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

Brief Filed for Sex Harassment Class Action Against Aon Subsidiary

A brief filed Friday supporting class certification in sexual harassment and discrimination lawsuit against an Aon subsidiary, Combined Insurance Co. of America, included excerpts from 128 declarations signed by former and current women employees who detailed the pervasive discriminatory and …

Allied World Assurance Holdings Notes 1stQ Earnings

Bermuda-based Allied World Assurance Holdings, Ltd reported net income of $55.8 million for the first quarter, compared to $17.8 million for the first quarter last year. Allied World Assurance Holdings, Ltd was incorporated in Bermuda on Nov. 13, 2001. The …

Coalition Urges Assembly Banking and Insurance Committee to Back Choice and Competition Act

The Coalition for Auto Insurance Competition is urging the Assembly Banking and Insurance Committee to favorably release the “New Jersey Automobile Insurance Choice and Competition Act,” scheduled for consideration Monday, May 5. The New Jersey Automobile Insurance Choice and Competition …

S&P’s Cuts Liberty Mutual Ratings, Off Watch

Standard & Poor’s has lowered its counterparty credit and financial strength ratings on Boston-based Liberty Mutual Insurance Co. (Liberty Mutual) and related entities to ‘A’ from ‘A+’ and removed them from CreditWatch, where they were placed on April 4. In …

Victims of Health Care Access Crisis to Call on Reid to Support Medical Liability Reform

Three victims of the escalating crisis in health care access nationwide will join Nevada seniors, health care professionals and business leaders at a rally and news conference in Las Vegas Tuesday, May 6 to urge U.S. Senator Harry Reid (D-NV) …

NAII Says No-Fault Reform Legislation is No Bargain for Colo. Residents

Colorado’s major automobile insurers are reportedly urging lawmakers to reject a last ditch no-fault auto insurance reform plan that would offer no cost saving for policyholders. Members of the National Association of Independent Insurers (NAII), which consists of the state’s …

ISO Tech Conference to Explore Terrorism, Mold, Med-Mal, ID Theft

The Insurance and Technology Conference, sponsored by Insurance Services Office, Inc. (ISO), will be held Nov. 2-4 at the Disneyland Hotel in Anaheim. Dr. James Canton, futurist and author, will be the keynote speaker, discussing: RealTime: Creating Competitive Advantage in …

Teradata Program Enabling Companies to Cut Hidden IT Costs

Teradata, a division of NCR Corporation, announced a data mart consolidation program designed to help insurance companies save millions by tackling a common problem hidden within their information technology (IT) infrastructures – too many data warehouses, not enough information. By …

Penn-America Group Inc. Appoints Slomiany VP of Claims for Subsidiaries

Pennsylvania-based Penn-America Group, Inc. appointed Richard Slomiany vice president of claims for the company’s insurance subsidiaries. Slomiany joins Penn-America following a 23-year career with Harleysville Insurance Company where he began as a claims adjuster and rose to assistant vice president …

Unlicensed Plan Reportedly Cost Texas Apartment Owners Millions

Texas Insurance Commissioner Jose Montemayor has issued an emergency cease-and-desist order against an alleged unauthorized insurance scheme that may have cost apartment owners and condominium associations millions of dollars in premiums for bogus property and liability coverage. Victims were concentrated …