Janet Warren has been appointed senior vice president and claims practice leader of Beecher Carlson Holdings Inc. in Atlanta. Warren will be responsible for establishing and managing Beecher Carlson’s claims practice and focus on providing superior brokerage claims services for …
More than 100 consumers spent five-and-a-half hours March 12 voicing their concerns about unpaid insurance claims in the aftermath of Hurricane Charley at a town hall meeting in Punta Gorda, Fla. attended by Chief Financial Officer Tom Gallagher and his …
New computer models show higher chances of hurricane strikes to Florida, and a 3.9 percent increase in predicted losses. In parts of the state, particularly Escambia County, the program boosts predicted losses as much as 25 percent. If approved by …
A Florida homeowner has filed a lawsuit against Allstate Insurance to collect $10,000, accusing the company of failing to pay for mold damage after Hurricane Charley. The lawsuit brought by homeowner Luann Guy of Cape Coral, Fla. alleges that Allstate …
A one-time infusion of $400,000 to permit the South Carolina Attorney General’s Office to hire six new prosecutors to fight insurance fraud has been approved by the Senate Finance Subcommittee to aid in the fight against insurance fraud. At present, …
In an editorial set for publication in the April edition of PCI’s Executive Update, U.S. House of Representatives Majority Leader Tom Delay (R-Texas) outlined his vision for the future of the Terrorism Risk Insurance Act (TRIA) and his desire for …
“State legislators are right to challenge an NAIC initiative that would impose sweeping federal requirements designed to protect stockholders on privately held insurance companies,” according to an official of the nation’s largest property/casualty trade association. Roger H. Schmelzer, Senior VP …
U.K. insurer Hiscox plc reported a drop in profits for 2004 of around 8 percent, posting a net figure of £77 million ($148.1 million), compared to £83.4 million ($160.5 million) in 2003, as losses from the Florida hurricanes cost the …
The Web site of Germany’s Allianz (http://www.allianz.com/) features an interview with two of the company’s climate experts, Matthias Klawa of Allianz Reinsurance and Olav Bogenrieder of Allianz Versicherung, who comment on how changing climatic conditions could affect Allianz’s business dealings. …
While the U.K.’s Royal & SunAlliance moved out of the red in 2004 (See IJ Web site March 10), the company is still committed to further reforms of its U.S. operations, R&SA-USA. It has already significantly restructured its operations in …
