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

Zurich Reestablishes NY Offices

Zurich North America, the U.S. subsidiary of the Zurich Financial Services Group, announced that it has completed the relocation of its offices from the damaged One Liberty Plaza building in downtown Manhattan to a number of new locations in the …

Serio Assures Congress Industry Can Manage NY Disaster, Pays Tribute to Neil Levin

Gregory V. Serio, the Superintendent of the New York State Insurance Department told the House Financial Services Committee that: “While none of us will ever be the same as a result of the events of September 11th, I have no …

San Diego-Based Mitchell International Purchases Ensera Inc.

San Diego-based Mitchell International has finalized its purchase of Ensera Inc., a move that further strengthens Mitchell’s position in providing e-commerce solutions for the insurance and collision repair industries. Ensera develops and provides technology solutions to automate the communications and …

NAII: Auto Rating Discount Proposal Would Penalize Calif. Drivers

A proposed regulation that would allow only those drivers who renew coverage with their current insurer to receive discounts would stifle competition and unfairly penalize thousands of responsible motorists in the state. “[Discounts] should not be confined only to policies …

Liberty Northwest Insurance Corp. Seeks Purchase of Oregon Company

Liberty Northwest Insurance Corporation has announced the intended purchase, pending regulatory approval, of Oregon Auto Insurance Company, along with its subsidiary North Pacific Insurance Company. As two of the largest regional insurers in the Northwest, Liberty Northwest and North Pacific/Oregon …

AMR Corp. Notes Insurers Canceling Coverage

AMR Corp., the parent of American Airlines, said on Tuesday that insurers are canceling its coverage for claims caused by acts of war, terrorism, sabotage, hijacking and other similar events effective Sept. 26. According to a Reuters report, AMR, the …

NAMIC Commends Financial Services Committee for Hearing

National Association of Mutual Insurance Companies (NAMIC) commended the U.S. House Financial Services Committee for its hearing on securities and insurance issues in the aftermath of the Sept. 11 terrorist attacks. “Even in the face of the largest insured disaster …

NAIC Donates $10,000 to Honor Former NY Ins. Superintendent Lost in Disaster

In an act of remembrance, the National Association of Insurance Commissioners (NAIC) President and Kansas Insurance Commissioner Kathleen Sebelius announced the association is donating $10,000 to the Neil D. Levin Education Foundation in memory of the former New York superintendent …

Arch Capital Group Ltd. to Acquire Rock River Insurance Company

Arch Capital Group Ltd. announced that it has entered into a definitive agreement to acquire Rock River Insurance Company, an approved excess and surplus lines insurer in 45 states and the District of Columbia and an admitted insurer in two …

Ohio Director Reminds of New Licensing Requirements

Ohio Department of Insurance Director Lee Covington issued a reminder Sept. 20 to current property and casualty license holders that beginning Oct. 9, they will no longer be authorized to solicit or sell surety bail bonds issued by an insurance …