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

General Liability

Nuts & Bolts: AIG Environmental, a division of the property/casualty insurance subsidiaries of American International Group Inc. (AIG), enhanced its environmental and general liability exposures program, “EAGLE.” The expanded product portfolio features new coverages to provide commercial insureds with AIG …

People & Places

Michael Miller Scottsdale Insurance Company named Michael D. Miller as president and chief operating officer. Miller replaces retiring SIC President R. Max Williamson. Miller has more than 27 years of experience in the insurance industry, including working in several areas …

SURVEY FINDS RED LIGHT RUNNING AMONG TOP CAUSES OF CRASHES:

A new survey conducted by the Farmers Insurance Group of Companies showed more than 36 percent of motorists admitted to running a red light in the past year–an offense that is the leading cause of crashes in urban areas. According …

IIAB-OC TO HOST EPLI SEMINAR:

Katie Freeman Insurance Services, in association with Shand Morahan & Co., the underwriting manager for Markel American and Evanston Insurance Companies, is sponsoring a three-hour continuing education seminar on Employment Practices Liability insurance for Independent Insurance Agents and Brokers of …

CALIF. COMMISSIONER DELIVERS ARMENIAN GENOCIDE SETTLEMENT CHECKS:

California Insurance Commissioner John Garamendi helped deliver the first checks from a $20 million settlement of a class action lawsuit to resolve insurance claims stemming from the Armenian Genocide nearly 90 years ago. The Commissioner played an instrumental role during …

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 Colorado …

CALIF.’S STATE FUND IMPLEMENTS NEW REFORM MEASURE:

State Compensation Insurance Fund announced the establishment of an enhanced Medical Provider Network that will assure the provision of rapid access to medical treatment for injured workers. The network expands on State Fund’s existing medical network which has reduced medical …

ACIC FIGHTS HOMEOWNERS REGULATIONS:

The Association of California Insurance Companies is fighting on two fronts against a proposed Dept. of Insurance regulation that would unfairly force many Californians to pay more than they should for homeowners insurance, according to the association. “The regulation, now …

SEABRIGHT FILES IPO; PLANS TO WRITE WORKERS’ COMP IN CALIFORNIA:

Seattle-based Seabright Insurance Holdings Inc. raised $78.8 million in their initial public offering Jan. 20, with shares priced at the high end of the expected range, Reuters reported. Seabright recently entered the California workers’ comp market. Seabright had filed to …

In the Wake of the Tsunami ….

The Southeast Asia earthquake and tsunami disaster occurred while many of us where at home enjoying the holidays with our families. At Insurance Journal, the catastrophic event took place in between the deadlines for our January issues; therefore we were …