We Take Risk Out of the Stock Market! AXCESS Insurance: Turning Risk Into Reward NEW YORK / March 13, 2003 — Determined to counter the economic downturn impacting other companies and to make a difference in the midst of today’s …
Richard Sharrah, Jr., 27, a Fresno, Calif. resident, was arrested on workers’ comp fraud charges. Investigators with CDI’s Fraud Division, charged him with four felony counts of insurance fraud. Investigators found that Sharrah allegedly incurred a job related back injury …
Despite gains in three of its four business segments, San Antonio-based Argonaut Group said it posted a $105.3 million net loss for the fourth quarter 2002 and an $87.0 million net loss for the year. The 2002 net loss was …
Philadelphia Insurance Companies (PIC) announced the release of its new product offering, “the Business Owners Policy (‘BOP’)” for business professionals. “BOP provides comprehensive property & liability coverage and is being offered in conjunction with professional liability offered to all types …
Gregory E. Murphy, chairman, president and CEO of Selective Insurance Group, Inc., headquartered in Branchville, NJ, announced the promotions of Charles Adams, Bradford S. Allen, Andrew Becker, Jeffery F. Kamrowski, John Marchioni and Kevin Vieten to positions of increased responsibility. …
The National Association of Independent Insurers has issued a bulletin calling attention to provisions in a pending New Jersey bill dealing with arbitration methods that include a section that would allow arbitrators to award punitive damages, in spite of a …
The Professional Insurance Agents of New Jersey Inc. has joined with the Coalition for Auto Insurance Competition to urge its members to attend a rally in Trenton next Monday, March 17, and to let legislators know their views on reforming …
“I was misinformed.” That line from “Casablanca” was apparently echoed last week with the announcement that Allianz and its five partners had decided to shut down their Luxembourg-based terrorist risk insurance operation, Specialist Risk Insurance and Reinsurance Luxembourg S.A. (SRIR), …
Lloyd’s of London announced that Constance Curnow of Guy Carpenter and Gerald J. Sullivan of The Sullivan Group are the first brokers to win the Lloyd’s U.S. Broker Awards. The awards for U.S. Reinsurance Broker of the Year 2002 and …
A new Swiss Re sigma report, “Natural catastrophes and man-made disasters in 2002,” estimates the cost to the insurance industry at $13.5 billion, $1.5 billion more than the company’s preliminary estimates released last December. “The increase was mainly due to …
