Yearly Archives: <span>2001</span>

The St. Paul to Offer ICBA Members Professional Liability Coverage

The St. Paul, headquartered in St. Paul, Minn., signed an agreement with The Independent Community Bankers of America to offer professional liability coverage for insurance agents and brokers to ICBA members. The St. Paul Insurance Agent/Broker Professional Liability Program, available …

Majority of U.S. Businesses Report Workplace Safety Pays Off

Ninety-five percent of business executives report that workplace safety has a positive impact on a company’s financial performance, according to the findings of “The Executive Survey of Workplace Safety” by the Liberty Mutual Group. Of these executives, 61 percent believe …

Queensway Announces Developments in Argonaut Deal, Revised Sales Process

Ernst & Young Inc., the Interim Receiver of Queensway Financial Holdings Limited (Queensway), announced that the agreement between the Argonaut Group Inc. and Queensway for the purchase and sale of North Pointe Financial Services Inc., Hermitage Insurance Company, Consolidated Property …

NAII Says Health Information in Proposed Iowa Privacy Law Would Cause Confusion, Frustration

Inclusion of health information in a proposed state regulation in Iowa on consumer privacy could cause confusion and frustration for consumers and force agents to comply with two different privacy standards plus add to insurance costs, according to the National …

RLI Named to ‘Ward’s 50’ for 11th Consecutive Year

Peoria, Ill.-based RLI Corp. was named to the “Ward’s 50,” a benchmark group of the industry’s top performing insurance companies. The analysis recognizes companies that have excelled at balancing safety, consistency and performance from 1996 through 2000, and then benchmarks …

Munich Re Net Up, Insures World Cup

Munich Re followed its announcement that its net profit for the 1st half of the year almost doubled to $1.18 billion with the announcement that it had structured an innovative event cancellation policy for the 2002 Soccer World Cup in …

XL Subs Receive Aa2 Ratings from Moody’s

XL Capital Ltd. announced that Moody’s Investors Services had given its coveted Aa2 rating to two XL subsidiaries, XL Insurance Ltd. and XL Re, in what it said was a first for Bermuda-based companies. XL’s U.S. subsidiaries were also rated …

Hannover Re’s Steiner to Take Over at Clarendon

Hannover Re has selected top executive Dr. Detlef Steiner, to become the new head of its largest subsidiary, Clarendon Insurance Group of New York. Steiner, who currently heads Hannover’s North American p/c reinsurance operations, will replace Ralph Milo, who plans …

OneBeacon Settles Stephen King Lawsuit

In a novel claim settlement OneBeacon Insurance Co. agreed to donate $750,000 to the hospital that cared for famed author Stephen King after he was severely injured by a van while walking along a road near his vacation home in …

HNC Software Announces ASP Versions of Bill Review Products

HNC Software Inc. announced the availability of web-enabled versions of its CompAdvisor™, AutoAdvisor™ and Capstone™ Decision Manager for Medical Bills bill review products. Hosted by an Application Service Provider (ASP) delivery system and accessible from a secure Internet site, customers …