees when calculating workers’ compensation premiums. Auditors...

VALUE OF THE AGENT ENFORCED

Results of an extensive countrywide survey by Progressive Insurance showed that while people ages 18 to 34 were more likely...

INSWEB, ALLSTATE TEAM UP

InsWeb and Allstate Insurance Co. have entered into a two-year service agreement under which Allstate will market its auto, homeowners,...