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

St. Paul Expands Into Small Business Insurance

The St. Paul Cos. has unveiled a new platform aimed at growing the company’s business with small commercial enterprises. Features of the new approach include a state-of-the-art underwriting technology, enhanced customer service capabilities, flexible and competitive insurance products, and a …

Workers’ Comp Second Injury Fund Sunset Extension Moves to Iowa Senate

The American Insurance Association (AIA) said today that it strongly supports a five-year extension of the law that allows insurer assessments for Iowa’s workers’ compensation second injury fund to be based on paid losses through a premium surcharge. The second …

InsWeb Index Reveals Auto Ins. Rates Increase in 2002

InsWeb Corp. announced the updated results for its Auto Insurance Index based on fourth quarter 2002 data. The Index is designed to identify and track general pricing trends of personal auto insurance. According to data from InsWeb, the index revealed …

S&P’s Rates South China Insurance ‘BBB’; Outlook Stable

Standard & Poor’s has assigned its ‘BBB’ insurer financial strength and counterparty credit ratings to South China Insurance Co. Ltd. The outlook on the counterparty rating is stable. The ratings reflect the company’s satisfactory underwriting performance and strong balance sheet. …

National Survey Shows More Than Half of Adult Americans Support Med-Mal Reform

Recent results of a Wall Street Journal Online/Harris Interactive® Health-Care Poll showed that more than half (58 percent) of adults in America favor new legislation to limit the costs of medical liability and reduce the costs of medical malpractice insurance. …

Truck Driver Charged in $78,500 Workers’ Comp Fraud

New York State Insurance Department Superintendent Gregory Serio, Queens District Attorney Richard Brown, and New York State Workers’ Compensation Fraud Inspector General John Burgher Jr., announced that a truck driver has been charged with reportedly defrauding the State Workers’ Compensation …

REM to Continue Providing Services to Home Insurance in Rehabilitation

Risk Enterprise Management Limited (REM) announced that one of its run-off clients, Home Insurance Company (The Home), was placed into voluntary Rehabilitation pursuant to an Order of Rehabilitation by the Superior Court of New Hampshire. The Order appoints New Hampshire …

NAMIC Reacts to NAR’s Homeowners Allegations

National Association of Mutual Insurance Companies (NAMIC) Federal Affairs vice president, Monte Ward, issued the following statement in response to the National Association of Realtors (NAR) media briefing, regarding access to and cost of insurance as barriers to homeownership. “The …

Ohio Director Terminates Insurer’s COA; Dept. Seizes Control of Peoples Health Plan of Ohio

Ohio Insurance Director Ann Womer Benjamin signed an agreed order terminating the certificate of authority (COA) of Canton-based Peoples Health Plan of Ohio, Inc. The COA is required to operate as a health insurer in Ohio. On March 3, Peoples …

TDI Seeks Owners of Unclaimed $7M

The Texas Department of Insurance is searching for 33,000 Texans, each of whom has a $209.50 check coming as his or her piece of a small insurance company that failed in 1992. The checks total approximately $7 million. People who …