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05-10 Montemayor Shuts down Two More Health Plans
05-03 Unitrin FAQ for Affected Policyholders
05-02 TDI Rejects 's 12.1 Percent Auto Rate Hike
05-02 Montemayor OKs Fine/Refunds for Race-Based Pricing
04-29 Prompt Pay Blitz Nets Restitution, Fines from 47 Carriers
04-23 Audio TWIA Building Code & HMO Delegation Agreements
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04-16 2002 Texas Title Insurance Agents Statistical Call
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04-16 Audio 4/16 USAA Policy Forms & Endorsements Hearing
04-15 Farmers Insurance Group to Refund Millions to Consumers
04-12 Commissioner's Letter to P&C CEOs - Water/Mold Damage
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04-02 Providers Pay Restitution & Fines | 4/2002 Restitution/Fines
03-29 UPDATED - TDI Legislation Implementation Plan
03-28 Building Code Saving Coastal Homeowners Money
03-27 Another Health Plan Ordered Shut Down
03-22 Agents Warned Against Selling Bogus Health Plans
03-15 Montemayor Warns of Fraudulent Health Plans
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03-08 Montemayor Expands Homeowners Options | Copy of Order
03-07 Judge Blocks Unlicensed Health Plan
03-05 Link to Archived Audio of March 5 Title Hearing
02-28 Wise to Keep Life Insurance Policies with Will
02-26 Clock Ticking for Insurance Refund Checks
02-20 Rate Regulated Companies - Residential Property Insurance
02-15 Provider Ombudsman Summary - Restitution Chart
02-15 Members Mutual Customers Receive $13.8 Million
02-15 Holocaust-Era Claim Deadline Extended | More
02-14 Montemayor Acts to Stop Long-Term Care Rate Spirals
02-13 Montemayor Appoints Top Assistant at TDI
02-12 Companies Writing HO-B Policies for New Customers
01-29 When Life Insurance Premiums Exceed Benefits
01-23 Mile-Based Rating Plan Approved
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01-14 Get Smart About Your Insurance Coverage | Insurance Quiz
01-11 Companies Required to Report Number of Policies in Force
01-11 Mold Task Force Members Appointed | Meeting Notice
01-11 Health Coverage Options for Unemployed Texans
01-02 Homeowner Hearing | New Notice | Old Notice
12-27 Montemayor Warns Homeowners to Read Renewal Notices
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04-29 Prompt Pay Blitz Nets Restitution, Fines from 47 Carriers
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03-22 Restitution - How to File a Complaint
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03-12 Register for 4/16-17 Life, Health Compliance Workshop
02-15 Members Mutual Customers Receive $13.8 Million
02-15 Provider Ombudsman Project - Restitution Paid Chart
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01-24 January 2002 Restitution Summary
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12-27 Montemayor Warns Homeowners to Read Renewal Notices
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11-28 Montemayor Protects Consumer Choice on Mold
11-28 Modified HO-B Q&A | Mold Order | Endorsements
11-02 Aetna Consent Order Summary
10-22 Insurance Resource for Payors
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Insurance Departments
For
All 50 States
Auto liability minimum limits noted
(Web site links provided where applicable)
ALABAMA DEPARTMENT
of INSURANCE
135 South Union Street #200
Montgomery, Alabama 36130
(334) 269-3550
Minimum Limits 20/40/10
ALASKA
DIVISION of INSURANCE
333 Willoughby Ave 9th Floor
Juneau, Alaska 99811-0805
(907) 465-2515
(907) 465-3422 (Fax)
Minimum Limits 50/100/25
ARIZONA DEPARTMENT of INSURANCE
2910 North 44th Street #210
Phoenix, Arizona 85018
(800) 325-2548 (In State)
(602) 912-8444
Minimum Limits 15/30/10
ARKANSAS
DEPARTMENT of INSURANCE
1200 West 3rd Street
Little Rock, Arkansas 72201-1904
(501) 371-2600
Minimum Limits 25/50/15
CALIFORNIA DEPT. of INSURANCE
300 Capital Mall # 1500
Sacramento, California 95814
(800) 927-HELP (In State)
(213) 897-8921
Minimum Limits 15/30/5
COLORADO DIVISION of INSURANCE
1560 Broadway # 850
Denver, Colorado 80202
(303) 894-7499
Minimum Limits 25/50/15
CONNECTICUT DEPT. of INSURANCE
P.O. Box 816
Hartford, Connecticut 06142-08156
(860) 297-3802
Minimum Limits 20/40/10
DELAWARE
DEPT. of INSURANCE
710 North King Street
Wilmington, Delaware 19801
(302) 577-3119
Minimum Limits 15/30/10
DISTRICT
OF COLUMBIA DEPT. of INSURANCE
441 Fourth Street NW 8th Floor
Washington D.C. 20001
(202) 727-8000
Minimum Limits 25/50/10
FLORIDA DEPARTMENT of INSURANCE
200 East Gaines St., Larson Building
Tallahassee, FL 32399
Toll-free in state: (800) 342-2726
(850) 922-3100
Minimum Limits 10/20/10
GEORGIA INS. FIRE SAFETY COMM.
