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

RISC Names New Senior VP and Marketing Manager

Dallas-based RISC Inc. announced the addition of Peter Gordon-Wright as senior vice president in the Property/Casualty Brokers Division and Toni Campbell as marketing manager. Gordon-Wright has over 20 years industry experience starting as a trainee underwriter in the North American …

InsBridge, Systems Consulting Services Form Partnership

Plano, Texas-based InsBridge Inc. and Systems Consulting Services Inc. (SCSI), of Ellicott City, Md., providers of software solutions to the property and casualty (P&C) insurance industry, announced they are forming a strategic partnership to create a single solution to the …

‘Insurers of Last Resort’ Bill Passes Louisiana House

The Louisiana House of Representatives passed a bill combining the Coastal and FAIR Plans, two of the state’s so-called “insurers of last resort,” under a new state-created entity called the Louisiana Citizens Property Insurance Corporation. According to the the American …

PIANY Urges lawmakers to End NYPIUA Stalemate

The Professional Insurance Agents of New York State Inc., issued a bulletin “imploring lawmakers in Albany to end the stalemate that threatens to deny tens of thousands of New Yorkers access to home and commercial property insurance.” The PIANY explained …

Aon to Sponsor NY Howard University Summer Intern Event

Aon announced that it is joining a number of New York area insurance and consulting firms that have teamed up with Howard University to sponsor a special summer intern program designed to encourage highly qualified students to enter the insurance …

Platinum Raises 2003 Earnings Forecast; Will Take $9.5 Million Charge

Platinum Underwriters Holdings, Ltd. announced that, “based on the current industry environment, the mix of business underwritten and in the absence of any unusual catastrophe activity, it has updated its guidance for fiscal year 2003.” The company said that it …

ESG Re Reports Q1 Loss of $1.78 Million

Bermuda-based ESG Re Limited reported an overall loss of $1.8 million for the first quarter of 2003 compared to a budgeted loss of $1.7 million. It also said that “underwriting profit for the quarter amounted to $2.5 million which was …

IBC’s AIM Conference Brings Together Insurers and Car Makers

The opening in Toronto of the Insurance Bureau of Canada’s sixth annual Automotive Insurers and Manufacturers Forum gave insurance and automotive professionals from across Canada a valuable opportunity to share information and ideas on issues of common concern. “AIM helps …

EU Parliament Passes “Polluter Pays” Directive

The European Union Parliament in Strasbourg has passed what could be a far reaching directive, mandating that whoever causes environmental pollution will be responsible for the costs of cleaning it up. Part of the proposed legislation would make proof of …

Calif. DWC Walnut Creek Office to Close May 23

The California Division of Workers’ Compensation (DWC) Walnut Creek District Office’s last day of business will be Friday, May 23. The last day hearings will be scheduled for that office will be Tuesday, May 20. All cases currently in Walnut …