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

AWAC Promotes D’Orazio to Senior VP, Global Mgr. – General Casualty Division

Bermuda-based Allied World Assurance Company, Ltd. (AWAC) announced that Frank N. D’Orazio has been named senior vice president and global manager of its General Casualty division. He is charged with setting and driving the overall strategic direction for AWAC’s buffer …

Best Affirms Allianz Suisse Rating

A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of Allianz Suisse Versicherungs-Gesellschaft and Allianz Suisse Lebensversicherungs-Gesellschaft (collectively referred to as Allianz Suisse). Best also assigned an issuer credit rating of “a” to both …

Certified Workers Compensation Counselor Program (CWCC)

“Transforming the Landscape of Workers Compensation” When: October 17-19, 2005 Where: Town Center Southfield, Michigan Instructor: Maureen Gallagher LIC, CIC, CWCP, CRM, CWCA, RPLU, CILMA Cost: $1500 For more information and to register visit: www.insurancepartnersagency.com or Call: 866-628-6999 / Fax: …

Fireman’s Fund Introduces New Online Rating Technology in the State of Texas

NOVATO, Calif. – Fireman’s Fund Insurance Company is now offering agents in the state of Texas the use of eTurborater, an online application that promotes the quick retrieval of homeowners insurance rates. eTurborater allows agents to access Fireman’s Fund’s rating …

N.Y. Insurance Fund Investigator Accused of Falsifying Expenses

A claims investigator for the New York State Insurance Fund reportedly bilked the state out of $8,744 by claiming she spent the night at bed-and-breakfasts which investigators found didn’t exist, the state inspector general said. Investigators who checked into Margaret …

R.I. Limits Teen Drivers’ Passengers

The Rhode Island Division of Motor Vehicles sent out letters this weekend to 11,000 new teenage drivers in Rhode Island alerting them to a new law that limits the number of underage passengers who can ride with them. There had …

RMS: Katrina Could be Even More Devastating than Hurricanes Camille and Betsy

Based on the current track and forecast intensity (as of Sunday afternoon), insured losses from Hurricane Katrina’s second landfall on the Gulf Coast of the U.S. could be even more devastating than previous historical storms affecting the region, as announced …

California’s State Fund to Disclose Broker Commissions to Policyholders

California’s State Compensation Insurance Fund announced that it will disclose broker commissions to policyholders beginning Oct. 1, 2005. Insurance quotes and terms letters will display the commission rate paid to brokers for the placement of their workers’ compensation policy with …

UPDATE: New Orleans Mayor Tells Residents, Tourists to Evacuate as Katrina Bears Down on Big Easy

New Orleans Mayor Ray Nagin has ordered an immediate mandatory evacuation for the city, as Hurricane Katrina intensified Sunday to a dangerous Category 5 storm, the highest ranking on the Saffir-Simpson scale. “As most of you know, the storm is …

UPDATE: Emergency Aid Authorized for Hurricane Katrina Emergency Response in Louisiana

Michael Brown, under secretary of Homeland Security for Emergency Preparedness and Response, announced that Federal resources are being allocated to support emergency protective response efforts response efforts in the parishes located in the path of Hurricane Katrina. The Category 5 …