2 Martin L. King Jr. Drive (704 West Tower)
Atlanta, Georgia 30334
(404) 656-2056
Minimum Limits 25/50/25
HAWAII
INSURANCE COMMISSIONER
250 South King Street 5th Floor
Honolulu, Hawaii 96813
(808) 586-2790
Minimum Limits 15/35/10
IDAHO DEPARTMENT of INSURANCE
700 West State Street 3rd Floor
Boise, Idaho 83720-0043
(208) 334-4250
Minimum Limits 25/50/15
ILLINOIS DEPARTMENT of INSURANCE
320 West Washington Street 4th Floor
Springfield, Illinois 62767-0001
(217) 782-4515
Minimum Limits 20/40/15
INDIANA DEPARTMENT
of INSURANCE
311 West Washington Street # 300
Indianapolis, Indiana 46204-2787
(317) 232-2385
Minimum Limits 25/50/10
IOWA
INSURANCE DIVISION
Lucas Bldg. 6th Floor
Des Moines, Iowa 50319
(515) 281-5705
Minimum Limits 20/40/15
KANSAS INSURANCE
DEPARTMENT
420 S/W Ninth Street
Topeka, Kansas 66612-1678
(800) 432-2484 (In State)
(785) 296-3071
(785) 296-2283 (Fax)
Minimum Limits 25/50/10
KENTUCKY
DEPARTMENT of INSURANCE
215 West Main Street
Frankfort, Kentucky 40601
(800) 595-6053 (In State)
(502) 564-3630
(502) 564-1650 (Fax)
Minimum Limits 25/50/10
LOUISIANA DEPARTMENT of INSURANCE
950 North Fifth Street
Baton Rouge, Louisiana 70804-9214
(800) 259-5300 (In State)
(800) 259-5301 (In State)
(504) 342-5900
Minimum Limits 10/20/10
MAINE BUREAU of INSURANCE
34 State House Station
Augusta, Maine 04333
(207) 624-8475
(207) 624-8599 (Fax)
Minimum Limits 20/40/10
MARYLAND
INSURANCE ADMININTRATION
501 St.Paul Place 7th Floor
South Baltimore, Maryland 21202-2272
(410) 333-2521
(410) 333-6650 (Fax)
Minimum Limits 20/40/10
MASSACHUSETTS DIVISION of INSURANCE
470 Atlantic Avenue 6th Floor
Boston, Massachusetts 02210-2223
(617) 521-7794
(617) 521-7772
Minimum Limits 20/40/8
MICHIGAN
INSURANCE BUREAU
611 West Ottawa Street 2nd Floor North
Lansing, Michigan 48933
(517) 335-4978
Minimum Limits 20/40/10
MINNESOTA
DIVISION of INSURANCE
133 East Seventh Street
St. Paul, Minnesota 55101
(612) 296-6848
(612) 296-4328 (Fax)
