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

Heartland Adds The St. Paul Public Sector

Heartland Marketing Group Inc. (www.standardmarkets.com), a Texas-based standards markets wholesaler, announced the addition of The St. Paul Public Sector Services to their list of products. The St. Paul Public Sector Markets offer multi-line coverage for cities, counties and water & …

State National Raises $7.5 Million

State National Companies (www.statenational.com), based in Fort Worth, announced it has raised $7.5 million in capital through the issuance of floating rate trust preferred securities by T.B.A. Statutory Trust II. The funds are available to provide for the growing company’s …

Fla. Conference to Position Underwriting as First Line of Defense

“Underwriting – The First Line of Defense” is the theme for this year’s Underwriting Conference, sponsored by the Alliance of American Insurers and the American Association of Insurance Services (AAIS). The conference will be held Sept. 14-16 at the Loews …

A.M. Best Names Five Finalists for E-Fusion Insurance & Technology Award

Five online insurance-related projects have been selected as finalists for the E-Fusion Award, A.M. Best Company’s annual competition designed to recognize outstanding, resourceful uses of Internet technology by an insurance organization. Judges selected the top five projects from among 97 …

Oregon Drivers Spend Less than Average for Insurance

Oregonians spend less than the national average for personal automobile insurance, according to a recent report comparing premiums nationwide. The estimated average expenditure for personal auto insurance in Oregon was $642.52 in 2001, compared with the national average of $717.70. …

Progressive Boasts Back-up Saved Day During Blackout

Mayfield Village, Ohio-based vehicle insurer Progressive group of insurance companies’ significant investment in technology, systems and processes that provide back up and redundancy paid off last week as the largest power outage in U.S. history hit the group’s Cleveland-based headquarters. …

N.Y., N.J., Conn. Young Insurance Professionals Enhance Web Sites

The PIA announced that The New York, New Jersey and Connecticut Young Insurance Professionals have launched their new and enhanced Web sites to “provide members with information and opportunities to enhance their insurance careers through programs and services.” The new …

NYSID Specialists to Answer Consumer Questions at State Fair

New York’s Superintendent of Insurance Gregory V. Serio announced that Department specialists from the Consumer Services Bureau will be staffing an information booth, located in the Verizon Center of the Progress Building, at the New York State Fair in Syracuse, …

Endurance Specialty Repurchases 750,000 Shares from TIAA-CREF

Bermuda’s Endurance Specialty Holdings Ltd. announced that it has repurchased 750,000 of its ordinary shares owned by TIAA-CREF, an initial private equity investor that participated in the formation of the company in 2001. “The purchase price was $27.06 per share …

EQECAT Provides Risk Analysis for Largest Japanese Cat Bond

Oakland- based EQECAT Inc., a division of ABSG Consulting of Houston, Texas, announced that it has provided the risk analysis for a $470 million bond consisting of three individual tranches covering potential losses from second event occurrences of major earthquakes …