Monthly Archives: <span>January 2003</span>

MetroRAP Conference Set For Thursday in Brooklyn

This year’s MetroRAP conference is scheduled to be held at the New York Marriott in Brooklyn on Thursday, Jan. 23. Highlights of the Program will include a Keynote address by Warren Heck, chairman and CEO of the GNY Mutual Insurance …

NY Launches “Fast-track Captive Formation” Initiative

N’ew York’s Superintendent of Insurance Gregory V. Serio and Empire State Development Chairman Charles A. Gargano announced the creation of a newly dedicated “captive group” and the launch of a new Web site “designed to fast-track applications for captive formation.” …

Alliance Calls WV Med Mal Reform Proposals “Good First Step”

The Alliance of American Insurers praised the efforts of West Virginia’s House of Representatives in passing a medical malpractice insurance reform bill last week as a “step in the right direction,” and urged the state’s Senate to pass the measure …

NAII Supports NH Insurance Regulatory Reform Bill

The National Association of Independent Insurers has issued a statement strongly supporting the new insurance regulations contained in a Bill introduced last week in the New Hampshire legislature by Rep. John Hunt, chairman of the House Committee. The NAII worked …

Zenith Announces 4th Q Increase in Loss Reserves

Zenith National Insurance Corp. reported that its actuaries have completed a review of the loss and loss adjustment expense reserves of our insurance companies at Dec. 31, 2002 and have determined that it is necessary to increase workers’ compensation reserves …

Monitor Liability Expands to West

Monitor Liability Managers Inc., a subsidiary of W.R. Berkley Corporation, announced that it will be actively pursuing additional business opportunities in the states of Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming. Leading this effort are …

Iowa Commissioner to Deliver Keynote Address for AAIS Conf.

Iowa Commissioner Therese Vaughan, outgoing president of the National Association of Insurance Commissioners (NAIC), will deliver the keynote address at the 2003 American Association of Insurance Services (AAIS) Annual Conference, April 6-8 in Monterey, Calif. To register for the conference, …

Aon Declares Quarterly Cash Dividend

Chicago-based Aon Corporation declared a quarterly cash dividend of $0.15 per common share. The cash dividend is payable on Feb. 25 to common stockholders of record at the close of business on Feb. 12.

Industry Forum Told to Expect Higher Tort Costs, Fewer Hard Market Opportunities

The length of the current hard market should not be overestimated and the creativity of the plaintiff’s bar to impose new costs on insurers should not be underestimated, a panel of outside experts told insurance executives recently attending the seventh …

TWCC To Hold Jan. 22 Public Meeting

The Texas Workers’ Compensation Commission will hold a scheduled public meeting in Austin at 10:30 a.m. on Jan. 22. Included on the agenda are: 1. Discussion, consideration and possible action on re-adoption of rules pursuant to rules review: Chapter 109 …