Monthly Archives: April 2001

AIG Affirmed

The “AAA” debt and counterparty credit ratings on American International Group Inc. (AIG) were affirmed by Standard & Poor’s (S&P)....

General Agents Group Downgraded

The “A-” financial strength rating (FSR) on General Agents Group, Oklahoma City, was lowered to “B++” by A.M. Best Co....

NY LIFE SETTLES ARMENIAN CLAIMS

New York Life Insurance Company reached an agreement with plaintiff’s attorneys under which the company will pay all valid claims...

POOR RESULTS FOR LLOYD’S

Lloyd’s announced preliminary estimates that it would suffer an overall loss of at least $1.6 billion for its 1999 year...

IWIX.NET THROWS IN THE TOWEL

The Internet-based specialty insurance transaction facility, iwix.net, announced it is no longer accepting new members or risks. The company stated...

STATE FARM VERDICT AFFIRMED

On April 5, an Illinois Appellate Court upheld most of a lower court’s verdict in a nationwide class-action lawsuit against...

LAAA SLATES TRADE FAIR

The second annual Latin American Agents Association Trade Fair and Convention will roll into the Renaissance Long Beach Hotel May...

ARROWHEAD FINED

San Diego-based Arrowhead General Insurance Agency Inc. was fined $400 by the Fair Political Practices Commission for failing to register...