Monthly Archives: <span>June 2006</span>

Worldwide Facilities to Sponsor Tough Product Liability Class

The Los Angeles based office of Worldwide Facilities Inc., will be presenting a free educational seminar that discusses coverage and insurance issues relating to “tough” products liability accounts. The event, is scheduled for July 18 and will be held at …

Networked Promotes Salivar to Territorial Sales VP in North Central Calif.

Networked Insurance Agents, a Grass Valley, Calif., professional account placement organization, has appointed Charise Salivar as territorial sales vice president in California’s North Central region. Salivar has been a top production underwriter at Networked for more than two years, first …

Three Californians Arrested for Allegedly Staging Auto Theft

California residents Cameron Harris, 44, of Norco, and Michael Weaver, 45, and Kelly Weaver, 43, of Corona, Calif., have been arrested for suspected insurance fraud. All three suspects were booked into the Riverside County Jail with a total bail of …

RMS Launches Eastern U.S. and Canada Earthquake Model

Risk Management Solutions (RMS), Newark, Calif., has updated its U.S. and Canada Earthquake models. “Earthquakes east of the Rockies are less common than in the tectonically active West, but can be more severe due to the slower attenuation of ground …

Strategic Independent Agents Alliance Establishes New Mo.Master Agency

Strategic Independent Agents Alliance (SIAA) announces that The Powers Group, Inc. of Clayton, Mo. has established Valley Insurance Agency Alliance as a SIAA Master Agency. Their exclusive territory covers several counties in central and southern Missouri, including the St. Louis …

Fireman’s Fund Announces Surface Water and Flood Coverage

With the risk of damage from surface water and flood becoming more prevalent in even low to moderate flood zones, Fireman’s Fund Insurance Co., Novato, Calif., has launched a surface water and flood endorsement to its Prestige Home Premier policy. …

S&P Alters Approach to Gauging Insurers’ Terrorism Exposure

Standard & Poor’s Ratings Services said it is changing its process for evaluating the terrorism exposure of insurers and reinsurers. The updated process is partly a response to the increased insurance retentions under the two-year extension of the Terrorism Risk …

State Settles Bias Lawsuit by Former Ill. Park Supervisor

A former Illinois Department of Natural Resources park supervisor who accused the agency of discrimination in denying him a promotion has settled the federal lawsuit for $65,000, a newspaper says a copy of the settlement shows. In the lawsuit that …

Former Ohio Worker’s Comp Fund Official Expected to Enter Guilty Plea

Prosecutors say Terrence Gasper, the former chief financial officer at Ohio’s $15 billion insurance fund for injured workers, exchanged investment opportunities for money, his son’s college tuition and stays at a Florida condominium. Terrence Gasper, the first official with the …

White Mountains to Hold Investor Information Meeting June 9

Bermuda’s White Mountains Insurance group has set Friday, June 9, 2006 as the date for its annual investor’s information meeting. The event will take place at 10:00 a.m. (Eastern Time) at the Waldorf Astoria Hotel – John Jacob Astor Salon, …