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

AssuranceAmerica Expands in So. Carolina

Bud Stumbaugh, CEO of AssuranceAmerica Corp. announced that its subsidiary, AssuranceAmerica Insurance Company, a P/C insurer that focuses on the nonstandard private passenger automobile market, will commence writing business in South Carolina later this month. “We are very excited to …

Tort Reform Association Calls W.Va. a “Judicial Hellhole”

The American Tort Reform Association (ATRA) singled out West Virginia as the only statewide “Judicial Hellhole” in their recently released report, “Bringing Justice to Judicial Hellholesā„¢ 2003.” The designation “further highlights and reinforces the urgent need for significant civil justice …

PIANY’s MetroRAP Selects Kay Giustiniani, Robert Pfeffer for Awards

The Professional Insurance Agents of New York State Inc. will present Kay Giustiniani, vice president of marketing for Associated Mutual Insurance in Woodridge, with its Company Executive of the Year award and Robert Pfeffer, executive vice president of the Heffner …

CCBsure Opens New Office in Newton Pa.

ISG International, Inc., the managing general agency for the CCBsure(R) insurance program for technology businesses, announced the opening of their satellite office in Newtown, Pennsylvania. Brian D. DeGraw, Senior Account Executive will manage all operations of the new office location. …

IIANJ Comments on DOBI’s “Three Scenarios” and Alternate Underwriting Rules

The Independent Insurance Agents of New Jersey recently provided input to the New Jersey Department of Banking and Insurance (DOBI) on several proposed regulations implementing the “Competition and Choice Act signed into law by Governor Jim McGreevey on June 9, …

NAII Notes NJ DOBI “Moving Quickly on Auto Reform Regs”

The National Association of Independent Insurers issued a bulletin noting that New Jersey’s Department of Insurance is moving quickly to put in place more than 20 regulations necessary to implement the milestone auto insurance regulatory reform enacted earlier this year. …

S&P Lowers Medical Protective’s Ratings to ‘A;’ Off CreditWatch

Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Medical Protective Co. (MedPro), a subsidiary of GE Global Insurance Holdings that it rates on a “stand-alone” basis, to ‘A’ from ‘AA-,’ …

Hartford Settles Mac Arthur Asbestos Litigation for $1.15 Billion

The Hartford Financial Services Group, Inc. announced on Friday that it has agreed to a global settlement of all claims arising out of its historical insurance relationship with Mac Arthur Company and its subsidiary Western MacArthur Company. The agreement calls …

ADP Claims Services Group Announces Agreement to Acquire ABZ

San Ramon, Calif.-based ADP Claims Services Group, a division of Automatic Data Processing Inc. has entered into a definitive agreement to acquire ABZ Group B.V., a privately held company in the Netherlands, Peter Op de Beeck, Division President, announced. The …

Travelers Names Charles T. Brooks, Chief Information Officer, Personal Lines

Travelers Property Casualty Corp. announced that Charles T. Brooks has been appointed chief information officer for personal lines. He comes to Travelers from Accenture, where he was a partner in the insurance practice and led many projects for large-scale property/casualty, …