Monthly Archives: <span>February 2002</span>

Nationwide Seeks Damages from AXA Over PanEuroLife

Nationwide Holdings is seeking “substantial” damages from France’s AXA Group as a result of the money laundering scandal that affected PanEuroLife, a Luxembourg-based insurer which Nationwide acquired in 1998. The exact allegations of the complaint, which was filed with the …

CGNU Sells Portuguese Unit to Ergo, Expands In Asia with DBS Deal

CGNU, the U.K.’s largest insurance company, continued its planned exit from the European p/c market and its expansion in Asia with the announcement that it would sell its Portuguese property insurance business to Victoria Seguros SA, a subsidiary of Munich …

Plymouth Rock Enters Conn. Auto Market

Boston’s Plymouth Rock Assurance Corp. recently received approval from the Connecticut Insurance Department to begin writing personal automobile insurance in the neighboring state. The company is in the process of selecting independent agency representatives under the direction of VP Eric …

Farmers in Exclusive Program with NY Detective’s Ass’n.

The Farmers Insurance Group of Companies announced that it has developed an exclusive insurance program to be made available to members of the Detectives’ Endowment Association (DEA) of New York City. “This program is made possible through Farmers’ alliance with …

Calif. Governor Signs Bill to Raise Benefits for Injured Workers

Governor Gray Davis on Feb. 15 signed into law a measure, AB 749, sponsored by Assembly Insurance Committee Chairman Tom Calderon (D-Montebello), that will raise workers’ compensation benefits in California by $3.5 billion, according to the American Insurance Association (AIA). …

Calif. Governor Signs Bill to Raise Benefits for Injured Workers

Governor Gray Davis on Feb. 15 signed into law a measure, AB 749, sponsored by Assembly Insurance Committee Chairman Tom Calderon (D-Montebello), that will raise workers’ compensation benefits in California by $3.5 billion, according to the American Insurance Association (AIA). …

Nacht Keynote Speaker at IICF Luncheons

Michael Nacht, Dean of the Goldman School Public Policy at the University of California, Berkeley will be the keynote speaker at the Insurance Industry Charitable Fund’s 2002 Kickoff Luncheons. The Northern California luncheon will be held on Friday, Feb. 22 …

IBA West Urges Delay On Privacy Rules

The California Department of Insurance (CDI) should delay new regulations until the Legislature decides whether or not to substantially change state privacy laws, IBA West testified recently. At a public hearing in San Francisco on new proposed privacy regulations, IBA …

Calif. Governor Signs Bill to Raise Benefits for Injured Workers

Governor Gray Davis on Feb. 15 signed into law a measure, AB 749, sponsored by Assembly Insurance Committee Chairman Tom Calderon (D-Montebello), that will raise workers’ compensation benefits in California by $3.5 billion, according to the American Insurance Association (AIA). …

CNA to Pay $18M for Wrongful Death

According to Associated Press, CNA Insurance has awarded the family of Ana Flores $18 million for the wrongful death of the 36-year-old mother of two. Flores was killed in 1999 by a shard of glass that fell from the 29th …