Monthly Archives: <span>October 2007</span>

Endurance to Publish Q3 Results Today; Conference Call Details

Endurance Specialty Holdings Ltd. will issue its financial results for the quarter ended September 30, 2007 today, Wednesday, October 31, 2007 after the close of the financial markets. Chairman, President and CEO Kenneth LeStrange and members of senior management will …

$10 M in Losses Expected from Tornado Hit in Ind.

Insurance company representatives from around the nation are helping sort through the ruins of nearly 200 homes and 53 businesses damaged or destroyed in a mid-October northern Indiana tornado. More than $10 million in losses and several thousand claims, largely …

SFA of Nevada Brings Specialty Markets to Montana and the Northwest

October 31, 2007 – Alternative risk broker and consultant SFA of Nevada has planned further development in the Montana and Northwest areas to assist retail agents with their workers’ compensation placements, self-insurance services and Sovereign Nation business. Already a professional …

Spain’s Mapfre to Buy Mass.-Based Commerce Insurance for $2.2 Billion

Spain’s largest insurer, Mapfre S.A., has agreed to buy the Massachusetts-based personal lines insurer The Commerce Group, Inc. for $2.21 billion in cash in a bold move to expand its presence in the U.S. market. Mapfre, which has more than …

Texas Sept. Enforcements Result in Nearly $376K in Fines, Restitution

Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during September 2007 include 12 license revocations, three license denials and fines and restitution totaling $375,983, the Texas Department of Insurance announced. An order imposing disciplinary measures becomes …

Okla.’s Child Support Data Exchange Law Goes into Effect Nov. 1

The Oklahoma Insurance Department issued a reminder that a new state law compelling Child Support data exchange for workers’ compensation, personal injury and wrongful death claims has a fast-approaching Nov. 1 deadline The law contains a provision that directly affects …

Lawsuit: Union Pacific Pressured Ark. Families Into Settlements

A lawsuit filed in Arkansas against Union Pacific claims company officials pressured families of those injured or killed by trains to quickly settle for amounts lower than what they may have received with a lawyer’s help. The suit, now being …

Ironshore Enters La. E&S Market; Will Cover Property, Cat Risks

Louisiana insurance regulators have approved Ironshore Insurance Ltd. to provide property and catastrophe insurance in Louisiana on an excess and surplus basis for risks located in the state. The company said it would provide commercial property and condominium coverages for …

HCC Appoints Pessin President of American Contractors Indemnity

Houston-based HCC Insurance Holdings Inc. promoted Adam S. Pessin to president of the company’s American Contractors Indemnity Company (ACIC) subsidiary. ACIC is headquartered in Los Angeles. Before joining the company in 2002, Pessin was a senior manager at KPMG LLP. …

Women File Lawsuit Over Fatal Balloon Accident

The sister of a California woman who fell at least 70 feet to her death during the Albuquerque, N.M., International Balloon Fiesta earlier this month has filed a wrongful death lawsuit against the balloon pilot, his employers and the fiesta. …