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

Northeastern Oklahoma I-Day Scheduled for Mar. 2

The Northeastern Oklahoma Chapter of CPCU announced it will hold I-Day 2005 on Mar. 2, 2005, in Tulsa. The event runs from 8:30 a.m. to 12:30 p.m. and includes continuous education credit courses for agency and claims. Breakfast starts at …

Promina Group Posts 53.7 Percent Net Profit Increase to $360 Million; S&P Comments

The Promina Group, Australia and New Zealand’s second largest general insurer, posted a 53.7 percent increase in net profits for 2004 to A$458 million (U.S. $360 million), despite a decision to increase its reserves for asbestos claims by A$60 million …

Kansas DOI Pushes Tougher Fraud Penalties; Consumers Face Billions in Unpaid Claims

The Kansas Insurance Department has asked the legislature to consider legislation that would help the department deal with the ever growing problem of insurance fraud. A 2003 Newsweek study indicates the insurance industry nationwide suffers three times the economic loss …

Bancinsurance Hires Merlinos & Associates to Analyze Ohio Indemnity Loss Reserves

Columbus, Ohio-based specialty insurer Bancinsurance Corp. announced that Merlinos & Associates Inc. has been engaged to provide actuarial consulting services to its subsidiary, Ohio Indemnity Co. Merlinos & Associates will perform an analysis and issue a statement of actuarial opinion …

Ind. Disaster Application Deadline Approaches

Indiana resident and business owners in the 85 disaster-declared counties who sustained damage from the severe winter storms and flooding that occurred between Jan. 1 and Feb. 11 have only one month to apply for disaster assistance. March 22 is …

MetLife to Tell Travelers Employees of Job Status

MetLife Inc. will inform employees of Travelers Life & Annuity in Hartford, Conn. by April 4 whether job cuts will be imposed after Travelers is acquired, according to a memo. MetLife, which plans to buy Hartford-based Travelers and international insurance …

Hall Elected Chairman of Calif. SLA

The members of the Surplus Line Association of California unanimously elected Rupert Hall as their chairman during their recent SLA Annual meeting. Hall is the President and CEO of M.J. Hall & Company Inc., a surplus line brokerage headquartered in …

Former Conn. Broker Sentenced in Fraud Scam

The United States Attorney for the District of Connecticut announced that James M. Corey, 43, of Prospect, Connecticut, was sentenced by Senior United States District Judge Ellen Burns in New Haven to 24 months of imprisonment, followed by three years …

Nominations Open for Third Annual CHOICE Workers’ Compensation Awards

A call for nominations for the third annual Florida CHOICE Awards for Workers’ Compensation has been issued by CHOICE Medical Management Services LLC of Tampa, Fla. The program recognizes physicians who deliver remarkably high-quality care, communicate promptly with all parties …

Emergency Aid Ordered for R.I. Storm Response

The head of the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) announced that federal disaster funds have been made available for Rhode Island to supplement emergency response efforts for the record snowfall that blanketed the state last …