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

Onerous Calif. Financial Privacy Bill Heard in Assembly

A Senate bill that would reportedly create the country’s most restrictive privacy standards passed the full Senate and is pending in the Assembly, where it was heard June 17 in the Assembly Banking and Finance Committee. Senate Bill 1 would …

Seibels Bruce Extends Odd-Lot Tender Offer

The Seibels Bruce Group Inc. of Columbia, S.C., a holding company for four property and casualty insurance companies that offer commercial and nonstandard automobile insurance, announced an extension to the stock tender program allowing shareholders owning fewer than 100 shares …

Florida’s Gallagher Applauds Anti-Fraud Law

Florida’s Chief Financial Officer Tom Gallagher said the Pete Orr Insurance Anti-Fraud Act, which the governor recently signed into law, is expected to significantly boost efforts to prosecute operators of unlicensed insurance entities that have left Floridians on the hook …

Hallmark Financial Sets Record Date For Rights Offering

Fort Worth, Texas-based property/casualty insurer, Hallmark Financial Services Inc., reported that the record date for its previously announced rights offering has been set for the close of business on June 27, 2003. Upon the effectiveness of the registration statement, the …

MyBenefitSource Names President

Minneapolis-based RSM McGladrey Business Services has appointed Robert M. Digby president of MyBenefitSource (MBS). Digby will focus on increased customer success and market penetration for MBS, a national leader in workforce management technology and business process outsourcing services, and a …

Ohio Indemnity Elects New Officers

Ohio Indemnity Co., a wholly-owned subsidiary of Bancinsurance Corp. announced the promotion of Daniel J. Stephan to senior vice president of marketing and Thomas F. Ryan to assistant vice president of claims. Stephan has served as vice president of marketing …

John Welch Joins CNA Surety as CEO

John F. Welch will join Chicago-based CNA Surety as president and chief executive officer, Board Chairman James R. Lewis has announced. Welch succeeds Mark C. Vonnahme, who announced his retirement earlier this year. Welch brings more than 24 years of …

CSAA Selects Iteration’s Real-Time Reporting Suite

Iteration Software announced that the California State Automobile Association (CSAA) has chosen the Iteration Real-time Reporting Suite(TM) as the standard information delivery solution for the CSAA Claims Organization. CSAA will use the Iteration Real-time Reporting Suite to enable the flow …

AIR Expands San Francisco Office for Research in Earthquake Engineering

AIR Worldwide Corporation (AIR) announced the relocation and expansion of its San Francisco office to accommodate the increasing number of research initiatives being undertaken there. The San Francisco team, led by Dr. Paolo Bazzurro, has been awarded several new grants …

NAII Notes Vt. Legislative Session “Ends Quietly for Insurers”

The National Association of Independent Insurers noted that the 2003 Vermont legislative session wrapped up with little impact on the property/casualty insurance industry. The bulletin indicated that the legislative session had been dominated by more pressing priorities, notably budget issues …