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

Travelers Makes Available Online Billing Inquiry for Ind. Agents

Travelers independent agents now have a new, faster and easier way to access policyholder billing information for automobile and home insurance customers. The company has launched an online capability that enables real-time billing inquiries, reducing the time necessary for these …

Standard and Poor Places St. Paul Cos. and Subsidiaries Ratings on Watch Negative

Standard & Poor’s has placed its ratings on St. Paul Cos. Inc. (St. Paul) and its insurance subsidiaries on CreditWatch with negative implications because of the uncertainty associated with St. Paul’s determination to seek more aggressive early resolution of certain …

Standard and Poor Takes State Farm off Watch, Lowers Ratings

Standard & Poor’s has removed from CreditWatch and lowered the counterparty credit and financial strength ratings on State Farm’s core operating units to double-‘A’-plus from triple-‘A’. Standard & Poor’s also removed from CreditWatch its single-‘A’ counterparty credit and financial strength …

InsurancePartnerships.com Launches Web Site to Assist Companies

Chicago-based Insurance Partnerships Consulting, Inc. has launched its Web site, www.insurancepartnerships.com, to help companies (insurance brokers/carriers, agent groups, financial services companies, financial planners, and large associations) interested in forming online strategic partnerships to sell more insurance products and services, add …

Atty. General Asks Mich. Insurers to Explain

Attorney General Jennifer Granholm has released the results of a statewide survey her office conducted into the practice of insurance redlining in Michigan. In releasing the results—which showed disparities in auto rates of up to 17 percent in cities with …

Schiro Sets Out to Rebuild Confidence in Zurich

James Schiro, an American and former head of PriceWaterhouseCoopers, who took over as CEO of Zurich Financial Services (ZFS) last week, following the resignation of longtime chief Rolf Hüppi, stated in a series of interviews that he intends to rebuild …

Swiss Re Sponsors Brazilian Water Project; Offers Hurricane Expert Advice

Swiss Re will sponsor a water resources project in Northeastern Brazil in conjunction with World Vision, an independent environmental organization, and . will offer hurricane advice to the media by weather forecasting experts. The implementation of the Agua e Vida …

SAI, La Fondiaria Merger Moves Closer, Full Bid Not Necessary

Italian insurer SAI’s year-long battle to merge with La Fondiaria may be moving towards a successful conclusion, as Consob, the Italian stock market regulator, ruled that the 29 percent stake controlled by J.P. Morgan Chase was an independent holding. The …

NAII Satisfied with NH Legislative Session

Gerald L. Zimmerman, senior counsel for the National Association of Independent Insurers (NAII) indicated that the industry was satisfied with the outcome of the New Hampshire 2002 legislative session, which ended last week. “We had some setbacks, but for the …

PIANJ Meets with DOBI to Clarify ID Card Reg

Officers of the Professional Insurance Agents of New Jersey (PIANJ) met recently with Department of Banking and Insurance (DOBI) and the Association for Cooperative Operations Research and Development officials to discuss the correct interpretation of Insurance Identification Card Regulations. The …