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

Taiwan to Follow China into WTO

No sooner had the weary delegates to the current World Trade Organization meeting in Geneva taken a rest from thrashing out the final details of China’s admission to the world’s governing trade body, than they began the equally thorny task …

S&P Downgrades QBE’s Underwriting Units

The underwriting entities which make up Australia’s QBE Group became the first insurers to be downgraded by Standard & Poor’s following its assessment of the group’s exposure to the World Trade Center disaster. The international rating agency announced today that …

Study Finds Conn. Workers Comp Very Efficient

A study by the Workers Compensation Research Institute (WCRI) has singled out the State of Connecticut’s handling of benefits to injured workers as particularly efficient in comparison with other state programs. The findings revealed that Conn.’s. $927 average cost of …

Liberty Mutual, Hartford Confirm Estimates of Terrorist Attack Losses

Two of New England’s largest insurers, Boston’s Liberty Mutual, and The Hartford confirmed pervious announcements concerning their potential loss exposures from the terrorist attacks on the World Trade Center and the Pentagon. Liberty CEO Edmund F. Kelly extended “our deepest …

Greater Los Angeles CPCU Chapters Host All Industry Day

(left) Andrew Zagrzejewski, CPCU, San Gabriel Chapter President, Farmers Insurance. (right) Betsey Brewer, CPCU, Society Regional Governor, Aon Risk Services. (left to right) Keynote Speaker Dr. Benjamin Zycher, Earl Butler, CPCU, South Coast Chapter President, David Keleher, CPCU, All Industry …

Penn Treaty Network America Insurance Co. License Suspended in Arizona

Arizona Insurance Director Charles Cohen has suspended the license of Penn Treaty Network America Insurance Company which will prohibit the company from issuing any new insurance policies in the state. The action came as a result of a finding that …

The Heffernan Group and MBO Insurance Brokers Announce Merger

The Heffernan Group, one of the largest full-service brokerages firms in California, and MBO Insurance Brokers Inc., an independent brokerage firm specializing in commercial insurance on a worldwide basis, announced the completion of their merger. The new entity brings together …

Calif. State Assembly Defeats Controversial Financial Privacy Bill

Following a late night debate, the California State Assembly voted to defeat a controversial financial privacy measure that would have given California the most complicated and confusing privacy law in the nation, the American Insurance Association (AIA) said. “I commend …

NAIC Cancels Fall National Meeting in Boston

Members of the Kansas City, Mo.-based National Association of Insurance Commissioners (NAIC) unanimously agreed that its Fall National Meeting be canceled in the wake of the tragic events that occurred Sept. 11. The association’s meeting had been scheduled for Sept. …

CIAB Cancels Insurance Leadership Forum

The Executive Committees of co-sponsors The Council of Insurance Agents + Brokers and The Council of Insurance Company Executives announced yesterday the cancellation of the 88th Annual Insurance Leadership Forum, scheduled for Oct. 5 -10 at White Sulphur Springs, W. …