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

Willis Reports on Insurance Marketplace Conditions

Willis Group has also issued a report on market conditions in the industry (see related articles). The international broker said it had reached the following conclusions: — Competitive conditions return to certain segments of the marketplace. — Capacity has grown, …

Conn. Session Nears End with Key Bills Stalled

With a May 5 deadline approaching, Connecticut state lawmakers have yet to finish the major work of the session, such as prison reform, medical malpractice insurance changes, an ethics overhaul and revisions to the next fiscal year’s budget. As of …

Most Midsize Cars Fail Side Impact Safety Test

The Toyota Camry and Honda Accord equipped with optional side airbags are the only inexpensive midsize cars to earn good ratings in side impact crash tests conducted by the Insurance Institute for Highway Safety. The Chevrolet Malibu with optional side …

Assurex Technology Gives Risk Mgrs.24/7 Capability

Assurex Global, the world’s largest privately held risk management, commercial insurance and employee benefits broker group, announced the launch of new software to enhance communication and information-sharing among its independent broker partners and commercial clients around the world at the …

SIAA Network Eyes Major Growth

Already writing $3.1 billion in premium, the 1,400 member independent insurance agency network Strategic Independent Agents Alliance, better known as SIAA, sees itself expanding to as many as 4,000 to 5,000 agencies nationwide over the next five to 10 years. …

Garamendi Returns to Wildfire Areas; 21 Unlicensed Contractors Arrested

California Insurance Commissioner John Garamendi announced Monday that a multi-agency law enforcement task force has netted 21 felony arrests of unlicensed contractors in San Bernardino since the end of the October 2003 wildfires. Standing with various state officials, San Bernardino …

Crawford & Co. Named Vendor for The Hartford

Atlanta-based Crawford & Company announced that The Hartford has chosen Crawford & Company to participate in its preferred vendor program for cause and origin and surveillance claim services. Crawford & Company already participates in The Hartford’s preferred vendor program for …

NALG Retains Independent Counsel in Unauthorized E-mail Investigation

Bradley Wilson, president of Florida-based North American Liability Group announced that in response to unauthorized spam e-mails being sent out about the company by an unknown third party or parties, that the company has retained independent counsel to investigate the …

A.M. Best Upgrades Rating for State Farm Indemnity Co.

A.M. Best Co. has upgraded the financial strength rating to B+ (Very Good) from B- (Fair) of State Farm Indemnity Company (Parsippany, N.J.). The outlook for the rating remains positive. The upgrade and positive rating outlook reflect the company’s enhanced …

Central Texas CPCU Luncheon to Feature Rep. Stick

The Central Texas Chartered Property Casualty Underwriters (CPCU) announced that State Representative Jack Stick will speak on “Battling Insurance Fraud” at the chapter’s April 27, 2004 luncheon. The event begins at 11:30 a.m. at State Farm Insurance Co. offices at …