Warrants legal relationship with the insurance sector
Georgia Insurance Commissioner John W. Oxendine of last week’s suspension of the St. Paul Cos. Inc. ‘assurance to the letter a qualified certificate in the state, and has classified insurers to renew the policy established medical 1262, he had tried not to renew.The order came to move in response to St. Paul’s recent announcement that it was not recorded in writing medical insurance on an admitted basis in Georgia, who would write reports on a surplus lines basis, free to follow the scales approved, he claims, are insufficient. The insurer said it may be similar measures in other countries where they lose money in the economy (BI, June 11). St. Paul’s insurance license in the state, would be suspended for a period of three years, beginning September 1 for all lines, except for the renewal of existing policies, the insurance division said. The Division said it would maintain St. Paul, under strict control. A statement from St. Paul, registration Mr Oxendine’s move “ ein”Empörung and said it would go against the decision in court. The insurer said that for every $ 1 it has received health care in the art of errors premiums in Georgia, they paid $ 1.79 in receivables. Mr. Oxendine said last week that Paul is not an increase in medical activity detected in the state since March 2000, they obtain permission to increase rates 9 2%.
FRENCH execs interviewed Claude Bebear, former chairman of the french group insurance giant AXA and one of the best known.
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