Monthly Archives: <span>January 2004</span>

Va. Bureau Encourages Residents to ‘Get Smart’ About Coverage

There’s reportedly no time like the present to “get smart” about your insurance coverage whether it’s for home, health, life, auto or business. Many Virginians learned that lesson during the past year after the Commonwealth was hit by a slew …

LDI to Hold P/C Insurance Summit

The Louisiana Department of Insurance announced it is holding a property/casualty insurance summit, “We’re Taking the Politics Out Of Insurance,” on Jan. 14, 2004. The summit, hosted by Insurance Commissioner J. Robert Wooley, will focus on current issues in the …

Progressive Survey Highlights Insurance Needs for New Car Owners

Ask a new car owner whether his or her vehicle has front or rear wheel drive, how many cylinders are in the engine, or where the airbags are located and they’ll tell you all about it. Ask them how much …

Allstate Seeks $3.5 Million in Medical Fraud Lawsuit Against Calif. Chiropractor

Allstate Insurance Company and Allstate Indemnity Company began serving summons and complaints upon an Los Angeles County chiropractor and his wife, accusing them of taking part in schemes designed to defraud the companies. Paul Yan, DC, Winnie Yan and Paul …

DM&A to Handle Claims for New Calif. Auto Program

Los Angeles-based claims administrator David Morse & Associates will be handling all claims for a new non-standard auto insurance program being sold in California by Sun Coast General Insurance Agency. As part of the coordinated effort to provide superior service …

ACE Tempest Reinsurance Ltd. First to Integrate AIR’s Catastrophe Loss Modeling Technology for its Underwriting Software

ACE Tempest Reinsurance Ltd. (ACE Tempest Re) and AIR Worldwide Corporation (AIR) announced the first implementation of an innovative toolset, CATools, which reportedly significantly increases the efficiency of the underwriting and risk management process through the seamless integration of catastrophe …

A.M. Best Places Zurich Specialties London Ltd. Under Review; Negative Implications

A.M. Best Co. has placed the financial strength rating of A (Excellent) of Zurich Specialties London Limited (ZSL) (United Kingdom) under review with negative implications. The rating action reflects A.M. Best’s need to re-evaluate ZSL’s claims reserves position following significant …

IIABA Notes Legislative Agenda for New Year

With the start of the New Year and the beginning of a new session of Congress only a few weeks away, the Independent Insurance Agents and Brokers of America (IIABA) is rolling out its legislative agenda for 2004. Top issues …

Oxendine: Thousands of Georgia Consumers Helped in 2003; $20.5 Million in Insurance Claims Recovered

In 2003, Insurance Commissioner John Oxendine’s Consumer Services Division reportedly helped tens of thousands of Georgia consumers settle disputes with their insurance companies, returning $20.5 million in insurance claims to these consumers, money they might not have received without his …

Insurers Meet with ACA to Improve Relations

Continuing to build an infrastructure between the insurance industry and the chiropractic profession, the American Chiropractic Association (ACA) recently participated in the latest in a series of conferences with leaders of several major insurance groups. Known as the Claims Solutions …