Monthly Archives: November 2004

DVUA EXPANDS INTO NEW ENGLAND:

Delaware Valley Underwriting Agency Inc. (DVUA) is expanding into the New England area with the purchase of the assets of...

N.J. WINS BACK STATE FARM:

A flurry of special dividends and a series of rate reductions from auto insurers, along with increased competition and new...

N.J. REPAIRS CONTRACTORS' ACT:

Gov. James McGreevey signed legislation removing “inaccurate and ineffectual” provisions from the Contractor’s Registration Act, one day before the act...

N.Y. CRACKS FRAUD RING:

New York officials are hailing the arrest of 24 individuals alleged to have been involved in an auto insurance fraud...

N.Y. UNVEILS HOLOCAUST AWARDS:

New York Governor George E. Pataki revealed that $2.3 million in offers have been made to Holocaust survivors and their...

R.I. OFFICIAL SEEKS BAN ON FEES:

In the wake of the ongoing insurance brokerage probe involving bid rigging and incentive payments, Rhode Island Secretary of State...

CONN. WIDENS PROBE TO TOWNS:

Connecticut Attorney General Richard Blumenthal has expanded his investigation into allegations that insurance bids were rigged by examining whether unlawful...

CONN. COMP RATES CHANGING:

The Connecticut Insurance Department has approved a slight decrease of 0.3 percent in workers’ compensation loss costs beginning Jan. 1,...

Transatlantic Holdings Subs Downgraded

A.M. Best Co. downgraded the financial strength rating of Transatlantic Reinsurance Company and Putnam Reinsurance Company to “A+” (superior) from...

Omaha P&C Under Review

A.M. Best Co. placed the financial strength rating “A-” (excellent) of Omaha Property and Casualty Insurance Co. (OPAC) under review...