News

NEW YORK - Standard & Poor has affirmed its double A-minus counter-party credit and financial strength rating on CMG Mortgage Insurance Co. CMG Mortgage Insurance Company was recognized for its 60% share in the credit union mortgage insurance market, support form its parent companies and strong operating performance. According to...

FORT WORTH, Texas -State National Companies, a privately held group of insurance companies specializing in credit unions, has named Shirley McFarlane, credit life and disability specialist. Created in response to client requests for more specialty insurance products, McFarlane's position will support the company's latest market expansion efforts for its credit...

NEW YORK - Property and casualty agents can now head online to renew their license. Building on last year's success in online license renewals for life, accident, and individual health insurance agents, New York has expanded the program to include property/casualty agents. The New York Insurance Department hopes that the...

ST. Paul, Minn.-Minnesota Life Group Insurance has reported a 96% increase in new annual premium for 2001. In addition, the company retained 96% percent of its existing clients. "This is our sixth consecutive year of outstanding sales results," said James E. Johnson, senior vice president, Group Insurance. "While growth rates...

BOCA RATON, Fla. - Completing its first full year, the Credit Union Service Organization Members Insurance Services, L.L.C. is slowly picking up speed. "Our game plan was to be profitable in less than five years," said Members Insurance Services Board President Barry Hughes. "Now even in a worse case scenario-we...

Credit unions need to know what's on the minds of the bankers. On page 38 readers will find coverage of the America's Community Bankers recent GAC held in Washington. Credit unions came up on a number of occasions, but the banking group says it has bigger fish to fry.