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

Lloyd’s, London Brokers Set Up Benchmark Program

Lloyd’s and the London Market Insurance Brokers’ Committee (LMBC) announced that they have jointly established a new benchmarking program for the London Insurance Market. The program will allow insurers and brokers to understand how their performance compares with others across …

Conn. Ins. Commissioner Susan Cogswell to Speak at CTYIP Breakfast

Susan F. Cogswell, Connecticut’s Insurance Commissioner, will be the guest speaker at the 2002 Connecticut Young Insurance Professionals’ Industry Partners (CTYIP) Breakfast and Annual Sponsor Appreciation Program on Tuesday, June 20. The breakfast meeting will begin at 8 a.m. at …

NYSID Focus on Insurance During Hurricane Awareness Week

While it might be a more urgent priority in Florida or Texas rather than New York, hurricanes and tropical storms can nonetheless cause extensive damage all along the eastern seaboard. It’s not surprising therefore that New York’s Insurance Superintendent, Gregory …

Esurance Partners With Provident Credit Union

California-based Esurance Inc., a direct-to-consumer personal auto insurance company, and Provident Credit Union recently announced a partnership to provide Provident’s members with online access to personal automobile insurance through Esurance. This partnership will include joint marketing of Esurance’s automobile insurance …

Ariz. HB 2192 to Protect Consumers who Depend on Structured Settlements

The Arizona Legislature passed a bill May 16 aimed at protecting consumers who depend on structured settlements, and could become the fourth state this year to enact such a law, according to the Alliance of American Insurers. Mississippi and Utah …

UST Article Correction

In the article “Underground Storage Tanks: Words Leaks Out on Cover Enforcement” appearing on the April 25 National section of the IJ Web site, it was implied that AIG and Zurch Environmental are the only major carriers providing underground storage …

NAMIC Set for Regulation Testimony

The National Association of Mutual Insurance Companies (NAMIC) said it looks forward to testifying before the House Financial Services Committee during hearings on insurance regulation next month. “NAMIC’s recently published public policy paper Regulation Of Property/Casualty Insurance: The Road to …

AUGIE Agency Survey Offers Up Numbers

Orlando – “The thing that surprised me the most was just how much of the survey wasn’t that surprising,” ACORD vice president Rick Gilman commented. According to Gilman, the result of the AUGIE Agency Survey showed that agencies overwhelmingly are …

Insurance Industry Looking to Meet Technology Challenges

Orlando – Issues surround every business across the U.S. and the world for that matter. But what strategic issues are facing the insurance industry in 2002? Panelists, with sometimes varying points of view, tried to address that May 19 during …

Horace Mann Closes Notes Offering; Re-elects Melone as Board Chairman

Horace Mann Educators Corporation of Springfield, Ill., which specializes in a variety of insurance products for educators and their families, has closed the sale of $150,005,000 aggregate principal amount of 3 percent senior convertible notes due May 14, 2032. The …