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

First Floridian Auto and Home Insurance Offering Homeowner Discount

Building a new home better able to withstand Florida’s most destructive natural perils will now earn a discount from one of the state’s insurers. First Floridian Auto and Home Insurance today began offering a homeowners insurance discount of up to …

Reynolds and Reynolds Certifies Mitchell’s Management System Interface

San Diego-based Mitchell International announced that The Reynolds and Reynolds Company has certified Mitchell’s ABS Shop Management System to interface with its ERA® Dealership Management System. The new ABS dealership interface is a bi-directional electronic bridge between ABS, a collision …

ITC Hits the Road with ‘WOW Wheels’

Insurance Technology Consultants Inc. (ITC), which has been developing and supporting comprehensive management and point of sale systems for insurance companies and managing general agencies since 1982, introduced its latest product, “WOW Wheels”. The product utilizes Microsoft’s active server page …

IBHS Congress to Highlight Protecting Against Disasters

“Taking the Lead in Property Loss Reduction” is the theme of the Institute for Business & Home Safety’s 2003 Annual Congress on Natural Hazard Loss Reduction. The event will be held Nov. 12-13, at the Coronado Springs Hotel at Walt …

S&P Revises Norwegian Bluewater Insurance Outlook to Negative

Standard & Poor’s Ratings Services announced that it has revised its outlook on Norwegian marine insurer Bluewater Insurance ASA to negative from stable. However, it affirmed its ‘BBB-‘ long-term counterparty credit and insurer financial strength ratings on the company. “The …

Report Europe’s Insurers Take Cautious Line on Blackout Claims

European Insurers are reportedly adopting a “wait and see” attitude concerning potential claims from the blackout that hit the Northeastern U.S. and parts of Canada last week. Both Reuters and Dow Jones Newswires featured analysis by company spokespersons indicating that …

Pa. Announces Significant Expansion Of Crop Insurance Coverage

Pennsylvania’s Agriculture Secretary Dennis C. Wolff announced that the state’s “AGR-Lite” crop insurance protection program’s maximum policy size has been raised to $250,000, from the original $100,000 ceiling. The program is an improved and streamlined version of the “Adjusted Gross …

NYSID Opens Hotline for Blackout Victims

New York’s Superintendent of Insurance Gregory V. Serio announced that the Insurance Department is available to help New Yorkers whose property or businesses were affected by the blackout in the Northeast last week. “Consumers are encouraged to call the Insurance …

ebix.com Reports Profitable Q2 Results

Atlanta-based ebix.com Inc. reported second quarter net income of $89,000, or $0.04 per share, as compared to net income of $17,000 or $0.01 per share for the second quarter of 2002. Total revenue for the quarter ended June 30, 2003, …

Boots & Coots International Gets Cash Payment

Houston-based Boots & Coots International Well Control Inc. announced it received a payment of approximately $3.88 million from The Prudential Insurance Company of America on August 8. The payment was for short-swing liability under Section 16(b) of the Securities Exchange …