Monthly Archives: <span>January 2005</span>

CRM Appoints New Calif. Claims Account Coordinator

Compensation Risk Managers of California LLC (CRM) announced the appointment of Edward Low as the firm’s new claims account coordinator for California. Low has extensive experience in workers’ compensation insurance coverage as a claims examiner. In his new position with …

Emergency Declaration Issued for Ind. Snowstorm

The head of the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) announced this week that federal disaster funds have been authorized for Indiana to supplement state and local government costs for responding to the record snowstorm that …

U.S. District Court Notes Holocaust-Era Swiss Bank Funds Can be Claimed Against New List of 3,100 Names

Swiss banks have reportedly agreed to the publication of an additional 3,100 names of bank account holders who were probably Holocaust victims, giving survivors and heirs of Nazi victims another opportunity to apply for long-delayed compensation from accounts that were …

Fireman’s Fund Chooses AT&T for Networking Services

Fireman’s Fund Insurance Co. announced a five-year, $42 million contract with AT&T for a secure, high-speed, integrated network. AT&T’s design and management of an Internet Protocol Virtual Private Network (IP VPN) will reportedly provide 4,500 employees in 60 FFIC locations …

U.S. Tort Costs Rise in 2003, but at More Moderate Pace Than in Prior Years, According to Tillinghast Study

U.S. tort costs reached a record $246 billion in 2003, or approximately $845 per person, according to U.S. Tort Costs: 2004 Update from the Tillinghast business of Towers Perrin. This represents a 5.4 percent increase in tort costs from 2002 …

Hurricane Pricing Model Calculates New Rates for One Florida Deductible

Florida bore the brunt of the damage from the 2004 hurricane season. ISO’s Property Claim Services unit estimates the state incurred almost $18 of the $22 billion total insured losses. According to the Florida House of Representatives, at least 30,000 …

Norwich Union to Offer Young Drivers ‘Pay As You Drive'(TM) Insurance

The U.K.’s Norwich Union has announced an innovative program to give young motorists more affordable insurance premiums. The company has launched “Pay As You Drive” (TM) for drivers between the ages of 18 and 21. Norwich described the new policy …

Allianz Hungary Expands Third Party Auto Coverage

Allianz Hungária announced that it has introduced new features to serve its motor third party liability insurance customers, and has further strengthened its position as the market leader in the country. The company’s announcement noted that Hungarian motorists are demanding …

OSHA Partners with Greater Hazleton (Pa.) COC

The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) and the Greater Hazleton Chamber of Commerce have joined forces to promote workplace safety and health. The alliance began officially last Friday at a signing ceremony in Hazleton. OSHA …

ABI: War on Drunk Driving Has Changed, But Strategies to Address it Have Not

As the Inspector General of the Department of Transportation audits Federal and state efforts to reduce alcohol-related injuries and fatalities, The American Beverage Institute (ABI) has issued a letter to members of Congress strongly urging a shift of focus to …