Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Employers Reinsurance Downgraded
Jun 24 2002 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on Employers Reinsurance Corp. and its wholly owned subsidiaries (collectively, ERC) to “AA+” from “AAA”...
Employers Reinsurance Downgraded
Jun 24 2002 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on Employers Reinsurance Corp. and its wholly owned subsidiaries (collectively, ERC) to “AA+” from “AAA”...
MiniCo Inc. Honored as Employer of the Year
Jun 21 2002 // Hardy Good, chairman and CEO of MiniCo Inc., was recently honored as Employer of the Year by the Insurance Women of Phoenix, Inc. (IWOP), an affiliate of the National Association of Insurance Women, Intl. (NAIW). Good...
SAFECO Exhibits ESP™ in New Approach for Business Insurance
Jun 12 2002 // Seattle-based SAFECO has introduced its comprehensive plan for changing the way its business insurance is purchased, sold and serviced. The efficient service and pricing system—known as ESP—will deliver greater...
ICAT Managers Appoints Brennan to Launch Calif. Middle Market Business Unit
Jun 11 2002 // International Catastrophe Insurance Managers, LLC. (ICAT) has launched its Middle Market Business Unit in California. John Brennan will lead the department’s objectives to underwrite accounts with values of $10...
Philadelphia Ins. Expands DO to Cover Workplace Violence, Internet, EPL
Jun 3 2002 // June 3, 2002 Philadelphia Insurance Companies’ announced the introduction of their new “Flexi-Five® non-profit D&O policy,” described as “providing traditional D&O coverage along with:...
INSTEC Unveils Native Windows Commercial Package Policy Processing Solution at 2002 ACORD Conference
May 24 2002 // Illinois-based INSTEC unveiled the industry’s first complete, native Windows commercial package policy processing solution earlier this week at the 2002 ACORD Conference “Real World Solutions,” in...
Business Auto
Apr 29 2002 // Nuts & Bolts: Mexipass is offering a business auto program designed to provide business auto coverage in Mexico for commercial vehicles registered in the U.S. and owned by American companies or U.S. residents, while...
Business Auto
Apr 29 2002 // Nuts & Bolts: The Barclay Agency LLC, of Montgomery, Ala., is offering business auto coverage by appointment only. Dollars: Policy limits up to $1,000,000 liability, med pay $5,000, UM is stat. single limit, 0-200 mi...
Business Auto – Mexico
Apr 29 2002 // Nuts & Bolts: Mexipass is offering a business auto program for U.S. vehicles in Mexico, targeted toward commercial vehicles registered in the U.S. and owned by U.S. companies or U.S. residents. Provides the same...
Trio of Workers’ Comp Bills Aim to Aid Employers
Apr 18 2002 // Three bills (AB 1808, 1809, 2611) geared toward helping employers with workers’ compensation have been introduced in the California Legislature, according to the San Francisco Chronicle. Written by Assemblyman Keith...
SIAA Partners with Zurich Small Business to offer Members Access to Zurich Products and Services
Apr 16 2002 // Zurich North America Small Business and Strategic Independent Agents Alliance (SIAA) have formed a relationship that will enable SIAA’s 876 member agencies to access the products and services of one of the fastest...
Fireman’s Fund Unveils New Software for Middle-Market Business
Apr 15 2002 // Fireman’s Fund Insurance has developed a new software program, designed specifically to help agents better serve their customers. The software, iCustomer Series, is targeted at middle market businesses concentrated...
E-Business Coverage Risks Could Outweigh Rewards for Insurers
Apr 8 2002 // With only a small amount of insurers jumping into the e-business insurance marketplace, a recent Conning & Company study reports that businesses’ increased use of the Internet is making for a substantial growth...
American Re Appoints New Senior Management Team in Strategic Business Units
Mar 27 2002 // American Re-Insurance Company announced the appointment of a new senior management team to direct the five Strategic Business Units of its U.S. property casualty underwriting operations, as well as the appointment of chief...
Commercial Lines Modernization Model Adopted by NAIC
Mar 20 2002 // Insurers were pleased as the National Association of Insurance Commissioners (NAIC) adopted its Commercial Lines Rate and Form Model Act at its Executive Committee meeting during the Spring Meeting in Reno this week. The...
Conning & Co. Study Shows E-Business Coverage Risks Can Outweigh Rewards for Insurers
Mar 19 2002 // Businesses’ increased use of the Internet is making for a substantial growth opportunity for the emerging e-business insurance market, but e-business insurance may not be a good market for every insurer, according to...
Web Enables Agents to Cut Processing Time for Small Business Accounts
Mar 11 2002 // When the prospect of selling insurance over the Internet first reared its head, one of the initial impressions it left was that it posed a threat to independent insurance agents and brokers. Futurists proclaimed a new...
Web Enables Agents to Cut Processing Time for Small Business Accounts
Mar 11 2002 // When the prospect of selling insurance over the Internet first reared its head, one of the initial impressions it left was that it posed a threat to independent insurance agents and brokers. Futurists proclaimed a new...
GAINSCO Drops Commercial Lines
Feb 25 2002 // Fort Worth, Texas-based nonstandard property and casualty insurer, GAINSCO Inc., said it plans to stop writing commercial lines of business due to unprofitable results and increasing claims. On a related note, GAINSCO...
