Monthly Archives: <span>March 2007</span>

New AIG Unit Formed to Help Manage Terrorism Exposure and Risks

The AIG Companies announced the formation of AIG Homeland Security Solutions. The new specialty unit will provide access to insurance, risk management and security products and services to help companies work to prevent, mitigate and recover from terrorist incidents and …

UCLA Study Indicates Most Calif. Workers OK With Workers’ Comp Care

The vast majority of injured workers in California have access to quality medical care, yet a majority still suffer from injuries even after a year of care, according to a study conducted by the UCLA Center for Health Policy Research …

Former Okla. Insurance Commissioner Released from Jail

A judge ordered former Oklahoma Insurance Commissioner Carroll Fisher released from jail on Mar. 5, but took away his privilege to work under terms of an appeal bond. Oklahoma County Judge Kenneth Watson mandated that Fisher not leave his house …

Two Arrested in Calif. for Staging Auto Accidents

Two suspects in California have been arrested in connection with staging automobile accidents and filing insurance claims for medical treatment they falsely claimed to have received in other countries, according to the California Department of Insurance. According to investigators, Ron …

Iowa Lawsuit Alleging Fatal Fire from Ford Pickup Settled

An eastern Iowa man whose wife died in a fire he said was caused by a Ford pickup truck has settled a lawsuit with the auto manufacturer. Earl Mohlis, 78, said Monday he still cries over the loss of his …

New Insurer Caters PUREly to Florida High Net Worth Clientele

Florida’s wealthy and privileged residents have a new personal lines insurer promising to save them money on premiums for their homes, cars and belongings. The company will sell property/casualty insurance for high value homes, cars, jewelry, art, and personal excess …

The Hartford Sells Medical Stop Loss Business to UnitedHealth Unit

The Hartford Financial Services Group, Inc. has agreed to sell its medical stop loss insurance business to National Benefit Resources, Inc. (NBR), a subsidiary of UnitedHealth Group, Inc. The transaction is expected to close in early April. The terms were …

22 Die, 118 Survive Java Air Crash

118 people miraculously escaped the flaming wreck of a Garuda Airlines Boeing 737-400, which slid off the runway at Yogyakarta airport in Java while landing. 22 people, however, died in the crash. According to news reports, survivors said the plane …

Marsh Comments on Effect of EU’s ‘REACH’ Regulations

On 29 October 2003, the European Commission adopted a proposal for a new EU regulatory framework for chemicals. The new system, dubbed REACH (Registration, Evaluation and Authorization of CHemicals), outlined a complex regulatory system. Basically it mandates that enterprises who …

West Va.’s Brickstreet Mutual Reports Profitable First Year

The company that runs the state’s workers’ compensation program said it earned $70.7 million during its first year in business. The profit will help build BrickStreet Mutual Insurance Co.’s reserves to take care of long-term debt, company spokesman Andy Wessels …