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

CSC Licenses Its Exceed P/C Software to The Hartford

Computer Sciences Corporation announced that The Hartford Financial Services Group has signed a multi-year license for CSC’s Exceed, a comprehensive software system for the property and casualty industry. Under the new agreement, CSC will implement Exceed for use in The …

Alliance Urges Against Mo. Mold Cover Mandate

The Alliance of American Insurers has urged the Missouri Department of Insurance not to issue a proposed bulletin that would require insurers to provide coverage for mold damage in personal lines policies. “The Department of Insurance currently permits insurers to …

Aon Study Reports Homeowners ROE Still Improving but at Slower Rate

Aon (www.aon.com) announced the results of Aon Re Worldwide’s second follow-up study of return on capital in the U.S. Homeowners insurance marketplace. The results of the study reportedly reveal further improvement in expected return, although the rate of improvement has …

LRP Publications’ Chicago Conference Offers Free ‘Expo Pass’ for Nov. 19-20 Workers’ Comp Exhibit

More than 1,000 attendees and 200 exhibitors will visit Chicago’s Lakeside Center at McCormick Place for the 12th annual National Workers’ Compensation and Disability Conference(R) & Exhibit, Nov. 19 through the 20th. Chicago-area residents working in workers’-compensation or disability-related industries …

Okla.’s Fisher to Relinquish His Official Vehicle

After pleading no contest to a charge of driving while intoxicated, Oklahoma Insurance Commissioner Carroll Fisher agreed to give up his official state car, according to Associated Press reports. He was driving his state car when he was pulled over …

Argonaut Group Notes Q3 Results; Core Business Segments Produce Sub-100 Combined Ratio

Texas-based Argonaut Group, Inc. announced financial results for the three- and nine-month periods ended Sept. 30. Highlights for the third quarter of 2003 include the following: – The company’s continuing segments produced a combined ratio of 97.4 percent; – Cash …

Two Die in Ala. Fire; Reportedly No Smoke Detectors in House

Two Jasper, Alabama residents died in a house fire Monday night. Walker County 911 received a call reporting the fire at 11:38 p.m. at which time Jasper Fire Department was dispatched to the scene. Guynell Kennedy Bray, age 77, and …

Zenith National Notes Q3 Results

California-based Zenith National Insurance Corp. reported net income of $16.1 million, or $0.85 per share, for the third quarter of 2003 compared to net income of $8.7 million, or $0.46 per share, for the third quarter of 2002. Net income …

Farmers Claims Team Assists Victims of San Diego Fires

Farmers Insurance Group of Companies is advising its customers suffering damage from the recent fires to immediately contact their agent or call the 24-hour claims hotline, 800-HelpPoint (1-800-435-7764). Farmers Insurance has reportedly received over 150 homeowners claims in the San …

N.J. Man Sentenced as Part of $500,000 Fraud Scam

New Jersey Attorney General Peter Harvey announced that a Burlington County man charged as part of a multiple-defendant insurance fraud scam has been ordered to repay an insurance company nearly $9,000 as part of a wide-ranging auto insurance fraud theft …