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

Unitrin Group earns another “A” from A.M. Best

DALLAS, TEXAS – Strong capitalization and improved underwriting performance earned Unitrin Property and Casualty Insurance Group and its members, including Unitrin Specialty, an “A” from insurance credit rater A.M. Best Company. The “A” score was received after a positive review …

Travelers opens Claim University

Travelers announced the opening of its claim training facility in Windsor, Conn., Travelers Claim University. This new, state-of-the-art training facility is aimed at providing customers with highly-trained, expert claim professionals. The 108,000 sq.ft. educational facility is designed to give Travelers’ …

Fireman’s Fund Expands Wildfire Protection Services in Calif.

Novato, Calif.-based Fireman’s Fund Insurance Co. has expanded its territory and offerings with FireProtec, a vegetation cutting crew staffed by off-duty firefighters. Through the alliance, Fireman’s Fund said it is able to offer all its California policyholders advice on wildfire …

Calif. State Fund To Receive $46,000 in Workers’ Comp Fraud Case

Imperial Valley, Calif., County Superior Court Judge Poli Flores has ordered an employee of an El Centro, Calif., hay exporter to pay $45,996 in restitution to the State Compensation Insurance Fund in a workers’ compensation insurance fraud case. Judge Flores …

Argo Insurance Group To Host Green Building Seminar

The Argo Insurance Group, a San Francisco Bay Area commercial insurance brokerage, will be hosting a series of seminars on planning, building and protecting “green” buildings. For the first seminar in this series, “New Trends in Building Green,” Argo Insurance …

Calif. Office of Administrative Law Repeals DOI Agent/Broker “Precedential Decision”

The California Department of Insurance (CDI) has been handed a procedural setback in its effort to crack down on agents charging broker fees. This week, the California Office of Administrative Law (OAL) determined that former Insurance Commissioner John Garamendi acted …

N.D. Commissioner Says Agent Now Suspected of Taking $700,000

An insurance agent who killed herself in late March is now suspected of taking $700,000 in premium payments from a number of businesses, state officials say. They have yet to figure out why. Investigators also have not figured out what …

Converium Triples Q1 Operating Net

The announcements from Converium have featured a lot of three’s lately. The Swiss reinsurer’s latest bulletin notes that it “triples income from continuing operations in the first quarter of 2007.” Converium posted a figure of $150.9 million, compared to $49.9 …

Sullivan Confirmed as Conn.’s New Insurance Commissioner

The Connecticut House of Representatives has confirmed the nomination of a former claims executive with The Hartford, Thomas R. Sullivan, to be the state’s new insurance commissioner. The confirmation, a voice vote on a resolution offered by Rep. Claire L. …

N.Y. Senate Confirms Dinallo as Insurance Superintendent

The New York State Senate has confirmed Governor Eliot Spitzer’s nomination of Eric Dinallo as the new superintendent of the New York State Insurance Department. He has been serving as acting superintendent since January 2007. Dinallo joined the department from …