April 30, 2002
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 …
April 30, 2002
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 …
April 30, 2002
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 …
April 30, 2002
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. …
April 30, 2002
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 …
April 30, 2002
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 …
April 30, 2002
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 …
April 30, 2002
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 …
April 30, 2002
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 …
April 30, 2002
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 …