Monthly Archives: <span>April 2004</span>

Zenith Reports Q1 Numbers

California-based Zenith National Insurance Corp. reported net income of $25.1 million for the first quarter of 2004 compared to net income of $11.7 million for the first quarter of 2003. Diluted net income per share was $1.09 for the first …

Trident, Millennium Form Partnership to Insure Utilities

Trident Insurance Services LLC, a wholly owned subsidiary of San Antonio-based Argonaut Group Inc., announced the creation of a property and casualty insurance program designed specifically for public water and sewer utilities. Trident will partner with Millennium Insurance Group, a …

IVANS Updates Expansion with State DMV Offices

IVANS Inc. announced the expansion of its state department of motor vehicle reporting services to include the submission of SR22/26 filings in Arizona and support for South Carolina’s recently announced mandatory automobile liability insurance reporting program. IVANS completed its first …

Wash. L&I Cites Seattle Fire Dept. for Three Workplace-Safety Violations

The Washington Department of Labor and Industries (L&I) has issued citations to the Seattle Fire Department for three workplace-safety violations. The citations carry a combined penalty of $63,000. One of the citations, stemming from an L&I investigation of a training …

Calif. Commissioner Issues Cease and Desist Order to Halt Bail Company Operations

California Insurance Commissioner John Garamendi has moved to shut down the operations of a Reading, Pennsylvania firm reportedly found to be transacting bail bonds without a bail agent license in California. The California Department of Insurance issued a cease and …

Chamber Heightens Fight Against Excessive Punitive Damages

The United States Chamber of Commerce Institute for Legal Reform (ILR) on Wednesday hosted a strategy forum with America’s top legal experts on new strategies to curb excessive punitive damage awards that threaten the vitality of U.S. businesses. “The huge …

Allstate Case May End Use of Special Judges in La.

The use of administrative law judges to settle some legal disputes involving state agencies could be threatened by a lawsuit now before the Louisiana Supreme Court. According to Associated Press reports, the suit started in a flap over whether Allstate …

Montpelier Re Notes Net Income of $109 Million During Q1 Report

Bermuda-based Montpelier Re Holdings Ltd. reported net income of $109.0 million, or $1.59 diluted earnings per share, through March 31, 2004. The change in net unrealized gains on investments was $25.9 million for the quarter and comprehensive income was $134.9 …

W. Va. WCC Files Injunctions Against Pair of Employers

West Virginia’s Workers’ Compensation Commission recently filed injunctions against two state employers whose accounts with the Commission are reportedly in default. The injunctions were filed in Kanawha County Circuit Court against: * William E. Trail, d.b.a. Trail’s Chevron, a Jefferson …

Red River Services Launches in Texas

Red River Services recently announced the launch of its risk management, loss control and property inspection business in Houston and Dallas, Texas. The organization is up-and-running, ready to help insurance companies, managing general agencies (MGAs), third party administrators and employee …