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

ICT Reminder Details New Laws Taking Effect in January

The Insurance Council of Texas issued a reminder that new insurance legislation affecting the use of credit scores, water damage claims and the regulation of public adjusters is being put into place in Texas in 2004. The ICT noted that …

New Med-Mal Insurer to Begin Covering Ohio in January

Ohio Department of Insurance Director Ann Womer Benjamin announced that OHA Insurance Solutions (OHAIS) Inc. has been licensed to begin selling medical liability coverage statewide to a limited number of physicians starting Jan.1 and to hospitals starting in March. Created …

Humana to Acquire Ochsner Health Plan of Louisiana

Humana Inc. announced that its subsidiary, Humana Insurance Company, reached a definitive agreement with the Ochsner Clinic Foundation of New Orleans, La., to acquire all of the outstanding shares of common stock of Ochsner Health Plan. Ochsner Health Plan is …

P/C Industry’s Net Income Surges, But Slowing Premium Growth May Hamper Further Progress, Says III

According to results released by the Insurance Information Institute, the U.S. property/casualty industry’s net income after taxes rose to $21.1 billion in the first nine months of 2003 from $5 billion through nine-months 2002, as both underwriting and investment results …

Joey Buttafuoco Among 11 Charged With Auto Repair Fraud

Nine owners or employees of area auto repair shops were arrested and charged with auto insurance fraud following a lengthy investigation by a multi-agency task force headed by the District Attorney’s Bureau of Investigation, District Attorney Steve Cooley announced in …

IIAT Gearing Up for Annual Joe Vincent Seminar

The Independent Insurance Agents of Texas announced that more than 350 of the state’s most progressive and influential agency principals and managers will gather for its Joe Vincent Management Seminar Jan. 25 – 27, 2004, at the Renaissance Austin Hotel. …

ProCentury Files Statement for IPO

Columbus, Ohio-based ProCentury Corporation (ProCentury) announced it has filed a registration statement with the Securities and Exchange Commission for an initial public offering of its common shares. ProCentury is a specialty property and casualty insurance holding company that markets and …

Ohio Casualty Director Resigns

Ohio Casualty Corporation announced that Myra C. Selby of Indianapolis, Ind., has resigned from its Board of Directors. Selby, who was named a director of the Board on Aug. 21, 2003, indicated her resignation was appropriate due to a conflict …

200 Feared Dead in Philippine Landslides; Ferry Reported Missing

Torrential rains in the Central Philippine Islands of Leyte and Mindinao caused a series of mudslides, beginning Friday night, in which an estimated 200 people have reportedly lost their lives. Authorities also fear another tragedy in the region as a …

AssuranceAmerica Expands in So. Carolina

Bud Stumbaugh, CEO of AssuranceAmerica Corp. announced that its subsidiary, AssuranceAmerica Insurance Company, a P/C insurer that focuses on the nonstandard private passenger automobile market, will commence writing business in South Carolina later this month. “We are very excited to …