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

N. Texas Expansion in Works for Caliber Collision Centers

Caliber Collision Centers announced the expansion of its collision repair operations in North Texas with the acquisition of Streetwerks Collision Center in Corinth, Texas, located northwest of Dallas. Caliber, headquartered in Irvine, Calif. has facilities in California and Texas. It …

Nationwide Mutual CFO Robert Oakley to Retire

Nationwide Mutual Insurance Company announced the retirement of Robert A. Oakley, Executive VP and CFO, effective January 31, 2003. He will also retire from the same position at the company’s publicly traded subsidiary, Nationwide Financial Services, Inc. The company also …

Meadowbrook to Buy Back Shares

Michigan-based Meadowbrook Insurance Group, Inc. announced the decision by its Board of Directors to authorize the repurchase of up to 1,000,000 shares, or approximately 3%, of the Company’s common stock in market transactions over the next 24 months. “Meadowbrook is …

Ohio Insurance Commissioner Opposes Class Action Lawsuit Against Progressive

Ohio Insurance Director Lee Covington has filed a “friend of the court” brief supporting the decision of the Cuyahoga County Court of Common Pleas that refused to certify a class action lawsuit against Mayfield Village-based Progressive Insurance Company. Progressive, the …

AIA Urges Calif. Gov. to Approve Measure Giving Builders the Right to Repair Construction Defects

The American Insurance Association (AIA) is calling upon Gov. Gray Davis (D) to sign a measure that will give California builders the right to repair construction defects. AIA says this measure will reduce the number of lawsuits. “Governor Davis should …

Former NYFD Commissioner Keynotes NAMIC Convention

The former Commissioner of the Fire Department of New York City was the keynote speaker at the Opening General Session of the 107th annual convention of the National Association of Mutual Insurance Companies (NAMIC), which is running in San Diego …

Hawaii Division Receives National Award

The Hawaii Insurance Division (Division) received the National Association of Insurance Commissioners’ (NAIC) Uniform Regulation through Technology (URTT) Award after completing all 12 of the URTT initiatives. The URTT program is a collection of technology projects that represent a significant …

J. Gregory Brown & Co. Names Cunningham VP

Debbie Cunningham has been appointed vice president at J. Gregory Brown & Company, Inc., an insurance services company with corporate offices in Los Angeles and Newport Beach, Calif. She was previously senior account executive with the Heffernan Group, a northern …

S&P Keeps Zurich on CreditWatch, Outlook Still Negative

Standard & Poor’s indicated that its ratings on Switzerland’s Zurich Financial Services (ZFS) will “remain on CreditWatch with negative implications, where they were placed on Sept. 5, 2002, pending the successful implementation of ZFS’ rights issue.” (See IJ Website Sept. …

CIGNA Receives Chinese Insurance License

CIGNA Corporation announced that it has received formal approval to enter the Chinese life insurance market from the China Insurance Regulatory Commission, the first new license issued to a foreign insurer by the Chinese since the country’s accession to the …