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

Louisiana’s High Risk Health Pool Accepting New Applicants on Limited Basis

Louisiana Insurance Commissioner Robert Wooley announced that the state’s high risk health insurance pool is now accepting new enrollment for 225 policyholders. The Louisiana Health Plan provides health insurance to those individuals who have been denied coverage by traditional, private …

Fireman’s Fund Names Bhojwani President of Commercial Business Segment

Gary C. Bhojwani has been named president of Commercial Business for Fireman’s Fund Insurance Company. He was previously president of Lincoln General Insurance Company, a subsidiary of Kingsway Financial Services. The announcement noted that “Bhojwani has demonstrated success at achieving …

CSC and Zurich in Talks on Outsourcing Agreement

California-based Computer Sciences Corporation announced that it has been selected to enter into due diligence and contractual negotiations for a multi-year information technology (IT) applications outsourcing agreement with Swiss-based Zurich Financial Services. Under the terms of the proposed global agreement, …

S&P Affirms Zurich Specialties ‘A’ Rating; Off Watch

Standard & Poor’s Ratings Services announced that it has affirmed its ‘A’ long-term counterparty credit and insurer financial strength ratings on Zurich Specialties London Ltd. (ZSL), and removed it from its CreditWatch, where it had been placed last last December. …

Ohio Gov. Announces Disaster Unemployment Assistance Following Storms

Governor Bob Taft announced on Monday that Ohioans affected by the recent storms and flooding in Athens, Columbiana, Cuyahoga, Lorain, Medina, Noble, Perry and Summit counties are eligible for additional assistance through the Ohio Department of Job and Family Services. …

ProCentury Corp. Reports Q1 Numbers

Ohio-based ProCentury Corporation announced financial results for the three months ended March 31, 2004. On April 26, ProCentury completed an initial public offering (IPO) in which it issued eight million of its common shares at an initial offering price of …

Mass. Grants Extra 30-Days for Assigned Risk Rules

The board of the high risk auto insurance pool in Massachusetts has been granted an additional 30 days to finalize new rules for implementation of an assigned risk style plan. Commonwealth Auto Reinsurers (CAR), under an April 29 order from …

In Pa., ‘The Family’ Charged in Slip-and-Fall Scam

Six people, including three siblings, were charged with insurance fraud for what authorities called a long-running slip-and-fall scam in the Altoona, Pa. area. Attorney General Jerry Pappert said that the group, which called themselves “The Family,” defrauded insurance companies by …

Supreme Court Ruling Paves the Way for NAFTA

The U.S. Supreme Court unanimously agreed Monday to overturn a lower court ruling that had required the U.S. Department of Transportation to undertake an environmental impact study under the Clean Air Act before opening the U.S.- Mexico border under the …

Kentucky Gov. Sends Formal Request for Federal Assistance in Storm Damaged Areas

In a letter to President George W. Bush, Kentucky Governor Ernie Fletcher has requested a declaration of “a major disaster for the Commonwealth as a result of devastating storms that moved through Kentucky producing tornadoes, floods, flash flooding, and mud …