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

Mann Joins ABD as Vice President

Redwood City, Calif.-based ABD Insurance and Financial Services appointed Jeff Mann as vice president. He will be the P&C public entity specialist in the company’s Torrance, Calif. operation. Mann joins ABD from Newport Beach, Calif.- based public entity division of …

Calif. Speier Bill Would Close Loopholes in Proof of Auto Insurance Law

Senator Jackie Speier (D-San Francisco/San Mateo) has introduced SB 1500, a bill to close loopholes in the state’s proof of auto insurance law. “People can buy auto insurance, get their vehicle registration renewed, and then cancel the insurance the next …

Best Ups RTW Sub’s Rating to ‘B+’

Minneapolis-based RTW Inc. reported that A.M. Best Co. increased the financial strength rating of its subsidiary American Compensation Insurance Co. (ACIC) to “B+” (very good, secure) from B (fair, vulnerable). Best cited improved capitalization and continued profitable operating performance as …

CAA Named The Hartford’s Agent of the Year

Texas-based managing general agency (MGA) Combined Agents of America LLC (CAA) announced it was named Agent of the Year by The Hartford’s Houston branch. The annual award honors the agency or broker demonstrating the best overall performance—including top line growth, …

Wooley Leaves IIABA for Democratic Party

Derek Wooley, son of Louisiana Insurance Commissioner Robert Wooley, is leaving his job as governmental affairs representative with the Independent Insurance Agents and Brokers of America to become the new executive director of the Louisiana Democratic Party. According to the …

D.C. Insurance, Banking Departments Merge

Mayor Anthony Williams has signed into law a bill enacted by the Council of the District of Columbia that combines the functional operations of the Department of Insurance and Securities Regulation (DISR) with those of the Department of Banking and …

New England Area CPCU to Hold Seminars

The CPCU Society’s New England Chapters will present five leadership development seminars. Open to both CPCU Society members and nonmembers. The seminars are scheduled to be held May 21, 2004 from 8:00 a.m. to 4:30 p.m. at the Beechwood Hotel, …

PIANY Details Plans for LI RAP

The Professional Insurance Agents of New York State Inc. has issued a bulletin giving further details for its 19th annual Long Island Regional Awareness Program (RAP) to be held Thursday, April 22, 2004, at Leonard’s of Great Neck, starting at …

Panel Discussion Slated on Pa. Med-Mal Crisis

Representatives of the medical profession and insurance industry will participate in a panel discussion on March 11 between 8:00 a.m. – 9:30 a.m., moderated by Pennsylvania Insurance Commissioner Diane Koken, on “The Medical Malpractice Insurance Crisis.” The panel is part …

Chubb Sub Ordered to Pay Ex-Tyco CEO’s Legal Costs

Federal Insurance, a subsidiary of Chubb Corp., has been ordered to assume the legal costs of Tyco International Ltd., Chairman L. Dennis Kozlowski, who’s currently on trial, along with ex-CFO Mark Swartz, in Manhattan on charges they looted the company …