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

Wash. State Leaders Aim to Control Med-Mal Insurance Premiums

Washington Gov. Gary Locke, House Speaker Frank Chopp, Senate Democratic Leader Lisa Brown and state Insurance Commissioner Mike Kreidler recently unveiled a proposal to help improve the safety of medical patients and control the cost of medical malpractice insurance for …

PureSafety Grows Driver Safety Suite to Meet Needs of Fleet Owners, Operators

Tennessee-based PureSafety announced that the company has expanded its driver safety course library to help meet the comprehensive training & risk management needs of companies operating motor vehicle fleets of any kind. The seven-course online library is designed to educate …

ACE Donates $1 Million as Part of Five-Year Commitment to Families of Victims of 9/11

The ACE Group of Companies announced that, as part of its five-year commitment to aid the families of victims of the September 11 tragedy in the United States, ACE will be donating $500,000 each to World Vision and The Coalition …

Innovative Risk Management Chooses Duck Creek Technologies for Specialty Program Administration Market

Duck Creek Technologies, Inc., a provider of product management software and services to the insurance industry, announced that Irving, Texas-based program administrator, Innovative Risk Management, Inc. (IRM) has selected Duck Creek’s EXAMPLE Platform. IRM will implement the entire Duck Creek …

First Notice Systems, Guidewire Software Form Partnership to Streamline Claims Handling

First Notice Systems Inc., a provider in claim reporting solutions for the insurance industry, and Guidewire Software, Inc., a provider of claims solutions to property and casualty and workers’ compensation insurers, announced the formation of a strategic alliance that gives …

ADESA Names Hitchcock CFO

ALLETE, Inc. announced that Cameron Hitchcock has been named chief financial officer of Indianapolis-based ADESA, which ALLETE intends to spin-off into a publicly traded company by mid-2004. ADESA will include all of ALLETE’s Automotive Services businesses including Automotive Finance Corporation …

MedCom USA, Inmediata Corp. Ink Agreement on Electronic Claims Processing Network

MedCom USA, Inc., a provider of healthcare/financial transaction solutions for the healthcare industry and Inmediata Corporation of Puerto Rico, a value-added intermediary in the processing, tracking, analysis and management of electronic transactions, have signed an agreement to give MedCom connectivity …

New Calif. P/C Trade Association Formed

A new California state P/C trade association is being formed by a group of small and mid-sized California domestic insurers. The members write homeowners, auto and commercial lines except workers’ compensation and are primarily dependent upon independent agencies to market …

A.M. Best Reaffirms Excellent Rating for ProMutual Group

A.M. Best has reaffirmed its A- (Excellent) rating of ProMutual Group. This rating is based on A.M. Best’s independent opinion of the company’s strong financial underpinnings, overall capitalization, conservative reserve practices and underwriting initiatives. ProMutual Group is the largest provider …

Mass. AG Appeals Auto Rate Increase Decision

Massachusetts’ Attorney General Tom Reilly is appealing the Division of Insurance’s December 15 ruling, arguing that a 2.5 percent increase in the cost of auto insurance is unwarranted and will result in close to $100 million in additional costs for …