Monthly Archives: <span>May 2002</span>

Hartford Partners with IVANS, HNC, and Access CoverageCorp

The Hartford Financial Services Group announced a series of new initiatives that enable agents to do business with the insurer using processes that meet their agency’s specific needs. The initiatives involve IVANS’ Transformation Station, HNC’s Blaze Advisor and Access CoverageCorp’s …

CSC Unveils iSolutions Tools and S3+ Billing at ACORD

Computer Sciences Corporation introduced new versions of two property and casualty insurance software applications, iSolutions Tools and S3+ Billing at ACORD’s 2002 Conference. Both applications meet CSC’s service-oriented architecture requirements, enabling rapid integration and implementation with clients’ existing systems. The …

IIABA Creates Diversity Task Force

Seeking to build on the successful foundation laid by its Multicultural Agents Forum series, the Independent Insurance Agents & Brokers of America (IIABA) has established a Diversity Task Force, charging it with “fostering a profitable independent agency force that reflects, …

S&P Downgrades Zenith National Co. to “BB”

Standard & Poor’s said it lowered its counterparty credit rating on Zenith National Insurance Corp. (ZNT) to double-‘B’-plus from triple-‘B’-minus and its ratings on ZNT’s affiliates, Zenith Insurance Co. and ZNAT Insurance Co. (Zenith), to triple-‘B’-plus from single-‘A’-minus due to …

Where is P/C Industry Headed’

Orlando – “We cannot afford to pay another loss like 9/11.” Just one of the thoughts of Frank Coyne, president and CEO of Insurance Services Office (ISO), during a general sessions panel on the final day of the 2002 ACORD …

Ohio Casualty Files Registration Statement on Outstanding Convertible Notes

Ohio Casualty Corporation filed with the Securities and Exchange Commission a Registration Statement on Form S-3 registering its currently outstanding 5.00 percent Convertible Notes and the common shares issuable upon conversion of the notes. Theses notes, aggregate principal amount of …

Missouri’s Lakin to Moderate Kansas City Roundtable

The Missouri Department of Insurance announced that its director, Scott B. Lakin, will hosed a public roundtable discussion on key issues facing consumers and regulators in Kansas City on May 23. Five state insurance directors and the National Association of …

Safeonline Extends Cover Under SafeEMail Policy

Okemos, Mich.-based digital risk insurance specialist SafeonlineT, has extended cover under its SafeonlineT SafeEmail policy to help businesses keep pace with their growing liability exposures. Pricing remains the same and insured’s will be receiving a letter in the next week …

Bermuda Fund May Challenge SAI, La Fondiaria Ruling

The Bermuda-based Liverpool Fund, which owns a one percent stake in Italian insurer La Fondiaria, is reportedly considering taking legal action to block the decision by Consob, the Italian stock market regulator, that SAI, another Italian insurer, is not required …

ESG Re Answers Investors’ Questions On-line

Bermuda-based ESG Re has taken the somewhat unusual step of putting shareholders’ questions, and the company’s responses, on-line through a press release and on its website. The company recently reported a $5.5 million net loss for the first quarter (See …