Monthly Archives: <span>March 2003</span>

St. Paul Cos. Adopts AMS’ TransactNOW

The St. Paul Cos. has adopted TransactNOW technology in partnership with AMS Services, Inc. This new technology gives agents and brokers the ability to process billing and claims inquiry transactions directly from their agency desktops using their own agency management …

WCIRB Recommends 11 Percent Premium Rate Filing

After reviewing year-end 2002 loss experience, the California Workers’ Compensation Insurance Rating Bureau (WCIRB) Actuarial Committee recommended that the WCIRB file a proposed change in pure premium rates with respect to new and renewal policies incepting on or after July …

Senate Repubs Reportedly Bent on Destroying Fla. Tort Reform Efforts

“It appears you no longer have to be a Democrat to be a friend of the trial bar in Florida,” William Stander, government affairs representative in Tallahassee for the Alliance of American Insurers (AAI), said. Stander’s remarks came after the …

Exchange Insurance Under Supervision in Tenn.

The Tennessee Department of Commerce and Insurance announced that in December 2002, Exchange Insurance Company was placed into confidential supervision because of the company’s financial difficulties. The department is now going public with the order because of the need to …

AAIS Gains Approval in Texas for Homeowners Forms

Property/casualty insurers that write homeowners insurance in Texas can now use policy forms developed by the American Association of Insurance Services (AAIS). AAIS is a national advisory organization that develops forms and rating information used by more than 600 insurers …

AAI Applauds Bragg’s Appointment to Terrorism Risk Program

The Alliance of American Insurers (AAI) is applauding the appointment of Jeffrey Bragg as executive director of the Terrorism Risk Insurance Program. “Jeffrey Bragg brings a wealth of expertise to his new position,” said David Farmer, Alliance senior vice president. …

S&P’s Assigns Zenith National Ins. ‘BB+’ Rating

Standard & Poor’s Ratings Services said today that it assigned its ‘BB+’ rating to Zenith National Insurance Corp.’s (Zenith) $110 million 5.75 percent convertible senior notes due 2023, expected to be issued on March 21, 2003. In addition, S&P’s also …

Docucorp, Applied Systems Note Marketing Partnership

Dallas-based Docucorp® International, a provider of enterprise information solutions, announced a marketing partnership with Applied Systems, Inc., a provider in insurance distribution systems. Through this marketing alliance and lead referral relationship, the companies will provide insurers with a comprehensive, end-to-end …

Bill Introduced to Protect Pensions, Benefits of Workers Nearing Retirement

Congresswoman Carolyn McCarthy (NY-4) and Congressman Rob Andrews (NJ-1) today introduced the Employee Benefits Protection Act of 2003, which prohibits employers from forcing employees nearing retirement to become independent contractors, and thus losing their eligibility to receive full pension and …

Toxic Torts Conf. May 1 in Los Angeles

Bridgeport Continuing Education will present The Annual Toxic Torts in California Conference, chaired by Jordan Stanzler- Stanzler, Funderburk & Castelleon, Thursday, May 1, at the Los Angeles Marriott Downtown 333 S. Figueroa Street. The program will address: (1) Both Plaintiff …