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

Disaster Officials Remind of Importance of Flood Insurance as Winter Pacific Rains Take Shape

Wet weather offers fair warning of flooding, and disaster officials are reminding homeowners that flood insurance is available through the National Flood Insurance Program (NFIP). But do not delay. Unless people are in the process of closing on a home …

DMLR: N.C. Patients, Doctors Win with Burr Election

Doctors for Medical Liability Reform (DMLR) said North Carolina patients and physicians will see another supporter of national medical liability reform in the U.S. Senate come January 2005. On Tuesday, North Carolina voters elected U.S. Representative Richard Burr to the …

Incumbent Commissioners Join Bush in Return to Office

Joining President Bush in returning to office, a handful of insurance commissioners across the country will be back for more time in office following Tuesday’s elections. While most incumbents won rather handily, one chose not to seek re-election. Delaware’s Donna …

TIBCO Unveils Claims Management Solution

California-based TIBCO Software Inc., an enabler of real-time business and an independent business integration software company, announced the availability of a new TIBCO BPM solution, TIBCO Claims Management Framework v.2. Using the independent process layer approach, the solution combines the …

National Union Fire Insurance Co. Unveils New EPLI

National Union Fire Insurance Company of Pittsburgh, a member company of American International Group Inc. (AIG), announced the launch of EPL Leader, a new Employment Practices Liability (EPL) insurance offering that provides insurance coverage and loss prevention services to help …

Four More Years for Bush; Kerry Concedes in Phone Call to President

This time around, it won’t be a flood of lawyers and hanging chads like in 2000. In a call to President Bush Wednesday morning shortly after 11 a.m. (EST), Massachusetts Sen. John Kerry (D) conceded the 2004 Presidential election, which …

Mo. Tow Truck Owner Gets Parked

Missouri Attorney General Jay Nixon is suing a Wellston towing and storage business that Nixon says has charged outrageous amounts from consumers whose vehicles were towed. Nixon obtained a temporary restraining in St. Louis County Circuit Court against Galez Towing …

Ohio Casualty Corp. Sees 14.0 Percent Jump in Net Income for Q3 2004

Ohio Casualty Corp. (Nasdaq:OCAS) announced the following results for its third quarter ended Sept. 30, 2004, compared with the same period of the prior year: — Net income of $19.6 million, or $0.31 per diluted share, versus $17.2 million, or …

AIR Analysis Says 2004 Hurricane Season Not So Unusual After All

According to an analysis conducted by AIR Worldwide (AIR), a risk modeling company, the 2004 hurricane season should not be considered rare. The analysis, based on the AIR hurricane model, revealed that insurers should expect to see four hurricanes make …

Best Affirms Hiscox ‘A-‘ Rating

A.M. Best Co. announced that it has affirmed the U.K.’s Hiscox Insurance Company Limited’s financial strength rating (FSR) of “A-” (Excellent), and has assigned an issuer credit rating (ICR) of “a-” to the company. Best has also assigned an ICR …