Monthly Archives: <span>February 2003</span>

XL London Market Names SE Equine Global Practice Leader

XL London Market Ltd (XLLM), an XL Capital Ltd company announced that Julian Bowen-Rees was named global practice leader for XL’s equine business, including both the XLLM bloodstock and livestock operations and XL’s equine business in Lexington, Ken. Julian Bowen-Rees …

Federal Officer Charged With Torching Truck in Fla. Scam

A Gulf County, Florida man who happens to be a federal law enforcement officer, was arrested for setting his 1999 Chevrolet Z71 truck allegedly in order to collect insurance money. According to the Florida Department of Financial Services, Robert Gay, …

Oxendine Expresses Concerns About Ga. Insurance Market

Georgia Insurance Commissioner John Oxendine recently spoke out on the need for judicial reform as a way to encourage insurers to compete for business in the state. According to the National Association of Independent Insurers (NAII), in a recent presentation …

Former Mich. Commish Had ‘Integrity,’ Says NAMIC

The National Association of Mutual Insurance Companies (NAMIC) said the Michigan Insurance Commissioner who recently resigned had “integrity.” A NAMIC statement said that Frank Fitzgerald worked hard over the three years he served as Insurance Commissioner and then as head …

Illinois Docs Protest Premiums in Capitol Rotunda

Approximately 300 Illinois doctors, most from the Chicago area, staged a “white-coat rally” in the rotunda of the state’s capitol in Springfield. Illinois already has limits on non-economic and punitive awards in health care cases, but doctors are looking to …

InsuranceNoodle Signs 3,500th Agency Partner

Chicago-based InsuranceNoodle has signed its 3,500th “NoodleNetwork” insurance agency partner to quote and bind small commercial insurance business online. The Chicago-based e-broker’s proprietary, Web-based agency technology enables its partners to efficiently write and service small commercial business insurance with leading …

Coalition Says N.J. Drivers Have Fewer Choices

New Jersey’s insurance crisis reportedly took yet another turn for the worse Wednesday when the New Jersey Department of Banking and Insurance allowed New Jersey Manufacturers Insurance Group, the state’s largest insurer, a respite from quoting rates to drivers seeking …

Alaska Supreme Court to Decide UM/UIM Coverage Limits Case

The Supreme Court of Alaska will decide whether state law requires that personal auto insurance companies include price terms when offering optional uninsured/underinsured motorist coverage limits. The court will also determine the appropriate remedy for improper or inadequate offers of …

S&P’s Report Examines Insurers’ Recent D&O Woes

Reportedly barring a divine mission to overhaul human nature, corporate folly and wrongdoing will remain a fact of life, but the toll on insurers has intensified sharply, according to a report just published by Standard & Poor’s. The directors’ and …

First Set of Proposed Regs on Terrorism Insurance to Provide Insurers with More Certainty

The Alliance of American Insurers (AAI) is applauding the U.S. Department of the Treasury for its reported diligence in issuing the first set of regulations under the Terrorism Risk Insurance Act (TRIA) of 2002. “While the proposed rule covers only …