Monthly Archives: <span>January 2003</span>

Fireman’s Fund Chooses St. Louis to Expand Expedited Claim-Handling Business

Fireman’s Fund has chosen St. Louis as the site to expand its expedited claim-handling operation. To be housed at the company’s Earth City office, the center will include 15 managers, many of whom will relocate from company offices on the …

IVANS Announces 2003 Network Management Seminars

IVANS Networking announced its 2003 schedule of Network Management Seminars for the insurance industry. The seminars are held across the country and will tackle how networking solutions play a role in helping insurance and healthcare companies manage productivity. The Network …

Gov. Taft Signs Tort Reform Bill into Law in Ohio

Ohio Gov. Bob Taft signed Senate Bill 281 into law Jan. 10, the tort reform legislation that limits noneconomic damage awards in medical injury lawsuits. The Ohio State Medical Association (OSMA), which spearheaded support for the bill, says the new …

S&P’s Drops Insurance Co. of West and Related Ratings to ‘BBpi’

Standard & Poor’s has lowered to ‘BBpi’ from ‘BBBpi’ its counterparty credit and financial strength ratings on Insurance Co. of the West (83.5 percent) and its qualifying inter-affiliated pool members, The Explorer Insurance Co. (15.0 percent) and Independence Casualty & …

P/C Insurers Hit with $6.6B Drop in Investment Gains in First Half of 2002

Property and casualty insurers suffered a staggering $6.6 billion decline in investment gains during the first six months of 2002, to $18.1 billion from $24.7 billion during the same period in 2001, according to Weiss Ratings, Inc. Driving the decline …

Ohio Gov. Signs Tort Reform Bill into Law

Ohio Gov. Bob Taft signed Senate Bill 281 into law Friday, the tort reform legislation that limits noneconomic damage awards in medical injury lawsuits. The Ohio State Medical Association (OSMA), which spearheaded support for the bill, says the new law …

Meadowbrook Group Notes Two New Service Agreements

Michigan-based Meadowbrook Insurance Group, Inc. announced that Meadowbrook, Inc. has entered into two new fee-for-service agreements with the Director of the Missouri Department of Insurance in his capacity as Rehabilitator for Casualty Reciprocal Exchange and Equity Mutual Insurance Company (the …

Cobalt Corp. Names Granger to Post

Cobalt Corporation has named Lorna Granger as its Senior VP, General Counsel and Corporate Secretary, effective Feb. 3, 2003. She will direct the legal staff for Cobalt and its subsidiary, Blue Cross & Blue Shield United of Wisconsin. Granger succeeds …

Xchanging Unveils Enhanced Claims Review – ECR – Service

Business Process Outsourcing company Xchanging has launched the second phase of its ECR Service to review non-moving claims files for the Lloyd’s market for years of account 1993 onwards. It is estimated that around (pounds)1billion of reserves are held across …

Security Fund Takes Over Eel River Workers’ Comp Payments

California Department of Industrial Relations (CDIR) Acting Director Chuck Cake has ordered the state’s Self Insurers’ Security Fund to take over payment of Eel River Sawmill’s workers’ compensation claims following the company’s default on payment of benefits. According to the …