Minimum Limits 30/60/10
MISSISSIPPI INSURANCE DEPARTMENT
1804 Walter Sillers Bldg.
Jackson, Mississippi 39201
(800) 562-2957 (In State)
(601) 359-3569
(601) 359-2474 (Fax)
Minimum Limits 10/20/5
MISSOURI
DEPARTMENT of INSURANCE
P.O. Box 690
Jefferson City, Missouri 65102-0690
(800) 726-7390 (In State)
(573) 751-2640
Minimum Limits 25/50/10
MONTANA
DEPARTMENT of INSURANCE
126 North Sanders Rm. 270
Helena, Montana 59620
(406) 444-2040
(406) 444-3497 (Fax)
Minimum Limits 25/50/10
NEBRASKA DEPARTMENT of INSURANCE
941 'O' Street # 400
Lincoln, Nebraska 68508-3690
(800) 833-0920 (In State)
(402) 471-2201
Minimum Limits 25/50/25
NEVADA DEPARTMENT
of INSURANCE
1665 Hot Springs Road #152
Carson City, Nevada 89710
(702) 687-7650
(702) 687-7651
(702) 687-3937 (Fax)
Minimum Limits 15/30/10
NEW
HAMPSHIRE INSURANCE DEPT.
169 Manchester Street #1
Concord, New Hampshire 03301-5151
(603) 271-2261
Minimum Limits 25/50/25
NEW
JERSEY DEPT. of BANKING INSURANCE
20 West State Street
Trenton, New Jersey 08625
(609) 292-5363
(609) 984-5273 (Fax)
Minimum Limits 15/30/5
NEW
MEXICO INSURANCE DIVISION
P.O. Drawer 1269
Santa Fe, New Mexico 87504-1269
(505) 827-4601
(505) 827-4734 (Fax)
Minimum Limits 25/50/10
NEW YORK DEPT. of INSURANCE
Empire State Plaza, Agency
Bldg. # 1
Albany, New York 12257
(800) 342-3736 (In State)
(518) 474-6600
Minimum Limits 25/50/10
(50/100 for death)
NORTH
CAROLINA DEPT. of INSURANCE
P.O. Box 26387
Raleigh, North Carolina 27611
(800) 546-5664 (In State)
(919) 733-7343
Minimum Limits 30/60/25
NORTH DAKOTA
DEPT. of INSURANCE
600 East Blvd.
Bismarck, North Dakota 58505-0320
(701) 328-2440
(701) 327-4880 (Fax)
Minimum Limits 25/50/25
OHIO
DEPARTMENT of INSURANCE
2100 Stella Court
Columbus, Ohio 43215-1067
(614) 644-2658
(614) 644-3743
Minimum Limits 12.5/25/7.5
OKLAHOMA DEPT.
of INSURANCE
2401 NW 23rd Street, Suite 28
Oklahoma City, Oklahoma 73107
(405) 521-2828
(405) 521-6635 (Fax)
Minimum Limits 10/20/10
OREGON DEPT. of COMMERCE & BUSINESS INS. DIV.
350 Winter Street N.E. Room 200
Salem, Oregon 97310-0200
(503) 947-7980
(503) 378-4351
Minimum Limits 25/50/10
PENNSYLVANIA DEPT. of INSURANCE
1326 Strawberry Square
Harrisburg, Pennsylvania 17120
(717) 787-2317
(717) 783-8585 (Fax)
Minimum Limits 15/30/5
RHODE
ISLAND INSURANCE DEPARTMENT
233 Richmond Street #233
Providence, Rhode Island 02903-4233
(401) 222-2223
(401) 751-4887
Minimum Limits 25/50/25
SOUTH CAROLINA DEPT. of INSURANCE
P.O. Box 100105
Columbia, South Carolina 29202-3105
(803) 737-6150
(803) 737-6231 (Fax)
Minimum Limits 15/30/5
SOUTH
DAKOTA INSURANCE DIVISION
118 West Capital
Pierre, South Dakota 57501
(605) 773-3563
(605) 773-5369 (Fax)
Minimum Limits 25/50/25
TENNESSEE DEPT. OF COMMERCE& INSURANCE
500 James Robertson Pkwy.
Nashville, Tennessee 37243-0565
(615) 741-2176
(615) 741-4000 (Fax)
Minimum Limits 20/50/10
TEXAS DEPARTMENT of INSURANCE
P.O. Box 149104
Austin, Texas 78714-9104
(512) 463-6464
(512) 475-2005 (Fax)
