Yearly Archives: <span>2004</span>

CIS Notes Availability of Two-Way Integration Between AIM and AMS-Rackley PolicyRater

Custom Insurance Solutions (CIS) announced the availability of integration between Agency Information Manager and AMS-Rackley PolicyRater for all 50 states. The two-way integration seamlessly transfers policy, risk, coverage and premium information between Agency Information Manager and PolicyRater. Patrick McCall, director …

New Jersey Task Force Calls For Mandatory Boat Safety Training and Premium Discounts

A New Jersey legislative task force has recommended that the state mandate safety training for all boat operators. If the state does not do that, it should at least require insurers to provide premium discounts to those who do complete …

Delaware Mulls Dissolving CareFirst Affiliation with Blue Cross

Delaware’s insurance commissioner moved a step closer to dissolving the existing affiliation between CareFirst and Blue Cross Blue Shield of Delaware. Commissioner Donna Lee Williams presided over a hearing to determine whether the Delaware affiliation agreement between the two insurers …

IIABNY Reminds Agents on Flood Insurance

The Independent Insurance Agents & Brokers of New York has issued a bulletin reminding its member agencies and brokerages to keep in mind that the National Flood Insurance Program (NFIP) requires a waiting period before a flood policy is issued. …

White Mountains Withdraws Montpelier Re Share Offering

Bermuda-based White Mountains Insurance Group, Ltd. announced that it and funds managed by Prospector Partners, LLC have decided to withdraw their proposed secondary offering of approximately 4,785,540 common shares of Montpelier Re Holdings Ltd. pursuant to an effective shelf registration …

AXIS Names Andreas Thiele Asia Director

Bermuda-based AXIS Capital Holdings Limited announced that it has appointed Andreas Thiele to the new position of Senior Vice President Director, Asia Pacific Region. The Company said it is “currently reviewing plans for a local presence in Asia,” and noted …

Best, S&P Comment on R&SA Results

A.M. Best Co. and Standard & Poor’s Ratings Services have both issued comments indicting that their ratings on the U.K.’s Royal & Sun Alliance Insurance Group plc will not be affected by the group’s reported decrease in earnings for 2003 …

Moody’s Issues Upbeat Report on Lloyd’s

Moody’s Investors Service’s latest forecasts for the Lloyd’s of London insurance market indicate that Lloyd’s could record profits totaling around £6 billion ($10.8 billion) for the 2002 to 2004 years of account, with the cumulative returns on capacity equaling the …

Credit-Based Scoring Tops AIA Agenda at Spring NAIC Gathering in New York City

The issue of credit-based insurance scoring will once again reportedly be the subject of much discussion and attention during the spring meeting of the National Association of Insurance Commissioners (NAIC) in New York, which begins this weekend, the American Insurance …

Oklahoma House Passes Workers’ Comp Bill

The Oklahoma House of Representatives, concluding what has reportedly been a grueling three weeks of public policy debate, passed a workers’ compensation reform bill designed to keep a lid on costs. According to the House media services division, looming term …