January 29, 2004
The U.S. Attorney’s Office in Boston announced that “Anthony Snow, age 43, of 1810 Dorchester Avenue, Dorchester, Massachusetts, pleaded guilty before U.S. District Judge Patti B. Saris to an Information charging him with six counts of mail fraud and three …
January 29, 2004
A message from the New York State Insurance Department, as relayed by the Professional Insurance Agents of New York, Inc., reminds all of the state’s individual P/C agents that the license renewal process is scheduled to commence March 1, 2004. …
January 29, 2004
“East London Bobbies will be experiencing the world of brief cases and pin-striped suits as part of a new mentoring scheme,” said a bulletin from Lloyd’s. Senior police officers from Tower Hamlets will join Lloyd’s executives in a groundbreaking new …
January 29, 2004
A.M. Best Co. announced that it has assigned initial financial strength ratings of “A-” (Excellent) to Quanta Specialty Lines Insurance Company of Indianapolis, Ind. and Quanta Indemnity Company of Denver, Colo., with a stable outlook. Best’s announcement noted that both …
January 29, 2004
Lloyd’s run-off vehicle, Equitas and Halliburton Company announced that they have reached a comprehensive agreement to settle Halliburton’s insurance claims against certain Underwriters at Lloyd’s for $575 million. Halliburton said in a statement that “The settlement will resolve all asbestos-related …
January 29, 2004
Steve Woods, MD, Overlake Hospital OBGYN and partner in a private medical practice, along with several of his Overlake Hospital and Evergreen Hospital colleagues, met in Olympia, Wash., recently to talk to King County Legislators about Washington’s medical malpractice crisis …
January 29, 2004
Las Vegas-based Sierra Health Services Inc. reported that income from continuing operations for the quarter ended Dec. 31, 2003 was $24.0 million, or $0.80 per diluted share, compared to income from continuing operations of $12.2 million, or $0.39 per diluted …
January 29, 2004
On Jan. 30, the National Equipment Register (NER) will release its first annual report studying the problem of heavy equipment theft in the U.S. Based on NER’s database of more than 30,000 theft reports and statistics from the Insurance Services …
January 29, 2004
The South Carolina Senate Banking and Insurance Committee on Wednesday approved a flex rating bill supported by the American Insurance Association that would reportedly eliminate prior approval for homeowners insurance rates. SB 686, as amended, would institute an initial flex-rating …
January 29, 2004
Lloyd’s has renewed its licensing agreement with Insurance Services Office, Inc. (ISO), which reportedly significantly expands the range of underwriting and claims products and services it can use in the U.S. market. Individual underwriters at Lloyd’s will, for the first …