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

N.Y. Governor, Insurance Superintendent Address Jewish Insurance Concerns

New York Governor George Pataki and Superintendent of Insurance Gregory Serio announced a meeting with leaders of the Jewish community, the Governor’s Office of Community Affairs and the Insurance Superintendent on Sept. 4, 2002 to discuss insurance issues affecting the …

Chubb Hosts Security Seminar for N.J. Police

The Chubb Group of Insurance Companies announced it has completed a two-day security evaluation seminar for New Jersey police and emergency service officials. The seminar was intended to assist law enforcement and other agencies in conducting security surveys of both …

ACE to Sponsor N.Y. Firefighters at World Firefighters Games

The ACE Group of Companies announced it will provide funding for 20 New York City firefighters to compete in the World Firefighters Games in New Zealand. While in New Zealand, the participating New York City firefighters will also be guests …

Contractors Protest at Florida Workers’ Comp Commission Meeting

Florida contractors mounted a protest at a meeting with the Governor’s Commission on Workers’ Compensation, insisting that a new law requiring all workers to be covered by workers’ comp on commercial construction projects will drive them out of business. According …

Bloodworth Added to ProAssurance Board

ProAssurance Corporation of Birmingham, Ala. announced that Lucian F. Bloodworth has been elected to the company’s Board of Directors. ProAssurance chairman A. Derrill Crowe said that Bloodworth’s unique perspective and wealth of insurance industry experience will be an asset to …

TWCC Fee Schedule Halted by Travis County Judge

The new medical fee guideline approved by the Texas Workers’ Compensation Commission (TWCC) last spring and scheduled to go into effect Sept. 1 was temporarily stayed by a Travis County judge. According to the Austin American-Statesman, Judge John Dietz made …

Insurers Seek Higher Rates in Louisiana

At least eight insurance companies recently appeared before the Louisiana Insurance Rating Commission seeking rate increases on various lines, including medical malpractice, auto and property insurance, according to the Baton Rouge Advocate. State Farm and at least six other companies …

Guilty Verdicts for Cicero Officials in Insurance Fraud Scheme

After 12 days of deliberation jurors returned guilty verdicts against Cicero Town President Betty Loren-Maltese, alleged mob boss Michael Spano Sr. and five other defendants on conspiracy charges arising from a scheme to direct premium payments to a company they …

A.M. Best Assigns Debt Rating to SAFECO’s New Senior Notes

A.M. Best Co. has assigned a “bbb+” rating to the $375 million 7.25 percent 10-year senior unsecured notes issued by Seattle-based SAFECO. The securities were issued under SAFECO’s $900 million shelf registration previously filed with the Securities and Exchange Commission. …

CWCI Hosts Seminar to Cover New WC Law

The California Workers’ Compensation Institute has announced it will hold a one-day seminar in October at three locations to help workers’ compensation professionals prepare for the statutory and regulatory changes brought about by passage of AB 749, the $2.4 billion …