July 24, 2003
The United States Chamber of Commerce and the Manhattan Institute’s Center for Legal Policy have issued two papers on the growing hazard of mold litigation and the lack of scientific evidence linking mold to health problems. In “A New Plague …
July 24, 2003
RenaissanceRe Holdings Ltd. reported $124.4 million in second quarter net operating income available to common shareholders, compared to $93.3 million in the second quarter of 2002. Operating income excludes realized investment gains of $55.8 million and $3.0 million in the …
July 23, 2003
The Insurance Commissioner of Delaware, Donna Lee Williams has reportedly ensured that the new InsureNet Insurance Verification System will provide free access to anyone wishing to use it. Soon, motorists will be able to check their insurance status and that …
July 23, 2003
The Financial Services Committee is expected to consider an amended version of H.R. 253 on Wednesday, a bill to reauthorize and reform the National Flood Insurance Program (NFIP). “The National Association of Independent Insurers (NAII) supports reauthorization of the NFIP …
July 23, 2003
New Jersey Attorney General Peter Harvey announced that two Union County insurance agents have been charged by the Division of Criminal Justice – Office of Insurance Fraud Prosecutor with collecting thousands of dollars in premium monies from insurance purchasers and, …
July 23, 2003
Itasca, Ill.-based brokerage giant Arthur J. Gallagher & Co. reported its financial results for the three- and six-month periods ended June 30, 2003. “We are extremely pleased with the pretax margin improvements seen in our Brokerage segment during the second …
July 23, 2003
Texas Insurance Commissioner Jose Montemayor offered Texans effected by Hurricane Claudette some basic, common sense steps to take, and mistakes to avoid, as they attempt to receive a prompt and fair settlement from their insurance company. “People who need help …
July 23, 2003
Three statewide insurance trade associations won a preliminary ruling by the Superior Court of California enjoining the California Department of Insurance from implementing a new set of amendments to the Fair Claims Settlement Practices Regulations scheduled to take effect July …
July 23, 2003
Both parties to a UAL Corp. lawsuit against Insurance Co. of Pennsylvania, a unit of American International Group, have agreed to put a 90-day stay on the matter in an attempt to reach a settlement out of court, according to …
July 23, 2003
New Jersey Attorney General Peter Harvey announced that a Passaic County man was sentenced by Union County Superior Court Judge Rudy Coleman on a charge of receiving stolen property for possessing a stolen automobile. According to Vaughn McKoy, Director, Division …