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

New Deadline Set for Holocaust Claim Filings

Florida’s Holocaust survivors and their heirs now have until September to file insurance claims with the international panel that adjusts unpaid policies, Chief Financial Officer Tom Gallagher reported. The new deadline for filing a claim with the International Commission on …

Allianz Posts $1.28B 2002 Loss; Cites Write-downs, Dresdner, Flood Losses

Germany’s Allianz AG joined the parade of big insurance companies that had a very bad year in 2002. For the first time since the end of the Second World War Europe’s largest insurer posted an annual loss, and not a …

S&P’s Cuts Ratings on Euler Hermes Group to ‘A+’; Outlook Stable

Standard & Poor’s has lowered to ‘A+’ from ‘AA-‘ its long-term counterparty credit and insurer financial strength ratings on the core operating entities of the French credit insurance group Euler Hermes. At the same time, the short-term counterparty credit rating …

MedRisk, HMonline Release Plans to Add New Efficiencies to Workers’ Comp

Health Management Online, Inc., (HM) and MedRisk, Inc., released plans to implement new efficiencies into workers’ compensation. HM has reportedly successfully implemented a novel approach to expedite workers’ compensation bills and medical notes from the healthcare providers to insurance payers. …

N.Y. Authorities Charge Four in $68,400 WC Fraud Scheme

Queens District Attorney Richard Brown, New York State Insurance Department Superintendent Gregory Serio, New York State Workers’ Compensation Fraud Inspector General John Burgher, Jr. and New York City Transit President Lawrence Reuter, jointly announced that four Queens residents have been …

Infinity P&C Happy with 4thQ, Year 2002 Results

Infinity Property and Casualty Corporation of Birmingham, Ala. today reported earnings of its operations for the 2002 fourth quarter and full year as well as pro forma earnings as though Infinity had been a public company for all of 2001 …

Kan. Commissioner Sounds Off on Scoring, More

Kansas Gov. Kathleen Sebelius “will be amenable to signing” a bill to restrict credit-based insurance scoring, according to Insurance Commissioner Sandy Praeger. Sebelius, a Democrat who served as insurance commissioner for eight years before her election to the governor’s mansion …

Appraisal Becomes an Option in Swiss Re/Silverstein WTC Dispute

Federal District Court Judge John Martin has ruled that Silverstein Properties, the master leaseholder of the World Trade Center, must submit the dispute over the valuation of the buildings lost as a result of the Sept. 11 attacks to an …

WCIRB Releases 2002 Annual WC Report

The California Workers’ Compensation Insurance Rating Bureau (WCIRB) 2002 Annual Report is now available on the WCIRB Web site. The online publication is representative of the WCIRB’s increasing utilization of its Web site and the Internet to communicate with its …

Acordia Launches New National Risk Finance Group

Chicago-based Acordia Inc. has established a Risk Finance Group that will serve as a national resource for both clients and producers. The new group will offer client consultations and other insurance services to protect clients from the financial risks associated …