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

Wisc. Speaker Names Med-Mal Reform Task Force

Wisconsin Assembly Speaker John Gard has named two Milwaukee-area residents as among the five citizens who will serve on Gard’s Task Force on Medical Malpractice Reform. The task force appointees are: Clyde Chumbley, an obstetrician who is president and chief …

Conseco Raises $320 Million in Offering

Conseco Inc. on Monday closed its previously announced private offering of 3.50 percent Convertible Debentures due Sept. 30, 2035 and completed the amendment of its senior secured credit facility. The initial purchasers exercised their option to purchase an additional $30 …

Kansas, Missouri Insurers Grew Profits in 2004

Forty-four property and casualty insurance companies based in Missouri reported total earnings of $224 million in 2004, compared with a loss of $423.5 million in 2003, according to Weiss Ratings Inc. In Kansas, 22 property and casualty insurers reported earnings …

Allstate Renews U.S. Olympic Sponsorship

Allstate today announced it has extended the company’s sponsorship with the United States Olympic Committee, maintaining Allstate’s designation as the Official Home and Auto Insurance Sponsor for U.S. Olympic and Paralympic Teams through 2008. Allstate has also renewed its sponsorship …

Eitel Appointed to Safeco Board of Directors

Seattle-based Safeco’s board of directors has appointed Maria S. Eitel as director, effective Aug. 11, 2005. She will serve on the board’s Nominating/Governance Committee and will stand for election at the company’s annual meeting of shareholders in May 2006. Eitel …

Guy Carpenter Names Spiller as New President Effective Jan. 1, 2006

Guy Carpenter & Company Inc., a global risk and reinsurance specialist and a part of the Marsh & McLennan Companies, has appointed David Spiller as its new president, effective Jan. 1, 2006. Most recently, Spiller was CEO of Benfield Ltd. …

Castle Extends Coverage to Hawaii

The Industry’s Premier High Value Residential Insurance Inspection Company Offers Full Nationwide Coverage Salt Lake City, Utah – Castle Inspection Service, a division of Overland Solutions, Inc., announced today their extended coverage to the Hawaiian Islands. Neal Carroll, Regional Manager …

L.A. Firefighters Want New Workers’ Comp Carrier

Firefighters want the city to find another firm to handle workers’ compensation claims because alleged slow processing by the current company delays medical treatment and costs millions of dollars in overtime and off-duty pay. More than 50 firefighters filed complaints …

Marines Plead Not Guilty to Felony Insurance Fraud

Three Marines based in Twentynine Palms pleaded not guilty to felony insurance fraud charges for allegedly filing a false claim that a vehicle was stolen and vandalized. The trio also pleaded not guilty to a misdemeanor count of filing a …

Insurer Says It’s Not Liable in Limp Bizkit Concert Death

An insurance company that issued a policy for rock band Limp Bizkit is asking a Los Angeles Superior Court judge to rule it has no liability for any damages awarded as the result of a teenage fan’s death at a …