Minimum Limits 20/40/15
UTAH INSURANCE
DEPARTMENT
3110 State Office Bldg.
Salt Lake City, Utah 84114
(800) 439-3805 (In State)
(801) 538-3800
(801) 538-3829 (Fax)
Minimum Limits 25/50/15
VERMONT
INSURANCE DIVISION
89 Main Street - Drawer 20
Montpelier, Vermont 05620-3101
(802) 828-3301
(802) 828-3306
Minimum Limits 20/40/10
VIRGINIA BUREAU of INSURANCE
P.O. Box 1157
Richmond, Virginia 23218
(800) 552-7945 (In State)
(804) 371-9741
(804) 371-9873 (Fax)
Minimum Limits 25/50/20
WASHINGTON
INSURANCE COMMISSION
P.O. Box 40255
Olympia, Washington 98504-0255
(800) 562-6900 (In State)
(360) 753-7301
(360) 586-3535 (Fax)
Minimum Limits 25/50/10
WEST
VIRGINIA INSURANCE DEPT.
P. O. Box 50540
Charleston, West Virginia 25305-0540
(304) 558-3354
(304) 558-0412 (Fax)
Minimum Limits 20/40/10
WISCONSIN INSURANCE COMMISSION
121 East Wilson Street
Madison, Wisconsin 53702
(800) 236-8517 (In State)
(800) 236-8575 (In State)
(608) 266-3585
(608) 266-9935 (Fax)
Minimum Limits 25/50/10
WYOMING INSURANCE
DEPT.
122 West 25th Street, 3rd Floor East
Cheyenne, Wyoming 82002-0440
(307) 777-7401
Minimum Limits 25/50/20
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Results from search: http://www.capitol.state.tx.us/statutes/intoc.html
Insurance
Insurance Code
TITLE 1. THE INSURANCE CODE OF 1951
CHAPTER ONE-THE BOARD, ITS POWERS AND DUTIES
CHAPTER TWO-INCORPORATION OF INSURANCE COMPANIES
CHAPTER THREE-LIFE, HEALTH AND ACCIDENT INSURANCE
CHAPTER FOUR-TAXES AND FEES
CHAPTER FIVE-RATING AND POLICY FORMS
CHAPTER SIX-FIRE AND MARINE COMPANIES
CHAPTER SEVEN-SURETY AND TRUST COMPANIES
CHAPTER EIGHT-GENERAL CASUALTY COMPANIES
CHAPTER NINE-TEXAS TITLE INSURANCE ACT
CHAPTER TEN-FRATERNAL BENEFIT SOCIETIES
CHAPTER ELEVEN-MUTUAL LIFE INSURANCE COMPANIES
CHAPTER TWELVE-LOCAL MUTUAL AID ASSOCIATIONS
CHAPTER THIRTEEN-STATEWIDE MUTUAL ASSESSMENT COMPANIES
CHAPTER FOURTEEN-GENERAL PROVISIONS FOR MUTUAL ASSESSMENT COMPANIES
CHAPTER FIFTEEN-MUTUAL INSURANCE COMPANIES OTHER THAN LIFE
CHAPTER SIXTEEN-FARM MUTUAL INSURANCE COMPANIES
CHAPTER SEVENTEEN-COUNTY MUTUAL INSURANCE COMPANIES
CHAPTER EIGHTEEN-LLOYD'S PLAN
CHAPTER NINETEEN-RECIPROCAL EXCHANGES
CHAPTER TWENTY-GROUP HOSPITAL SERVICE
CHAPTER TWENTY A-HEALTH MAINTENANCE ORGANIZATION ACT
CHAPTER TWENTY C-STATEWIDE RURAL HEALTH CARE SYSTEM
CHAPTER TWENTY-ONE-GENERAL PROVISIONS
CHAPTER TWENTY-TWO-STIPULATED PREMIUM INSURANCE COMPANIES
CHAPTER TWENTY-THREE-NON-PROFIT LEGAL SERVICES CORPORATIONS
CHAPTER TWENTY-FOUR-FINANCING OF INSURANCE PREMIUMS
CHAPTER TWENTY-FIVE-JOB PROTECTION INSURANCE
CHAPTER TWENTY-SIX-HEALTH INSURANCE AVAILABILITY
CHAPTER 27. HEALTH BENEFIT PLANS FOR CHILDREN
CHAPTER 29. JOINT NEGOTIATIONS BY PHYSICIANS WITH HEALTH BENEFIT PLANS
TITLE 2. TEXAS DEPARTMENT OF INSURANCE
CHAPTER 30. GENERAL PROVISIONS
CHAPTER 31. ORGANIZATION OF DEPARTMENT
CHAPTER 32. ADMINISTRATIVE POWERS AND DUTIES
CHAPTER 33. STANDARDS OF CONDUCT
CHAPTER 34. IMMUNITY FROM LIABILITY
CHAPTER 36. DEPARTMENT RULES AND PROCEDURES
CHAPTER 37. RATEMAKING AND POLICY FORM PROCEEDINGS
CHAPTER 38. DATA COLLECTION AND REPORTS
CHAPTER 39. PUBLIC ACCESS
