Monthly Archives: <span>January 2005</span>

Okla. Lawmakers, Doctors and Business Leaders to Call for ‘Meaningful’ Lawsuit Reform in 2005

Oklahoma Lt. Gov. Mary Fallin and Senate Republican leaders, joined by several Oklahoma doctors and business leaders, are calling for meaningful lawsuit reform during the 2005 legislative session. Senate Republican Leader Glenn Coffee, R-Oklahoma City, also provided highlights of major …

Nine Plead Guilty to Faking S.C. Auto Wrecks, Filing False Claims

Attorney General Henry McMaster announced today in Columbia, S.C. that nine individuals pleaded guilty between Oct. 21, 2004 and Jan. 13, 2005 to 16 counts of Presenting False Claims for Payment, a felony violation of §38-55-170 of the Code of …

Mardi Gras Coconuts Survive Insurance Crisis

One of the most prized traditions of Mardi Gras in New Orleans, the handing of elaborately decorated coconuts to eager parade-watchers during the Zulu parade, is safe—at least this year. Earlier this month, officers of the Zulu Social Aid and …

Sutter Announces Closing of Diversified Risk Acquisition

San Francisco-based Sutter Holding Company Inc. announced that it has closed on the previously announced acquisition of Diversified Risk Insurance Brokers, a commercial property and casualty insurance broker based in Emeryville, California. Payment consisted of a combination of cash and …

Brown & Riding Adds Hartzfeld as Associate Broker

Los Angeles-based Brown & Riding Insurance Services announced that Lynn Hartzfeld has joined their team as an Associate Broker at the company’s newest branch office in Woodland Hills, California. Hartzfeld comes to Brown & Riding after eight years spent working …

Colorado Senators KO Credit Ban

By a 5-2 bipartisan vote members of the Colorado Senate Business, Labor and Technology Committee rejected a measure that would have banned insurers from using credit history to underwrite and rate automobile and homeowners insurance policies. The action by state …

Langer Group Announces Sports Liability Program

The Wauwatosa, Wis.-based Langer Group announced that is teaming up with Francis L. Dean & Associates Inc. and the Aegis Group to offer affordable, comprehensive accident and liability insurance for teams, leagues, schools, sports programs, sport officials and special events …

Lighthouse Offers New Healthcare Administrators Professional Liability Policy

The Lighthouse Companies has introduced a personal professional liability policy developed exclusively for employed healthcare administrators called VitalCare. Policies are underwritten and issued by the Chubb Group of Insurance Companies and claims are also handled by Chubb. The program is …

S&P Assigns ‘BBB’ Rating to Korea’s Hyundai

Standard & Poor’s Ratings Services has assigned its ‘BBB’ counterparty credit and insurer financial strength ratings to Korea’s Hyundai Marine & Fire Insurance Co. Ltd. The outlook on the ratings is stable. S&P also noted that it has withdrawn its …

AXA Notes 1% Gain in Full Year Revenues

France’s AXA Group reported from Paris that its consolidated revenues were 72.2 billion euros ($94.4 billion) for full year 2004. “On a comparable basis, revenues grew by 2 percent compared to full year 2003,” said the bulletin. But “on a …