The Oklahoma House approved an insurance scoring bill based on model legislation developed by the National Conference of Insurance Legislators (NCOIL), according to the American Insurance Association (AIA). “While SB 539 does limit the use of insurance scores by insurers, …
Digital Insurance Inc., an Atlanta-headquartered firm that partners with traditional brokers to handle the day-to-day case management of small group clients, announced an expansion of its relationship with four broker partners. Acordia in New York, N.Y., Woodruff-Sawyer in San Francisco, …
New Jersey Insurance Commissioner Holly C. Bakke has issued an official bulletin reminding insurance carriers that doctors and other professionals called to active duty in the Iraq war have the right to suspend their malpractice insurance policies during their service, …
Pennsylvania’s Politically Active Physicians Association (P.A.P.A.) announced that a statewide protest aimed at reforming medical liability insurance laws will begin on April 28. The bulletin said the organization was “frustrated by the lack of substantive action by Pennsylvania to reform …
Bermuda-based Montpelier Re Holdings Ltd., a subsidiary of the White Mountains Group, announced that it expects to report first quarter diluted earnings per share between $1.48 and $1.58. Anthony Taylor, President and CEO noted, “Our preliminary review indicates that the …
Arch Insurance Group, a division of Bermuda-based Arch Capital Group Ltd., announced that Jerry Vasquez has been named to the position of Managing Director, Offshore Energy. He will be working with Lesley Harding, Managing Director of Arch’s London office in …
The Barbados-based Everest Re Group, Ltd. reported first quarter 2003 after-tax operating income of $104.1 million, or $2.02 per diluted share, a 58% increase compared to $66.1 million, or $1.35 per diluted share in the first quarter of 2002. Net …
At Cincinnati Financial Corp.’s annual shareholders’ meeting April 19, 2003, shareholders re-elected six directors to the board and turned down a shareholder proposal to expense the cost of stock options on the income statement. More than 70 percent of shareholders …
An insurance broker, John Sik Lee, 32, of Cerritos, pled no-contest to two felony counts and one misdemeanor count of grand theft based on evidence gathered by California Department of Insurance (CDI) investigators. The Los Angeles County District Attorney’s office …
International Insurance Group, Inc., an MGA specializing in the USA/Mexico crossborder market, announced several new products offered to agents and brokers online via IIG’s Web site www.mexicaninsuranceonline.com. In addition to Mexican personal and commercial auto, the Web site now allows …
