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

Maine Hopes Resource List Will Aid Homeowners

Maine Superintendent of Insurance Alessandro A. Iuppa has announced a new resource to assist property owners who have had difficulty obtaining insurance for specific types of residential property insurance risks. “It can sometimes be very frustrating for a homeowner to …

Texas Insurance Education Web Site Expands

InsureTexas.org, a consumer education Web site initially developed to help Texans during the state’s homeowner insurance crisis, has been expanded include information about auto insurance and personal financial planning. The Web site, managed by the University of North Texas Financial …

Akzo’s Nobilas to Acquire Aon’s UK Auto Repair Unit

The Netherlands’ Akzo Nobel announced that its Nobilas Claims & Fleet solutions business has agreed to acquire the UK-based Aon Motor Accident Management company (AMAM), which it described as “the number one automotive service provider in the world.” No financial …

S&P Affirms R&SA Puerto Rico ‘BBB’ Ratings

Standard & Poor’s Ratings Services announced that it has affirmed its ‘BBB’ counterparty credit and financial strength ratings on Royal & Sun Alliance Insurance (Puerto Rico) Inc. with a stable outlook. “The ratings reflect the company’s strong capitalization and operating …

Paris Airport Collapse Insurance Recoveries Unclear

A portion of the newly constructed Terminal 2E at Paris’ Charles de Gaulle airport collapsed on Sunday May 23, killing four people, and sending shock waves throughout France. Over a week later the cause of the collapse and its repercussions …

Mass. High Risk Rules on Commissioner’s Desk; Safe Driver Plan Next on Reform Agenda

As expected, last week the governing committee of the high risk auto reinsurance facility in Massachusetts approved rules guiding the pool’s changeover to an assigned risk plan. Commonwealth Auto Reinsurers, known as CAR, sent the rule changes to Massachusetts Insurance …