Markets/Coverages News

Five States Become Latest to Back AgentSecure’s Web-Enabled Tool for Smaller and Rural Agents

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 more state-based organizations affiliated with the Independent Insurance Agents & Brokers …

Insurity Licenses Software to First American Corp.

Insurity, a ChoicePoint® company, has signed First American Insurance Company to a multi-year software licensing agreement. First American will use Insurity’s Commercial Intellisys® platform to process general liability and commercial auto coverage for a school bus program, underwritten by Alternative …

NYSID Completes On-line Licensing Program

The New York State Insurance Department has completed its licensing modernization initiative, giving agents and brokers the ability to apply for original licenses or renew existing ones via the Internet. The NYSID’s announcement indicated that, “As with the other on-line …

Farmers Offers Auto Policy Discount in Virginia

Farmers Insurance Group announced that it will offer special discounts on its auto insurance rates to Virginians who also have a Farmers New World Life Insurance Company policy. “The discount is part of an effort by Farmers to provide its …

Texas GOP Lawmakers Give Word on Rate Regulation Bill

A key Senate lawmaker says Texas homeowner insurance rates should be regulated by the state, promising to put forth a bill in the next session to get a handle on rising premiums. Sen. Troy Fraser, a Republican, said that homeowners …

CRM Course an Option for CIC Designation

Professionals seeking to attain the designation of Certified Insurance Counselor (CIC) now have a new option. The CIC designation, which is currently earned by completing five CIC institutes and examinations, will accept a Certified Risk Managers (CRM) course in place …

PIA Panel Gives Views on Hard Market

The combined meeting of the Professional Insurance Agents of New York and New Jersey, recently held in Atlantic City, heard a number of views from a panel of experts on the current state of the insurance market. The panelists included …

Swiss Re Publishes Study on Latin American Insurance Industry

Swiss Re has released its latest “sigma” study, which examines the insurance industry in Latin America emphasizing the growth potential of the region, but warning of the necessity to increase profitability. Sigma 2-2002 cited three main areas “impacting the Latin …

Lloyd’s Selects Lord Levene as New Chairman

For the first time in over 300 years Lloyd’s of London will be headed by a Chairman from outside the London Insurance Market, as the Council of Lloyd’s announced the selection of Lord Peter Levene of Portsoken, currently Vice-Chairman of …

Golden Eagle Withdraws from Workers’ Comp

“Golden Eagle Insurance will non-renew the company’s small book of workers’ compensation policies, starting with policies that have an effective date of August 1, 2002,” wrote Golden Eagle Insurance Company’s general counsel Tim Lickness in a press release. The release …