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

Nev. Contractors Insurance Expands to Offer More Workers’ Comp

Nevada Contractors Insurance has expanded its operations to offer workers’ compensation to contractors in New Mexico. The company, which is Nevada’s second largest insurer for workers’ comp insurance, began as a self-insured group in 1995 and grew to become the …

IBA West Promotes Oliver, Cohrs

California-based IBA West announced the promotions of Ann Oliver to Vice President of Member Services and Constance Cohrs to Membership ServicesManager. “Under Ann’s direction, IBA West has substantially improved service to members,” IBA West CEO Jerry O’Kane commented. “Ann and …

Supreme Court Denies Insurers from Challenging Quake Claims Law

The Supreme Court denied a challenge to state law to stop California earthquake victims from refiling homeowners claims in retrospect to the 1994 Northridge earthquake, according to the Associated Press. The law, which was countered by 21st Century in a …

MJM Investigations Tabs Top Insurance Investigation Executives

MJM Investigations, Inc, a nationwide private investigation firm providing innovative investigative solutions to the insurance industry, appointed Bob Smith as Director of Investigations for the Midwestern United States and Kevin O’Connor as Director of Investigations for the Northeastern United States. …

Royal and SunAlliance Investigates Alleged Fraudulent Use of Name

Royal & SunAlliance USA announced that it is investigating the unauthorized and apparent fraudulent use of its name to offer various insurance and financial products through print advertisements and the Internet. The move stems from allegations that a group of …

PIA Applauds Oxley Letter to Treasury Secretary Objecting to OCC Actions on Preemptions

The National Association of Professional Insurance Agents is applauding a letter sent by House Financial Services Committee Chairman Michael G. Oxley (R-Ohio) to Treasury Secretary Paul O’Neill that asks O’Neill to change the way the Office of the Comptroller of …

The St. Paul Companies Tabs Shader for V.P. Role in Small Commercial

The St. Paul Companies named Scott Shader vice president of underwriting and product development for Small Commercial. Shader will be responsible for product development, marketing strategies and underwriting direction for Small Commercial, and he will monitor and address trends in …

La Fondiaria Shareholders’ Meeting May Be Postponed

From news reports it appears likely that today’s shareholders’ meeting of Italian insurer La Fondiaria will probably be postponed until the end of May due to the lack of a quorum. The meeting promised to produce some fireworks. Fondiaria has …

Michael Wade’s Appointment as Brit Director May Signal Consolidations at Lloyd’s

According to a report in London’s Financial Times the appointment of Michael Wade, the CEO of Rostrum, an investment management group, as a director of Brit Insurance may be a signal that further consolidation in the London insurance market is …

XL Reports Q1 Rise from Operations, But Investment Losses Hit Net Income

Bermuda-based XL Capital Ltd reported that its net income for the first quarter ended March 31 was $89.5 million, or $0.65 per share, compared with $218.9 million, or $1.73 per share, in the first quarter of 2001, a 59 percent …