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

AMERICAN FAMILY INS. AUTO RATES TO INCREASE IN NEV

Nevada Insurance Commissioner Alice A. Molasky-Arman has approved the request of American Family Mutual Insurance Company (American Family) for an overall statewide increase of 4.4 percent for private passenger automobile insurance. American Family made adjustments to its auto and home …

$585 Million Settlement at Hand in Credit Lyonnais/ELIC Fraud Case

Nothing apparently concentrates the corporate mind so effectively as being named in a criminal complaint. A week after a federal grand jury in Los Angeles issued a sealed indictment which reportedly accused it, and numerous others involved, of criminal fraud, …

Industry Has Not Forgotten

Now that the two-year anniversary passed us earlier this month, it would be very easy for all of us to go about our business and put in the background the impact of Sept. 11, 2001. Not only did the events …

States Fight Back as Federal Takeover of State Regulation Threatens

When I first became an insurance regulator in 1999, I was alarmed by the aggressive tone of those who were advocating for a takeover of state insurance regulation by the federal government. At that time, I mentioned to Mike Pickens, …

Bruce Milligan, President and CEO of Republic Group, Passes Away

The Republic Group of Insurance Companies, of Dallas, lost its president and chief executive officer, Bruce Robert Milligan on August 30, 2003. Milligan, 47, was at home when he unexpectedly passed away. He was a member of an investor group …

McLaughlin Receives Matt Wells Producer Development Scholarship

Jeff McLaughlin, a producer with Dallas-based McLaughlin Brunson Insurance Agency, was recently named the recipient of the Matt Wells Producer Development Scholarship. The scholarship—established by Insurance Journal publisher Mark Wells in honor of his son, Matt—provides McLaughlin with the tuition …

Non-Profits, Public Entities Battle Market Conditions

As some in the industry see profits and smoother sailing ahead, other markets are having a tougher time. In a look at the non-profits and public entities markets, Insurance Journal spoke with several experts in those related areas to get …

Is the Pendulum Swinging on Stowers’

Through its history in Texas jurisprudence, the Stowers doctrine, which creates excess liability for insurers based upon rejection of the settlement demand within limits, has shifted between a restricted concept and a broad base for miscellaneous insurer conduct in defense …

2002 Market Share for Insurers in Texas

The 2002 premium and loss data for Texas provides hope for the future of Texas insurance markets. Here are the highlights in review: • The aggregate loss ratio for all Texas companies for all lines of business was 78.4 percent …

National Lloyds Thrives Writing Low-Valued Dwellings

The experience of specialty homeowners carrier National Lloyds Insurance Co. illustrates that the fable of the tortoise and the hare is as true today as when Aesop told it to the village children who gathered ’round to hear it ages …