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

Penn. Gov. Orders Malpractice Relief

Pennsylvania Governor Mark Schweiker backed up his call for the reform of the state’s medical malpractice insurance system (See IJ Website, Dec.27) with an executive order to delay collection of the surcharge for the calendar year 2002 from the Joint …

Auto Club rings in 2002 With Free Tipsy Tow Service on New Year’s Eve

To help keep New Year’s Eve safe for all motorists, the Automobile Club of Southern California will offer free Tipsy Tow rides home for drinking drivers and their vehicles. Between 6 p.m. on New Year’s Eve and 6 a.m. on …

Hawaii Insurance Division Receives Accreditation Award

The Hawaii Insurance Division has received a full five-year accreditation award under the National Association of Insurance Commissioners’ (NAIC) Financial Regulation Standards and Accreditation Program. Hawaii was first accredited on Sept. 28, 1996. The award was presented earlier this month …

IBA West Endorses Calderon for Calif. Insurance Commissioner

The largest trade association in the Pacific West representing independent agents and insurance brokers–which employ more than 15,000 insurance professionals and insure millions of Californians–recently announced its endorsement of Thomas Calderon for California Insurance Commissioner. “Our organization does not make …

Wash. Workshops Detail New USDA Farm Insurance Program

Producers in 11 eastern Washington counties have until Jan. 31 to take advantage of a new insurance product that allows them to protect the gross revenue of their farms. The Adjusted Gross Revenue insurance plan is being pilot tested in …

The St. Paul Cos to Acquire Renewal Rights for Fireman’s Fund Surety Bond Business

The St. Paul Companies, a Saint Paul, Minn.-based commercial insurer, announced and agreement to acquire the renewal rights for Fireman’s Fund Insurance Company’s surety bond business. Fireman’s Fund wrote about $103 million in gross premiums in surety bonds last year. …

Kemper Launches New Accounting Firm Market Segment

Kemper Insurance Companies has enhanced its line of Kemper Premier business owners’ policies with a new specialty coverage tailored for accounting firms. The new endorsement offers property, liability and accounting industry specific coverages under one policy. The endorsement provides accountants …

RIMS Urges Congress to Readdress Need for Terrorism Reinsurance

With the Senate not addressing the issue of federal terrorism reinsurance legislation before the end of the year, The Risk and Insurance Management Society Inc. (RIMS) expressed its disappointment. The Jan. 1 renewal date for most property/casualty policies required immediate …

NAMIC Board Endorses Insurance Scoring Methods

The Board of Directors of the National Association of Mutual Insurance Companies (NAMIC) has endorsed the use of a consumer’s credit history by property/casualty insurers to help them make underwriting, marketing and rating decisions. NAMIC does not advocate the use …

ACE Tempest Re USA Inc., HartRe Join Forces

ACE Tempest Re USA Inc., a wholly-owned subsidiary of ACE INA Holdings, Inc. (underwriting on behalf of ACE USA), announced it has joined forces with The Hartford Financial Service Group’s HartRe subsidiary to offer workers’ compensation catastrophe coverage with $20 …