CHAPTER 40. DUTIES OF STATE OFFICE OF ADMINISTRATIVE HEARINGS AND COMMISSIONER IN CERTAIN PROCEEDINGS; RATE SETTING PROCEEDINGS
CHAPTER 81. GENERAL PROVISIONS REGARDING DISCIPLINE AND ENFORCEMENT
CHAPTER 82. SANCTIONS
CHAPTER 83. EMERGENCY CEASE AND DESIST ORDERS
CHAPTER 84. ADMINISTRATIVE PENALTIES
CHAPTER 85. GENERAL CRIMINAL ENFORCEMENT
CHAPTER 101. UNAUTHORIZED INSURANCE
CHAPTER 102. CHARITABLE GIFT ANNUITIES
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Missouri Department of Insurance
Missouri Department of Insurance
301 West High Street
P.O. Box 690
Jefferson City, Missouri 65102
(573) 751-4126
Bob Holden
Governor
Scott B. Lakin
Director
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MDI
What's New at MDI?
May 9 --Missouri, four other states seek to recoup losses on
Frankel insurers from Vatican, bank, others
Scott B. Lakin of Missouri joined insurance receivers from four other
states in a federal court claim that accused the Vatican, a high-ranking
church official and a church foundation of participating in a money-laundering
scheme operated by banned securities trader Martin Frankel.
The complaint alleges the Vatican entities agreed to establish accounts
at its bank to conceal that Frankel would control insurance companies
purchased with the funds. From 1990 to 1999, Frankel looted those proceeds
from seven insurers he bought, including International Financial Services
Life Insurance Co.; Lakin serves as receiver of that insolvent company,
which was domiciled in Missouri, but operated from Tennessee.
In a related lawsuit, the five states' receivers alleged a Swiss bank
and one of its officers laundered more than $200 million of looted insurance
company money as part of Frankel's scheme. The petitions were filed
under federal racketeering statutes, which allow for treble damages.
Missouri's Lakin and the other receivers are required by state laws
to minimize losses to policyholders and taxpayers from Frankel's activities.
Frankel and many associates already face federal criminal charges in
Connecticut.
Complaint regarding the Vatican, Monsignor
Emilio Colagiovanni and a church foundation
Complaint against Swiss bank and manager
May 9 --Flood insurance available through
federal program; FEMA Web site offers resources on such disasters. Find
out more
May 2 --Gov. Bob Holden announced today that Unitrin Inc. has
agreed to pay thousands of its life and accident insurance policyholders
in Missouri part of a $34 million national settlement because it charged
racially discriminatory prices and failed to pay off multiple policies.
Because of its treatment of largely minority policyholders, Unitrin
also will pay $1.2 million in fines to states nationwide, including
$108,044 to Missouri's school textbook fund, Department of Insurance
Director Scott B. Lakin said. Find
out more.
Missouri SenioRx --The
cost of prescription drugs is rising rapidly, and senior citizens are
at risk because Medicare does not reimburse these expenses. The Missouri
SenioRx Program is a new program to assist seniors with these costs.
Interested seniors can begin the application process and learn more
about the program at http://www.missouriseniorx.com .
