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

PEMCO Poll Says Small Number of Drivers Kick It Into High Gear

According to a PEMCO Insurance survey, the person passing you on the highway well above the speed limit is more likely to have an advanced education and earn a higher income than those traveling at safer speeds. The findings are …

Diversified Product Inspections Forms New Inspection Fee Schedule

Tennessee-based Diversified Product Inspections Inc., a provider of independent product failure analysis, air contamination and fire investigations for the insurance industry, announced that the company plans to implement a new multi-level pricing schedule. This change will reportedly provide the insurance …

Auto Club’s Affiliate Files for 5 Percent Rate Reduction

The Interinsurance Exchange of the Auto Club filed with the state Department of Insurance for an overall 5 percent reduction in its California auto insurance rates. The rate reduction should save Auto Club policyholders an average of $80 per policy. …

S&P Assigns ‘A’ Rating to Atradius Re

Standard & Poor’s Ratings Services announced that it has assigned its “A” long-term counterparty credit and insurer financial strength ratings to Ireland-based reinsurer Atradius Reinsurance Ltd. (Atradius Re; formerly NCM Reinsurance Ltd.), “a core entity of the Atradius group.” The …

ACS Continues 20-Year Relationship with Wash. State to Support Medicaid Program

ACS, a provider of business process and information technology outsourcing solutions, has been awarded a two-year contract extension with the State of Washington to continue to serve as the facilities manager for the State’s Medicaid program. The contract includes one …

Consumer Protections Added for N.J. Drivers

New Jersey Governor James McGreevey took further steps Monday toward a consumer-directed, competitive auto insurance market, announcing the adoption of additional consumer initiatives as part of his auto insurance reforms – a series of consumer protection regulations designed to put …

Insurance Scoring Reportedly Provides Significant Benefits to Fla. Consumers

Insurance scoring is a proven, accurate, objective and consistent risk assessment tool that provides significant benefits to Florida consumers, the Florida insurance industry testified Monday at a Florida Office of Insurance Regulation (OIR) rule development workshop. “As in other states, …

Griffitts and Wilson Become Partners at Thompson Coe

Thompson, Coe, Cousins & Irons LLP announced two new partners, Larry Wilson and Ryan Griffitts. Wilson is a partner in the firm’s Houston office. His practice focuses primarily on the defense of business entities in lawsuits involving environmental, employment, products …

Curley Insurance Group Expands KMC Benefits

KMC Insurance Services Inc., a division of Dallas-based Curley Insurance Group, announced that its benefits division, KMC Benefits, has broadened its capabilities to assist companies in providing health insurance and other benefits to employees. “Due to the rapidly escalating costs …

Fla. CFO Promotes Legislation to Prevent ID Theft

Florida Chief Financial Officer Tom Gallagher on Monday unveiled a proposal to require financial institutions, brokerages, insurance companies and agencies to use greater care when they dispose of consumer records containing personal, financial and medical information. In the past year, …