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

Insurers Sue Terror Supporters for 9/11 Losses

Dozens of insurance companies, acting as members of five large insurance groups—Chubb, American Re, Zurich American, One Beacon and Crum & Forster—have filed a lawsuit in two cities against Al Qaida and other terrorist organizations to recover billions of dollars …

Authorities Seek Additional Victims in Calif. Broker-Agent’s Scam

Investigators with the California Department of Insurance (CDI) and the Glendale Police Department are asking for more victims to come forward after the arrest and conviction of Nahed Sabri El-Hawary on eight counts of grand theft. El-Hawary, 35, aka Nina …

N.J. Man Sentenced for Participation in Phony Staged Auto Accident Scheme

New Jersey Attorney General Peter Harvey announced that an Essex County man has been sentenced in Superior Court for his reported role in an organized scheme to illegally obtain official police accident reports in order to collect more than $36,000 …

Minn. Supreme Court Upholds ‘American Rule’

The Minnesota Supreme Court ruled that the state district court’s decision to award attorneys’ fees and costs was erroneous in the case in re: Silicone Implant Insurance Coverage Litigation. The court’s ruling agreed with the position taken by the National …

Gov. Bush Sees Hope for Industry in Florida and Nationally

From medical malpractice to workers’ compensation, Florida Gov. Jeb Bush {R} has been working with insurance industry leaders to solve problems in the Sunshine State during his two terms in office. The issues in Florida are also being watched nationally …

Rainbow International Notes Company Name Change

Rainbow International® Carpet Care and Restoration Specialist will change its name to Rainbow International® Restoration and Cleaning, effective immediately. “As Rainbow International has grown to serve our national and international customer base, the range and demand of our services have …

A.M. Best Affirms FSR of Brit Insurance Limited; Withdraws Rating on Brit Insurance -UK- Ltd.

A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of Brit Insurance Limited (BIL) (United Kingdom) and removed the rating from under review based on BIL’s August underwriting plans. The outlook is now stable. At the same …

Reinsurance Rendezvous Highlights Poor Results, Future Direction

The annual Reinsurance Rendezvous in Monte Carlo, which began last weekend, has put the spotlight on the altogether mixed results the industry has posted over the last three years. Both Standard & Poor’s and A.M. Best have issued reports coinciding …

GAB Robins Forms Alliance with Zurich North America

GAB Robins, a provider of claims services, has entered into a strategic alliance with the companies of Zurich North America. GAB Robins will be handling all levels of property claims for Zurich, and will be utilizing its various state-of-the-art technology …

Copart Acquires Ore. Facility

Copart, Inc. announced that it has acquired a salvage facility in Eugene, Oregon. With the addition of this 19-acre location Copart now has 104 locations throughout North America. “The Eugene facility will help reduce towing costs and relieve capacity issues …