For those already age 65, the deadline for applying this year is May
30, 2002. Those who turn 65 later can apply at that time. Eligible seniors
can start using their Missouri SenioRx Card at participating pharmacies
July 1, 2002.
Show-Me Insurance
Use of credit history raises premiums for unsuspecting consumers.
Also see our Credit Scoring
FAQ page.
The Missouri House on April 18 passed its version of HB 1502 that
would prohibit, in most cases, the use of credit scores as the sole
reason for denying coverage or refusing to renew a policy. The bill,
however, does allow insurers to use credit scores, solely or in combination
with other factors, to raise rates, and it does permit the use of
credit scoring as the primary reason for denying coverage. The bill
now goes to the Missouri Senate.
MDI Licensing Wins
Quality and Productivity Award
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Results from search: http://spg.tdi.state.tx.us/
Texas State Planning Grant
Texas
State Planning Grant
04/04/02
The Final Report is
now online in the Publications Section .
02/20/02
January
Conference Materials available
in Publications section
The State Planning Grant (SPG) project at the Texas Department
of Insurance is developing a statewide plan to significantly reduce
the number of Texans without health insurance. The study is funded
by a one-year Federal grant authorized by the Health Resources and
Services Administration.
Texas has already experienced significant success in reducing the
number of uninsured in the state through both public and private
programs:
More than 382,000 children have enrolled in TexCare Partnership,
Texas' Children's Health Insurance Program (CHIP).
The Texas Health Insurance Risk Pool has provided health insurance
benefits to more than 14,000 Texans with illnesses or chronic
health conditions.
The number of small employers offering health insurance has
more than doubled as a result of reforms enacted by the Texas
Legislature.
Measures just adopted in 2001 by the 77th Texas Legislature
will make it easier for eligible Texans to enroll in the state's
Medicaid program.
However, many Texans still lack health insurance. The SPG project
seeks to create a comprehensive, consensus-based plan that will
bring Texas to the next level of health care coverage.
I hope you will take time to browse our web site. Please feel free
to send us your ideas, questions and concerns .
We look forward to hearing from you as we find new ways to bring
health insurance to uninsured Texans.
Sincerely,
Jose Montemayor
Commissioner of Insurance
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Lawson v. Dallas County et
al., __ F.3d __, 2002 WL 389985 (5th Cir. No. 00-11078,
March 28, 2002)
Van v. Anderson, 2002 WL
373566 (N.D. Tex, March 7, 2002)
29 March 2002 Legal Updates
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Results from search: http://www.insurancejrnl.com/
InsuranceJournal.com
NATIONAL
May
14, 2002
NCCI
Holdings Inc. Says Workers' Comp Market Remains Difficult
NCCI Holdings, Inc., delivered its "State of the Workers Compensation
Insurance Line" presentation to an estimated 500 insurance executives
at the NCCI Annual Issues Symposium (AIS) in Orlando, Fla., claiming
the state of the workers' comp market remains tough with early 2001
results indicating one of the year's worst performances in the market's
history.
(go
to story)
May
14, 2002
The
St. Paul Companies Unveils New Underwriting Operation for Large,
National Property Accounts
The St. Paul Companies has formed a new underwriting operation that
will target large national and regional property risks in the U.S.
(go
to story)
May
14, 2002
Zurich
North America Offering Group Legal Expense Coverage
Zurich North America is now offering group legal expense insurance
benefits to companies with 500 or more employees. (go
to story)
WEST
May
14, 2002
Colo.
Legislature Acts to Extend No-Fault Law One Year as Session Ends
During
the hectic final days of its 2002 session, the Colorado Legislature
passed legislation extending the sunset of the no-fault auto insurance
law to July 2003. (go
to story)
May
14, 2002
American
Strategic Insurance Selects Resonate Commander Solutions for Applications
California-based
Resonate Inc., a provider of management solutions for business-critical
applications, announced that American Strategic Insurance has selected
Resonate Commander SolutionsT to ensure quality end-user experience
for insurance brokers accessing its internal applications. (go
to story)
May
14, 2002
Modesto,
Calif. Man Surrenders on Fraud Charges
Investigators
with the California Department of Insurance (CDI) Criminal Investigations
Branch's Fraud Division arrested a Modesto man on two counts of
insurance fraud.
