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

Crawford & Co. Names New Executive VP for Risk Management Services

Atlanta-based Crawford & Company announced that Annette Sanchez has been named executive vice president of Risk Management Services (RMS), effective immediately. Sanchez joined Crawford in early 2003 as vice president and national sales manager of RMS. Prior to joining Crawford, …

CDS Unveils Fla. Windstorm Mitigation Credit Maps

CDS Business Mapping, LLC a provider in online hazard mapping, has released its Florida Windstorm Mitigation Credit Maps. This is a set of three digital maps for insurers to meet the requirements for the new Florida Windstorm Mitigation Credits program …

Insurers Urge NAIC to Openly Discuss Market Conduct Pilot Project Before Moving On

The property/casualty industry has called on the National Association of Insurance Commissioners (NAIC) to make time on its winter national meeting agenda next month to have a cost-benefit discussion about Phase II of its market conduct annual statement pilot project. …

Progressive Survey Says Teens, Adults Both Confused About Auto Insurance Basics

In a recent online survey of 1,000 teens and 1,000 adults, the Progressive group of companies reportedly found that adults were no more knowledgeable about how their auto insurance works than were teens. “While the adults scored better in some …

Co-operators General Insurance Co. Reports Q3 Profit

Canada’s Co-operators General Insurance Company reported third quarter 2003 consolidated after-tax net income of $10.9 million, compared to the $3.4 million loss for the same period in 2002. Gross written premium in the third quarter increased 10.0 percent to $528 …

buySAFE, The Hartford Unveil First Bonding Service to Guard Against Online Shopping Risks

buySAFE, Inc. and The Hartford Financial Services Group, Inc. have launched buySAFE with The Hartford to address online auction risks. The new service combines the latest advances in technology with the reported proven, centuries-old concept of surety bonds. With online …

Wis. Says Drivers May Not Be Insured for Deer Hits

Auto accidents involving deer and cars, known as deer hits, are reportedly most common in the fall and winter. As a result, Wisconsin’s Office of the Commissioner of Insurance (OCI) is reminding drivers to be careful on the roads and …

Mastermind of N.J. Staged Accident and Fraud Ring Sentenced to State Prison

New Jersey Attorney General Peter Harvey announced that a Mercer County woman charged earlier this year with masterminding a sophisticated “staged” automobile accident ring which operated in the Camden County area has been sentenced to five years in state prison …

Malpractice Rates to Go Up for Some

Despite the passage in September of Proposition 12, which approved a legislative measure designed to lower malpractice insurance rates for doctors, at least two of the five major carriers providing that coverage in Texas reportedly plan to increase their rates. …

Ohio Casualty Group Implements AMS’s TransactNOW

Fairfield, Ohio-based Ohio Casualty Group (OCG) has announced that real-time billing and claim inquiries are now available to its independent agencies through TransactNOW from AMS Services Inc. TransactNOW was introduced in March 2003 and is the newest interface offering from …