Insurance News from March 24, 2003
News
New MMC Securities Study Reports Cat Bond Market Reached Record Issuance of $1.2B in 2002
The catastrophe bond market had record issuance in 2002 of $1.2 billion, exceeding the...
International News
Best Lowers Allianz Ratings, Company Denies Report on Asset Sales
A.M. Best Co. announced that it has lowered the financial strength rating to A+...
East News
NYSID Notes Arrest of Camillus Man for Fraudulent Auto Theft Claim
New York's Superintendent of Insurance Gregory Serio announced that an investigation...
West News
Calif. Commissioner Formally Enforces Regulatory Powers Over SCIF
California Insurance Commissioner John Garamendi announced March 21 that California...
Southeast News
AAI Objects to Fla. WC State Fund Proposal
The Alliance of American Insurers (AAI) announced its strong opposition to legislation...
Texas / South Central News
PacifiCare of Texas Signs MOU with Texas AG & TDI
PacifiCare Health Systems Inc. announced its subsidiary PacifiCare of Texas, without...
Midwest News
Ohio Director Shuts Down Reported Fourth Illegal Health Plan
Ohio Insurance Director Ann Womer Benjamin has issued a cease and desist order against...