Monthly Archives: <span>March 2004</span>

InsureVianet Takes Comp Program to Mich., Ind.

A division of Chicago-based online broker InsuranceNoodle has introduced a new Internet-based small business workers’ compensation insurance program for agencies in Indiana in Michigan. The division, InsureVianet, is based in Bloomfield, Conn., and is using “A+”-rated carriers Xl Specialty Insurance …

AIG Unveils Professional Liability Coverages for Homeland Security Department Contractors

The AIG Companies have introduced SAFETY Act Homeland Protector, a new set of product and professional liability coverages designed for companies developing and selling anti-terrorism products and technologies in accordance with the Support Anti-Terrorism By Fostering Effective Technologies Act of …

Safeco Signs Definitive Agreement to Sell Life & Investments Operations

Seattle-based Safeco Corporation announced it has entered into a definitive agreement to sell its life and investments operations to a group of investors led by White Mountains Insurance Group, Ltd., and Berkshire Hathaway Inc. The sale includes Safeco Life & …

Parting Shots: Stay the Course on Florida Workers’ Comp Reform

Long-needed, comprehensive reforms to Florida’s troubled workers’ compensation system passed during last May’s special session of the Legislature, culminating a long-term effort by Florida’s business and insurance industry coalition, with the support of Gov. Jeb Bush and legislative leaders. Just …

Ala. Fire Destroys Business, Damages Five Others

A March 11 fire at the Boaz Shopping Center in Alabama brought eight area fire departments to fight the blaze, which destroyed one business and damaged five others. Three Boaz firefighters were treated for smoke inhalation and dehydration following the …

Montana Receives NAIC Accreditation Award

The insurance regulatory organization from Montana received Accreditation awards under the National Association of Insurance Commissioners’ (NAIC) Financial Regulation Standards and Accreditation Program. The honor was presented at the 2004 NAIC Spring National Meeting here. “We hold our state insurance …

NAMIC Backs Withdrawal of Sarbanes-Inspired Proposal

Withdrawal of a proposal on Saturday, during a meeting of the NAIC Blanks Working Group, to have the National Association of Insurance Commissioners (NAIC) Annual Statement reflect Sections 406 and 407 of the Sarbanes-Oxley (SOX) Act, drew applause from the …

Fla. Woman Charged with Stealing Guaranty Funds

A woman is charged with stealing more than $100,000 from the Florida Insurance Guaranty Association, where she was employed, by opening a fictitious vendor account and submitting fraudulent claims. Insurance fraud investigators with the Department of Financial Services last week …

N.H. All-Industry I-Day Set for April 15

New Hampshire insurance professionals have set the date and agenda for their annual insurance education day. The All-Industry I-Day will be held April 15 at the Wayfarer Inn in Bedford. As part of the main industry panel on regulatory changes, …

Proposals to Appoint Okla. Commissioner Shot Down

Oklahoma lawmakers have so far buried proposals this session to change the state insurance commissioner position from an elected office to one that is appointed by the governor, according to the Associated Press. Proponents maintain that moves to appoint the …