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

U-Haul Must Stop Selling Insurance, Still Working on TDI Licensure

U-Haul companies have agreed to stop selling insurance products in Texas until they are licensed by the Texas Department of Insurance. The agreement with Attorney General John Cornyn’s office follows two suits filed against the truck rental company and their …

High Court Approves Use of Waivers Under Current Workers’ Comp Law

On its surface, a March 29 Texas Supreme Court ruling could look to some as though the court is in favor of employers opting out of the state’s workers’ compensation system. But upon closer inspection, it is clear that the …

Arrowhead Fined For Not Registering as Major Campaign Donor

San Diego-based Arrowhead General Insurance Agency Inc. was fined $400 by the Fair Political Practices Commission for failing to register as major campaign donors. Arrowhead made contributions totaling $10,000 to the Chuck Quackenbush Committee on Jan. 18, 2000, according to …

Commissioner Low to Address Annual ITC Forum

Property/casualty and life/health insurance professionals will find a timely subject on the table at the Seventh Annual Insuring The Children (ITC) Insurance Industry Forum on June 22 in Costa Mesa. Set for discussion is the “Financial Stability of the Insurance …

A.M. Best Reports U.S. Continued Weakening in U.S. Property/Casualty Results for 2000

According to a new A.M. Best Co. report, property/casualty results for the fourth quarter and the full year 2000 continued to weaken as the effects of the prolonged soft market overshadowed the benefits of price firming. While the weak results …

EPolicy Inc. Forms New Subsidiary

EPolicy Inc., offering insurance products for small businesses and professionals over the Internet, recently announced the formation of a wholly owned subsidiary, Insurance Technology Solutions Inc. (ITS). ITS provides web-based technology to automate carrier and producer activities in small commercial …

ISO to Offer clickNsettle.com’s Services

clickNsettle.com Inc., a provider of web-enabled and in-person dispute resolution services, and Insurance Services Office Inc. (ISO) announced that ISO will offer clickNsettle.com’s dispute resolution services to ISO’s U.S. customers. Under the agreement, ISO will market clickNsettle.com’s platinum membership service. …

Federal Court Sentences Former Cleveland Agent

The Ohio Department of Insurance Director Lee Covington supports the decision of the U.S. Federal Northern District Court for sentencing former insurance agent Richard S. Zureich of Cleveland to two years in prison and ordering him to pay $560,000 in …

Edleman, Weill Named Directors at Acceptance Insurance Cos.

Nebraska-based Acceptance Insurance Companies Inc., an insurance holding company providing specialized crop insurance products throughout the U.S., named Myron L. Edleman and Richard L. Weill as directors of the company. Edleman, 58, owns and operates Edleman Ranches and Split Rock …

AIG Files With SEC, Continues American General Discussions

AIG Responded to key allegations in Prudential plc’s lawsuit against it by filing the documents with the Securities and Exchange Commission setting forth the terms of its $23 billion counter offer for American General. The move considerably weakens Pru’s attempt …