April 10, 2005
New York Attorney General Eliot Spitzer said he disagrees with former CEO Maurice Greenberg’s attorney that accounting mistakes at American International Group were insignificant in their impact. Spitzer also clarified that billionaire investor Warren Buffett is only a witness in …
April 10, 2005
The Medical Protective Company, a member of the GE Insurance Solutions group of companies, announced plans to reduce rates and expand insurance offerings in Texas. This action reflects the company’s recent internal company data updates, which suggest that 2003 tort …
April 10, 2005
Great Central Insurance Company, a member of San Antonio-based Argonaut Group Inc.’s Specialty Commercial segment, announced it has formed a strategic partnership with the North Carolina Restaurant Association to provide property and casualty insurance to its members. Founded in 1947, …
April 8, 2005
Great Central Insurance Company, a member of Argonaut Group Inc., announced a strategic agreement with Irving Weber Associates Inc. of Long Island, New York, to be the exclusive nationwide distributor of its business owners program for the fabricare industry. John …
April 8, 2005
A former California insurance agent and her employee were arrested for allegedly stealing and not remitting premiums to insurance companies of more than $3,000 from victims purchasing automobile insurance policies. Yvette Roberta Lopez, 37, of Camarillo, was arrested after surrendering …
April 8, 2005
Standard & Poor’s Ratings Services has raised its counterparty credit and financial strength ratings on Real Legacy Assurance Co. Inc. (RLA), formerly known as Royal & Sun Alliance Insurance (Puerto Rico) Inc., to ‘BBB+’ from ‘BBB’. Standard & Poor’s also …
April 8, 2005
A pending measure, once thought to be bad public policy by homeowners insurers, is moving in the right direction in California, according to the American Insurance Association (AIA). “During debate in the Senate Banking and Insurance Committee, Chair Jackie Speier …
April 8, 2005
Mississippi lawmakers increased the state’s minimum auto liability limits during their regular legislative session which ended on Wednesday, an official of the National Association of Mutual Insurance Companies said Friday. “Before House Bill 722 was enacted, Mississippi had the lowest …
April 8, 2005
Franklin Circuit Court Judge William Graham signed an order April 7 enabling AIK COMP rehabilitator Martin J. Koetters to continue his efforts on behalf of the financially troubled self-insured group workers’ compensation fund. Members of the fund were assessed for …
April 8, 2005
Dr. Chris Brigham, featured speaker at CWCI’s AMA Guides 101 seminars last October and PD Rating 102 seminars in February, has scheduled three live, Web-based seminar series (four two-hour sessions each) on the use of AMA Guides in California’s new …