June 23, 2000
A California Superior Court judge decided Wednesday to reconsider arguments in the Department of Insurance’s case to protect confidential market conduct exams released last year by the Senate. Sacramento Superior Court Judge Joe S. Gray on Wednesday ordered attorneys for …
June 23, 2000
Shareholders of Insurance Services Office have approved changing its corporate charter, enabling Frank J. Coyne to become president and chief executive officer July 1, succeeding Fred R. Marcon, who will remain chairman. ISO shareholders also elected Walter R. Bateman II …
June 23, 2000
International Catastrophe Insurance Managers has named Ed Kelly as its Chief Financial Officer and Senior Vice President with responsibility for all financial planning and reporting activities. ICAT Managers is a Boulder-based managing general agency specializing in providing catastrophe insurance for …
June 23, 2000
Edward Emmer, former head of the corporate finance group, will head the new organization, which is being called the Capital Markets Focus Group until a new name is chosen. Ratings for financial institutions and insurance companies will also be brought …
June 23, 2000
“Generali has agreed to pay all valid unpaid holocaust-related claims at the valuation already established by the International Commission,” World Jewish Congress (WJC) executive director Elan Steinberg, reportedly told Reuters News Agency. The agreement, although not yet official, would give …
June 23, 2000
Lloyd’s will make Menlo Park based Risk Management Solutions’ (RMS’) RiskOnline.com service available to members to track the progress of hurricanes in real time for the rest of the year 2000. Access will be free of charge during July, and …
June 22, 2000
A California judge has frozen the assets of the California Research and Assistance Fund until lawsuits on its disposition are resolved. Affirming an earlier tentative ruling, Sacramento Superior Judge John Lewis granted state Attorney General Bill Lockyer’s request to freeze …
June 22, 2000
June 22, 2000 The state Division of Workers’ Compensation (DWC) and Fremont Compensation Insurance Company entered into a secret settlement of a dispute over fines for the company’s illegal backdating of more than 6,100 claims files, the Workers’ Comp Executive …
June 22, 2000
Dennis McNerny, 53, of Williamsville and Michael Ferguson, 42, of East Amherst are awaiting trial in state Supreme Court on a 35-count indictment charging them with grand larceny, securities fraud and other fraud charges the news service reported. The pair …
June 22, 2000
Commentary By Peter van Aartrijk Jr. Come on, people, he’s personally lost $1 billion as Reliance Group’s majority shareholder. I couldn’t unearth any sorrow. Former Reliance employees are unhappy with their old CEO. Investors have been feisty since last year; …