Standard & Poor’s announced the launch of its Lloyd’s Syndicate Assessments (LSAs), “a new tool for analyzing the syndicates operating in the Lloyd’s of London Insurance Market.” S&P described LSA’s as a method for determining the “dependency of individual Lloyd’s …
The 2002 California legislative session came to an end on Aug. 31, with a flurry of industry-related bills shuffling through the mix. Many new laws and measures were introduced this year by state lawmakers regarding workers’ compensation, construction defects, automobile …
Catholic Healthcare West (CHW) has awarded a multi-year contract to the Cooperative of American Physicians, Inc.-Mutual Protection Trust (CAP-MPT) to resolve legal claims remaining after CHW’s recent divestiture of seven California hospitals. After terminating insurance operations for the seven hospitals, …
The NeighborWorks® National Insurance Task Force (NITF) has announced several activities to support its efforts to make insurance more available and affordable in lower-income communities. The activities include a report on insurance scoring, a water intrusion prevention pilot, and an …
Michael O’Reilly, executive vice president and Chief Investment Officer of The Chubb Corp., was named to the position of Chief Financial Officer. O’Reilly succeeds Weston Hicks, who resigned as Chubb CFO, effective Oct. 4, to accept a position as executive …
The Louisiana Department of Insurance suspended without pay for up to two weeks four department employees for allegedly padding time sheets. According to the New Orleans Times-Picayune, a department audit found that the four employees had signed time sheets for …
Travis County District Attorney Ronald Earle announced that the Travis County Grand Jury returned indictments alleging that a Texas couple stole over $1 million from Colonial Casualty Insurance Company, a workers compensation insurance company based in Dallas. Walter Edward Neuls …
Policyholders of America (POA), a consumer interest group, announced it has secured enough support from Texas legislators to initiate the drafting of nine insurance-related bills to be considered in the 2003 legislative session. One proposed bill, an anti-cherry picking measure, …
Nuts & Bolts: Arrowhead General Insurance Agency Inc. is offering a non-standard personal automobile insurance program for select producers through its personal lines division. Dollars: BIPD limits available up to 100/300/50. Carrier: Redland Insurance Company. Rated “A.” Admitted market. States …
Settling a four-year legal battle, The Chubb Group of Insurance Companies and The Hartford Insurance Company have agreed to pay Reno/Tahoe International Airport a total of $22 million for a flood insurance claim related to a runway that was damaged …
