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

Lloyd’s Chairman Warns on “New Era of Risk”

Speaking to business leaders in San Francisco at the World Affairs Council, Lloyd’s Chairman Peter Levene warned that new global risks increasingly threaten corporations, and need to be addressed at the boardroom level. Calling the situation a “New Era of …

Title First Jumps Into P/C Business

Columbus, Ohio-based Title First Agency Inc., a leading title insurance agency and real estate information company with offices throughout Ohio, Indiana, Kentucky, Michigan and West Virginia, announced the launch of Insurance First Agency Inc., a full-service independent property/casualty insurance agency …

CCC Reports Flat Q1 Earnings

Chicago-based auto claims software maker CCC Information Services Group Inc. reported net income of $6.2 million, or 22 cents per share, for the first quarter of 2004, compared to net income of $6 million, or 22 cents per share, for …

Trade Association Elects Hammond as Chairman

The Institute for Business & Home Safety (IBHS) has elected Dale Hammond as its chairman. Hammond is president and chief operating officer of Kemper Auto and Home, A Unitrin Company, based in Jacksonville, Florida. He was previously vice chair of …

NAMIC Disappointed Georgia Fails to Pass Tort Reform

An official of the National Association of Mutual Insurance Companies (NAMIC) said that his organization is disappointed that Georgia lawmakers were unable to enact significant tort reform legislation this year related to the state’s medical malpractice liability crisis. “It is …

Florida Surplus Lines Convention Takes a Cruise

The Florida Surplus Lines Association announced it will hit the waves at its 44th Annual Convention, July 29 – Aug. 2, 2004. For the first time, the convention will take place on a four-night cruise out of Ft. Lauderdale, Fla. …

Study Shows Commercial Property, GL Rates Falling

The costs for two major commercial lines insurance fell in the first quarter of 2004, according to a RIMS Benchmark Survey. In the first quarter of 2004, premium prices for property insurance fell by about 1.5 percent. General liability insurance …

Conning: Bigger Dollars, Fewer Insurance Industry M&As

Mergers and acquisitions in 2003 and 2004 in the insurance industry reached the highest level since 1998 in dollar terms, even while the total number of transactions continued its long decline since the same year, according to a study by …

Michigan Coalition Promotes Tobacco Tax Increase

A new Michigan coalition called the Health Leaders Alliance (HLA) announced it formally supports House Bill 5632, sponsored by Representative Larry Julian (R), which includes Governor Granholm’s proposal for a 75 cent tobacco tax increase. The coalition, whose battle cry …

National Alliance Ethics Course Now Online

The National Alliance for Insurance Education & Research, based in Austin, Texas, recently launched an all-new online ethics course, called Legal and Ethical Requirements of Insurance Professionals, also known as Ethics OnLine. Ethics OnLine was designed to meet the escalating …