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

Hull & Co. Enjoys AAMGA’s Annual Meeting

Some of Hull & Company’s Senior Management team were seen having a serious business meeting at their poolside cabana during the May 5-9 AAMGA meeting at the Bellagio Hotel in Las Vegas. Hull & Company has been an AAMGA member …

IBA West Conf. Boasts Opportunities for Young Agents and Brokers June 6-8

Dubbed the “flagship event” in the West for young insurance professionals, IBA West is holding its’ 27th Annual Young Brokers and Agents Conference June 6-8 in Reno, Nev. The event provides opportunities to meet with brokers, agents, and insurers, forming …

NIAC Members from 1995-99 to Receive Monetary Rewards for Good Risk Management

The Nonprofits’ Insurance Alliance of California (NIAC) board of directors recently set aside $1,000,000 of NIAC’s surplus to be returned to members who were with NIAC during the years 1995 through 1999. The monetary bonus comes from a period between …

HandySoft, TRC Develop BPM Solutions for Industry

HandySoft Corporation, a provider of business process management (BPM) software, and The Technical Resource Connection, Inc. (TRC), a wholly owned subsidiary of Perot Systems Corporation, plan to jointly develop comprehensive BPM solutions for the insurance industry. TRC will offer solutions …

Standard and Poor Says No Immediate Rating Action on Hartford Financial Services Group Inc.

Standard & Poor’s said it would not take any immediate rating actions on Hartford Financial Services Group Inc. or its double-‘A’ rated property/casualty companies following the announcement that the company is reclassifying from IBNR to case $120 million-$150 million of …

ISO’s New Auto Loss-History Database Offers Insurers Comprehensive Information for Assessing Auto Po

Insurance Services Office, Inc. (ISO) has launched its new Automobile-Property Loss Underwriting Service (A-PLUSTM) database to provide insurers, brokers and agents comprehensive automobile loss information, so they can make more informed decisions in underwriting commercial and personal auto policies. The …

AIA Hosting Mold Seminar May 20-21

The American Insurance Association (AIA) will host a two-day seminar May 20-21 to address the emerging issue of mold. Mold: The Challenge Ahead, will be held at the Ritz-Carlton Tysons Corner, McLean, Va., featuring experts on the front lines of …

Standard and Poor’s: U.S. P/C Insurance Rates to Continue Increase on Renewals

While the events of Sept. 11 accelerated the increase in U.S. commercial real estate insurance premiums, property and casualty insurance costs had already begun rising in 2000, independent of terrorism-coverage costs, according to analysts from Standard & Poor’s. Over the …

Study Says Mich. Retailers Fund Outperforms Other Workers’ Comp Insurers

The Michigan Retailers Association (MRA), based in Lansing, Mich., announced that its self-funded workers’ compensation insurance program, Retailers Fund, is doing a significantly better job than other workers’ compensation insurers of controlling claims and costs, according to a new insurance …

Standard and Poor Assigns Western Specialty Insurance Co. ‘R’ FSR

Standard & Poor’s has assigned its ‘R’ financial strength rating to Western Specialty Insurance Co. in recognition of an order of liquidation issued by the Cook County Circuit Court in Illinois on May 6. Western Specialty’s active business is to …