April 16, 2001
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 …
April 16, 2001
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 …
April 16, 2001
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 …
April 16, 2001
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 …
April 16, 2001
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 …
April 16, 2001
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 …
April 16, 2001
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. …
April 16, 2001
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 …
April 16, 2001
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 …
April 16, 2001
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 …