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

DataPath to Serve as HSA Administrator for Arkansas

DataPath Inc., a Little Rock, Ark.-based provider of software solutions for employee benefits, announced it has been named as the Health Savings Account (HSA) Administrator for the State of Arkansas for the 2005 and 2006 benefit plan years. DataPath was …

IIANC Ships Goods to Troops in Iraq

The Independent Insurance Agents of North Carolina (IIANC) along with independent agencies and companies around the state have begun a campaign to send supplies to our troops in Iraq. To date more than 50 boxes have been shipped to service …

AIR’s Severe Thunderstorm Model Key Component to New Peril-Based Fla. Homeowners Rates

For the first time, homeowners rates that include a severe thunderstorm component based on sophisticated catastrophe modeling have been included as part of a rating plan subject to approval by state regulators. Florida Farm Bureau’s 2003 Homeowners rate filing included …

Arkansas A.G. Warns About Paving Scams

Arkansas Attorney General Mike Beebe is alerting Arkansans to a common scam already returning to Arkansas this spring. Every year, men with asphalt trucks drive through Arkansas towns with offers of deeply-discounted, one-time-only deals for re-surfacing driveways or other paving …

InsWeb Unveils Q1 Report

California-based InsWeb Corp. announced results for the first quarter ended March 31, 2004. Revenues for the first quarter totaled $4.1 million, compared to $7.5 million in the first quarter of 2003. InsWeb’s net loss for the quarter was $2.0 million, …

Ga. Commissioner Reminds Residents of Arson Dangers

Marking the start of National Arson Awareness Week (May 2-8), Georgia Insurance and Safety Fire Commissioner John Oxendine is reminding Georgians that they can get personally involved in the fight against the crime of arson. “Juvenile Firesetting: The Preventable Arson,” …

RMS Study Shows Risk From CAT Events for WC, Life, Health Insurers

Risk Management Solutions Inc. (RMS), a provider of products and services for catastrophe risk management, released the findings of an in-depth study that provides workers’ compensation, life, and health insurers with key benchmarks for the potential risk of human casualties …

AIG Launches BusPlus for School Bus Operators

The AIG Companies announced the introduction of BusPlus(SM), described as “a new umbrella liability insurance package that offers excess auto liability insurance coverage, sexual misconduct liability coverage and terrorism protection under one policy for schools, municipalities and private bus companies …

U.S. Treasury Department Selects Benfield’s Paragon to Administer Terrorism Risk Insurance Program

Independent reinsurance intermediary Benfield announced that the U.S. Treasury Department has selected its subsidiary, Paragon Strategic Solutions Inc., a provider of reinsurance administration and asset recovery services, as the Administrator and Statistical Agent for the Terrorism Risk Insurance Program (TRIP) …

Willis Reports Record Q1 Results – $148 Million Net

Global insurance broker Willis Group Holdings Limited has reported record results for the quarter ended March 31, 2004. Net income was $148 million, or $0.87 per diluted share, compared with $117 million, or $0.69 per diluted share in the same …