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

eAutoclaims Reports Signing of Four New Clients

Florida-based eAutoclaims announced the signing of four new clients. All of the new clients have executed pilot agreements, and three have been rolled out over the last 30 days. The fourth client will be rolled out later this month. The …

Wis. OCI Unveils 2003 Above Average Complaints Report

According to the “2003 Insurance Complaints and Administrative Actions” report, nearly 8,000 consumers contacted Wisconsin’s Office of the Commissioner of Insurance (OCI) last year to file a complaint. The annual report issued by OCI lists companies with at least six …

Ohio Sentences Man for Workers’ Comp Fraud

The Ohio Bureau of Workers’ Compensation (BWC) announced a South Point worker has been indicted for fraud. Joseph Effingham, a resident of Huntington, W. Va., plead guilty to one misdemeanor charge of workers’ compensation fraud. He was sentenced to one …

Spectator Injured by Foul Ball Strikes Out at Fenway

A spectator at a Boston Red Sox game who was hit and permanently injured by a foul ball has been blocked from holding Red Sox management responsible even though she was ignorant of the game, its dangers and the risk …

EQECAT Releases High Resolution Tornado/Hail Catastrophe Model; Cites Potential $11 Billion Loss

Oakland Calif.-based EQECAT, Inc. has announced the release of its U.S. Tornado/Hail/Straight Wind model, for assessing and managing insurance risk associated with these key natural hazard perils. The bulletin noted that the new model “is the latest addition to EQECAT’s …

The Hartford Tops Field for ACORD P/C Awards

The Hartford Financial Services Group, Inc. was recently recognized for its leadership in standards-based communications with six awards presented by ACORD (Association for Cooperative Operations Research and Development) at the recent ACORD LOMA Insurance Systems Forum. “We realized early on …

Riskclick Names DeSocio CEO

New York-based Riskclick, a leader in Web-based front office software solutions for the commercial risk management, insurance and reinsurance industry, announced that James DeSocio has been appointed as its new CEO. “DeSocio brings 22 years of executive level experience to …

PCI Calls Safety Rule Enforcement Most Important Concern after NAFTA Trucking Decision

The Property Casualty Insurers Association of America has issued a comment on the recent unanimous decision by the Supreme Court to allow Mexican trucks to use U.S. highways (See IJ Web site June 7). The PCI said the “crux of …

Lloyd’s Reports Progress on Implementing LMP Slips

Lloyd’s has released its first report on slip quality since mandating the use of the LMP (London Market Principles) slip at the start of the year. The study analyzes overall market performance, using a balanced scorecard assessment, i.e. “a weighted …

AWAC Opens New York Branch

Allied World Assurance Company (U.S.) Inc., a subsidiary of Bermuda-based Allied World Assurance Holdings, Ltd., announced the formation of a branch office in New York City. Initially, the new office will focus on AWAC’s management liability products in the U.S. …