(go
to story)
SOUTH
May 14, 2002
Insurers
under Investigation Donate to Texas GOP AG Candidate
Farmers
and Allstate, under investigation along with by the Texas
attorney general's office for alleged deceptive homeowners market
practices, reportedly participated in a fund-raiser for Republican
attorney general candidate Greg Abbott in Austin. (go
to story)
May
14, 2002
Hilb,
Rogal and Hamilton to Acquire Hobbs Group
Virginia-based
Hilb, Rogal and Hamilton Company (HRH) has agreed to acquire the
Hobbs Group LLC, an Atlanta-based independent insurance broker.
(go
to story)
May
14, 2002
HCC
Reports 50 Percent Earnings Growth for 1stQ 2002
Houston-based
HCC Insurance Holdings Inc. of Houston has noted a record increase
for its first quarter numbers. (go
to story)
EAST
May
14, 2002
PIANJ
Gives Support to 'Bank Parity' Proposal
The Professional Insurance Agents of New Jersey issued a statement
supporting the New Jersey Department of Banking and Insurance for
its proposed regulation implementing the Parity Act, which amended
the powers of state banks, savings banks and their subsidiaries
to be consistent with new powers granted to federal banks by the
Gramm-Leach-Bliley Act. (go
to story)
May
14, 2002
MIIX Reorganization Endorsed by InterMedix
Even
as it winds down its 25 year life as one of New Jersey's leading
medical malpractice insurers (See IJ Website May 10 and 7), the
Lawrenceville based MIIX Group is receiving new support for the
resurrected, physician-owned, company it hopes to have up and running
by August. (go
to story)
May
14, 2002
Harleysville Named in Top 100 for Info Tech Employees
Information
Technology employees appreciate working for Pennsylvania's Harleysville
Insurance, one of the country's top ranked small commercial lines
underwriters. It's been named by IDG's Computerworld as one of the
100 "Best Places to Work in IT" in the United States. (go
to story)
MIDWEST
May
14, 2002
Iowa
Gov. Vetoes Bill That Would Have Spared Insurers From Paying Twice
for Injury
Iowa
Gov. Tom Vilsack has vetoed a bill that would have remedied a court
ruling that requires insurers to pay again for a first injury when
a worker suffers a second injury.
(go
to story)
May
14, 2002
Amerisure
Names Whyte to Board of Directors
Michigan-based
Amerisure Mutual Insurance Company named Bettina M. Whyte of Jay
Alix & Associates Inc., New York, to the company's board of directors.
(go
to story)
INTERNATIONAL
May
14, 2002
AXA's
Q1 Total Revenues Rise 1.9% to $19.2 Billion
France's
AXA Group reported that consolidated revenues for the first quarter
rose 1.9% to € 21.1 billion ($19.2 Billion) compared with the
prior year period, largely driven by a hefty 24.3 percent rise in
international insurance sales which surged by € 691 million
($628 million) to € 2.71 billion ($2.463 billion). (go
to story)
May
14, 2002
S&P Removes Lloyd's from CreditWatch, Affirms 'A-' Rating
Standard
& Poor's announced that it has removed the Lloyd's insurance market
from CreditWatch, where it was placed on Sept. 20, 2001, and has
affirmed its single-'A' insurer financial strength rating. (go
to story)
May
14, 2002
Zurich Names James Schiro as New CEO
Zurich
Financial Services announced that James Schiro it has been appointed
as its new CEO effective May 17. (go
to story)
May
14, 2002
Arch Capital Notes Significant Q1 Changes
Bermuda-based
Arch Capital Group issued a statement concerning its Q1 earnings
report reflecting the changes in capitalization and strategy that
it has undertaken during the past year. (go
to story)
May
14, 2002
XL's Reinsurance Units Launch New Website
XL
Re Ltd, XL Re Latin America LTD, Le Mans Re and XL Reinsurance America,
Inc., the reinsurance operations of Bermuda's XL Capital LTD, announced
the launch of their new joint website: http://www.xlre.com . (go
to story)
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