Monthly Archives: <span>July 2008</span>

Oregon Insurance Division Offers Industry Training

Oregon Insurance Division – Rates & Forms unit is hosting an industry training day on Sept. 15, 2008. The discussion will include current legislative changes, filing requirements and helpful filing tips. Additionally, a basic overview of SERFF for carriers that …

Aspen to Release Q2 Results Today; Conference Call Details

Bermuda-based Aspen Insurance Holdings Limited will release its second quarter 2008 financial results today, Wednesday, July 30, 2008, following the close of U.S. markets. The Company will hold a conference call to discuss its financial results on Thursday, July 31, …

Premiums, Net Income Decline for Safeco in Q2

Seattle, Wash.-based Safeco’s net income dropped nearly $37 million in the second-quarter 2008 over the same time period in 2007, the company reported today. For the second-quarter 2008, Safeco posted net income of $149.5 million. This compares with net income …

Farmers Adds Pets to Auto Policies

Cats can have their nine lives and a deductible, too. An insurance company is allowing Utah customers to add pets to their auto policies. If their dog or cat is injured in an auto accident, the medical treatment can be …

New Day Underwriting Promotes Slivka and Farrell

Bordentown, New Jersey-based New Day Underwriting Managers has promoted Jeffrey Slivka to executive vice president and Timothy Farrell to senior vice president of sales. Slivka, who previously served as senior vice president, joined New Day Underwriting in 2005 after spending …

New York Governor Signs Late-Notice Reform Bill

New York Gov. David A. Paterson has signed into law legislation that makes it more difficult for insurers to deny claims based on “late notice” provisions. The legislation requires insurers to clearly demonstrate how a delayed claim has affected their …

Nebraska Notes Changes to Producer Licensing

The Nebraska Department of Insurance issued a notice to insurance agents that it has adopted uniform producer licensing measures for reciprocity reasons. The department’s announcement stated that producer lines of authority issued in prior years that are no longer consistent …

Ratings Recap: Am. Merchants, LandAmerica, RSUI Indemnity

Standard & Poor’s Ratings Services has withdrawn its ‘Api’ (public information) financial strength rating on American Merchants Casualty Co. – a sister company to Endurance Specialty Insurance Ltd., Endurance American Specialty Insurance Co., Endurance Reinsurance Corp. of America, and Endurance …

OSHA Issues 3rd Largest Fine Ever Against Texas-Based Imperial Sugar

The Occupational Safety and Health Administration (OSHA) on July 25 announced it has proposed penalties totaling $8,777,500 against Houston-based Imperial Sugar Co. and its two affiliates alleging violations at their plants in Port Wentworth, Ga., and Gramercy, La. OSHA initiated …

Louisiana Latest State to Reject REAL ID

Louisiana is the latest state to reject a federal identification card program intended as an anti-terror measure that is under criticism because of high costs and possible privacy risks. At least 10 states have passed laws rejecting the REAL ID …