Howard Stone, president of Gray-Stone & Company announced recently that with the resignation of Denis deBaroncelli, on June 30, 2001, the Thousand Oaks office of Gray-Stone will be making some major management announcements. Stone stated that several promotions will soon …
With workers’ compensation claim costs rising rapidly in California, policymakers look for opportunities to reduce costs without reducing benefits to injured workers. Nearly one in every eight dollars paid for workers’ comp claims is paid for benefit delivery expenses, the …
Aon Corporation launched a Political Risk Exposure Profile (PREP) service that provides customized financial analysis of political threats to a company’s global operations. According to John Minor, senior vice president of Aon Trade Credit, the company’s survey of the Fortune …
The Goss Group Inc., Marsh Inc. and the GMAC Insurance Group announced the establishment of a joint venture company, Goss LLC, to serve the specific insurance needs of automotive suppliers and original equipment manufacturers. The Goss Group, an insurance agency …
Great American Insurance Company’s Executive Liability Division announced new Employment Practices Liability coverage within its ExecPro® series of products. According to the company, the stand-alone ExecPro® Employment Practices Liability Insurance Policy is a state-of-the-art liability policy with broad language and …
Odyssey Re Holdings Corp. reported its second quarter 2001 net income of $21.9 million, an increase of 110.6 percent compared to $10.4 million in the same quarter of the prior year. Catastrophe losses included in the second quarter were within …
The American Insurance Association (AIA) announced that it will host a November seminar in Washington to address the emerging issue of mold. The seminar, to be held November 8 and 9, 2001 at the Omni Shoreham Hotel, Washington, D.C., will …
According to the National Association of Independent Insurers (NAII), rather than address the rampant no-fault fraud that costs New York consumers over a billion dollars each year, the legislature yesterday allowed several key provisions of insurance law to sunset. Joseph …
Victims cannot sue gunmakers when criminals use their products illegally, the California Supreme Court ruled Aug. 6. According to AP Online, the 5-1 decision, which rejects a suit based on the 1993 massacre of eight people in a San Francisco …
The federal government is working to reimburse insurance companies for all claims they paid to their customers for damage caused by the Cerro Grande fires in New Mexico last year. Payments are expected to begin in January 2002. The Federal …
