The Austin Association of Insurance Professionals (AAIP), formerly known as Insurance Women of Austin, Texas, elected and installed Kathy Van Eeten, Crump Insurance Services, as its president for 2002/2003. Other officers installed at the meeting included: first vice president – …
Ohio-based Wayne Wayne Mutual Insurance Company has begun implementing Results International Systems Inc.’s (RIS) ASP Outsourcing solution for end-to- end processing of all Wayne Mutual’s lines of business. According to RIS, the first phase, including Boat, Commercial, Umbrella, and Supplemental …
Indianapolis-based Baldwin & Lyons, Inc. announced a record second quarter operating income, before capital losses, of $5.4 million, or $.46 per share, compared to $3.7 million, or $.30 per share, for the second quarter of 2001. Including net capital losses …
The Professional Insurance Agents of New Jersey Inc. recently updated its agency handbook to reflect the late-breaking changes to the New Jersey Surplus Lines Guaranty Fund. The changes limit the applicability of the fund to just two types of policies, …
Philadelphia-based PMA Capital announced strong premium growth and a significant increase in operating income in its core businesses for the second quarter of 2002. Excluding run-off operations, after-tax operating income was $10.5 million, or $0.34 per diluted share, for the …
The National Association of Insurance Commissioners’ (NAIC) state rankings of auto insurance premiums, released last week, is “nothing more than an exercise in irrelevance and a misleading barometer of who pays how much for car insurance in New York and …
Nevada Gov. Kenny Guinn presented a special session of the state Senate with his proposals to cure the state’s medical malpractice crisis. The governor called for the special session to pass legislation that will restore affordability and availability to the …
Sherwood International has entered into a multi-million dollar license and implementation agreement with SSQ General Insurance Inc., a Quebec-based Property and Casualty insurance provider. SSQ will use Sherwood’s FrontTier processing and workflow management application and ProCede reinsurance solutions to increase …
Bermuda-based AXIS Specialty Ltd. announced net income of $30.0 million for the quarter and $61.7 million for the six months ended June 30, 2002. Gross premiums written for the quarter and the six months ended were $260.7 million and $526.4 …
A London appeals court reportedly dismissed allegations of fraud against Lloyd’s insurance market, which had been charged by dissatisfied members, or Names, with deceiving them into investing in Lloyd’s underwriting syndicates. According to A.M. Best, however, the court did find …
