Seattle-based Safeco announced a new leadership structure for the company, reflecting its evolution from a turnaround concern to a profit-and-growth enterprise. The cornerstone of the structure is the newly created “Office of the President,” which will be led by Safeco …
AIR Worldwide estimates that insured losses from Hurricane Jeanne will fall between $5 billion and $9 billion. This estimate was calculated by AIR Tropical Cyclone Model and is based on data provided by the National Hurricane Center. Hurricane Jeanne made …
The Primary Claims division of AIG Domestic Claims, a division of the AIG Companies, announced the launch of IntelliRisk NetSource 6.0, an enhanced version of the web-based claims analysis and inquiry system. Version 6.0 features the integration of a new …
Iowa-based EMC Insurance Group Inc. has reported that losses associated with three of the four hurricanes that hit the southern United States during the third quarter of 2004 are estimated to total approximately $6.9 million. The company’s reinsurance segment anticipates …
Stop, drop and roll… crawl low in smoke … practice home fire drills. At schools throughout the nation during October’s Fire Prevention Week, many schoolchildren will be drilled in such fire safety basics as don’t play with matches and crawl …
Illinois Attorney General Lisa Madigan said attorneys in her office have secured a guilty verdict in a case involving a Cook County woman who reportedly fraudulently billed the Illinois Department of Public Aid (IDPA) for more than $400,000 in psychiatric …
CompWest Insurance Company has been licensed as a workers’ compensation insurer by the California Department of Insurance, responding to the significant capacity shortage in the California market. Trident III L.P., a private equity fund managed by MMC Capital, is the …
Homeowners, landlords and business owners are urged to check with local and county governments regarding permits before repairing or rebuilding a structure damaged by Hurricane Ivan. There can reportedly be strict local requirements on how and where structures may be …
Peoria, Ill.-based surplus line insurer RLI Corp. has reported a preliminary range of after-tax losses from Hurricane Ivan of $3 million to $3.5 million. This estimate is based on actual claim activity to date and projections by the company’s catastrophe …
A probe into improper sales of life insurance products to soldiers at Fort Benning, Ga. is expanding to other bases, other states, and as many as five companies, according to Georgia Insurance Commissioner John Oxendine. The investigation was sparked by …