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

Unitrin, CSC Conclude Outsourcing Contract

Calif.-based Computer Sciences Corporation announced a seven-year agreement with Trinity Universal Insurance Company, a subsidiary of Unitrin, Inc., to provide Unitrin Multi Lines Insurance’s commercial lines of insurance with business process outsourcing (BPO) and Internet-based services. Unitrin Multi Lines Insurance …

ACE USA Names Guitian VP Mktg. Accident & Health

ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, announced that Thomas Guitian has been appointed Vice President, Marketing for ACE USA Accident & Health. Guitian will be based at the company’s headquarters in Philadelphia, with …

ACE Limited Appoints Ringsted Chief Actuary

Bermuda’s ACE Limited announced the appointment of Sean Ringsted as Chief Actuary for the ACE Group of Companies, effective immediately, subject to the approval from the Bermuda Department of Labour and Immigration. He reports directly to ACE CFO Phil Bancroft, …

S&P Affirms Sistema Mapfre Group ‘AA’ ratings

Standard & Poor’s Ratings Services announced that it has affirmed the “AA” long-term counterparty credit and insurer financial strength ratings on Mapfre Mutualidad de Seguros y Reaseguros a Prima Fija (Mapfre Mutualidad), the main operating entity of Spanish insurance group …

N.J. Panel Recommends Motor Vehicle Fine Adjustments

New Jersey Governor James E. McGreevey announced the recommendations by his Task Force on Motor Vehicle Fines, which put forth several proposals including adjustments to the penalties for not having proper insurance under the current Auto Insurance Reform Law. After …

Complaints to Wisconsin DOI Down 17%

According to the 2003 Insurance Complaints and Administrative Actions report, nearly 8,000 consumers contacted Wisconsin’s Office of the Commissioner of Insurance (OCI) last year to file a complaint, down 17 percent from the 9,265 complaints it received in 2002. The …

Sen. Clinton, Bipartisan Coalition Ask USDA to Improve Apple Crop Insurance

New York Senator Hillary Rodham Clinton has joined with her Senate colleagues in a bipartisan campaign to improve crop insurance coverage for all apple growers in New York and across the country. In a letter to Agriculture Secretary Ann Veneman, …

AIA Commends Passage of Miss. Tort Reform Bill

On Thursday, the Mississippi House of Representatives voted 76-38 to concur with the Senate-passed version of HB 13, comprehensive tort reform legislation that should bring stability and predictability back to the state’s civil justice system, according to the American Insurance …

S.C. Lawmakers Back Homeowners’ Flex-band Rating

Concurring with a series of House amendments, the South Carolina State Senate approved a bill Thursday that creates a flex-band rating bill for homeowners’ insurance, similar to that enacted for the state’s auto market in 1999. The bill now goes …

Seven Indicted for Fraud in Travis County, Texas

The Travis County (Texas) District Attorney’s Office announced that a Travis County Grand Jury returned indictments charging seven people with the felony offense of unauthorized insurance. The Insurance Fraud Section of the District Attorney’s Public Integrity Unit is prosecuting the …