Latest Numbers Headlines
All the headlines from our Numbers Topic Page, ordered by recency.
Three Strikes to Lower Agency Value
Nov 11 2002 // In the past year or so there have been some notable acquisitions of agencies that were pushing the agency value envelope. For some cases, banks were making their platform acquisition and thus willing to pay top dollar to...
One-time GOP Rival Endorses Garamendi
Nov 4 2002 // Former GOP Insurance Commissioner Candidate Wes Bannister recently endorsed Democratic candidate John Garamendi in next week’s election for Insurance Commissioner. Bannister, who lost to Garamendi in the 1990 general...
Seven Found Guilty in Texas of Alleged Water/Mold Scheme
Oct 11 2002 // The Texas Department of Insurance (TDI) announced that seven people who were arrested in the Houston-area in connection with an alleged scheme to defraud insurance companies by intentionally flooding homes and filing bogus...
Eight Receive 2001, 2002 NAMIC Service Awards
Sep 24 2002 // Due to the cancellation of its 2001 convention after 9/11, recipients of both the 2001 and 2002 NAMIC Service Awards were honored during the business meeting of the 107th convention of the National Association of Mutual...
EIGHT INSURERS EXPOSED TO WESTERN FIRE RISKS
Sep 2 2002 // In seven Western fire-prone states, only eight large property and casualty insurers are exposed to 72.9 percent of the home insurance risk, according to a recent analysis by Weiss Ratings Inc. At year-end 2001, eight...
Twenty Carriers Sign On With IVANS Transformation Station
Aug 28 2002 // IVANS Inc. announced that 20 insurance carriers have now chosen its IVANS Transformation StationT data exchange platform. Those companies that have licensed the platform include Cincinnati Equitable Insurance Co., Donegal...
Two More Law Firms File Class Action Suits Against Aon
Aug 23 2002 // The law firm of Pomerantz Haudek Block Grossman & Gross LLP, which has offices in New York and Chicago, and the Pennsylvania-based law firm of Marc S. Henzel both announced that they have filed legal actions in U.S....
Eight Insurers Exposed to 73 Percent of Homeowners Risk in Western Fire-Prone States
Aug 15 2002 // In seven Western fire-prone states, only eight large property and casualty insurers are exposed to 72.9 percent of the home insurance risk, according to a recent analysis by Weiss Ratings, Inc. At year-end 2001, eight...
Five States Sue Banks in Frankel Case
Aug 7 2002 // Five Southeastern states that lost $200 million to financier Martin Frankel’s reported insurance schemes filed suit against their banks, arguing those institutions should have been prepared for Frankel’s...
Five P&C Insurers License CSC Systems
Jun 26 2002 // California-based Computer Sciences Corporation has put together five new licensing agreements with property and casualty insurers seeking to increase efficiency through packaged application software. The insurers include...
Five States Become Latest to Back AgentSecure’s Web-Enabled Tool for Smaller and Rural Agents
Jun 18 2002 // AgentSecure, a division of InsureZone that provides agents with online access to big-brand P/C and life products through a single-entry, multiple-carrier interface (SEMCI), has received exclusive endorsements from five...
Two Syracuse Men Arrested in Auto Insurance Scam
Jun 13 2002 // The New York State Insurance Department announced the arrest of Eugene Turner and Marcus Jefferson, both of Syracuse, following an investigation into a “staged accident” by the two men. They allegedly rented a...
Two NY Doctors Plead Guity to Insurance Fraud
Apr 12 2002 // Two New York doctors, charged as part of a fraud ring last December, have pleaded guilty to “felony insurance fraud charges admitting to fraudulently embellishing and falsifying their reports of the examinations of...
Six Leading Insurers To Set Up Joint European Venture to Cover Terrorist Risks
Apr 5 2002 // Six of the world’s largest insurance companies announced that they intend to establish a joint venture in Luxembourg, named Special Risk Insurance and Reinsurance Luxembourg S.A. (SRIR), to provide “limited...
Three Insurers Join Trusted Choice National Branding Initiative
Mar 15 2002 // Ohio-based Central Insurance Companies, California Insurance Group and Cascade National Insurance, all regional insurance providers, are the newest company partners for Trusted ChoiceSM—the Independent Insurance...
Twenty-One States Introduce Bills to Ban, Restrict Use of Credit-Based Scoring
Feb 15 2002 // As of Feb. 12, 2002, 21 states have introduced bills that would ban or restrict the use of credit-based insurance scoring according to the National Association of Independent Insurers. On Feb. 13, the Minnesota House...
Three Auto Insurance Bills Get to Colo. House Floor
Feb 6 2002 // Three bills designed to help clarify and simplify the auto insurance process in Colorado, including one that would reduce the number of required options in the no-fault law, have passed the House. National Association of...
Four Driven to Fake Collision Sentenced
Jan 11 2002 // Terry Thomas, 31, a resident of Downey, Calif., was sentenced in Los Angeles Superior Court on Jan. 4, to five years in state prison for his conviction on one count of insurance fraud and one count of conspiracy to commit...
One Man’s Escape From the Destruction of the World Trade Center
Dec 17 2001 // A. Quentin “Skip” Orza II, vice president, RLI EPG, gives his first-hand account of the events of Sept. 11 Although RLI lost its branch office in the World Trade Center as a result of the Sept. 11 terrorist...
One Man’s Escape from the Destruction of the World Trade Center: RLI V.P. Orza gives his firs-hand a
Dec 10 2001 // Although RLI lost its branch office in the World Trade Center as a result of the Sept. 11 terrorist attacks, the company was fortunate to have all its New York branch employees escape safely. And while the Executive...
