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

Loss Consultants Advise Florida Business Owners: Don’t Suffer Twice from the Same Disaster

According to loss consulting firm Adjusters International, when a hurricane damaged Marty Saturn’s Marriott Hotel in Key West, Florida, he had two concerns—keeping his customers happy and his hotel running. That is why he turned to outside assistance in the …

HAP Web Site Posts Hospital Safety Survey Results

Detroit-based Health Alliance Plan (HAP) reported it has posted the 2003 Leapfrog Group Hospital Quality and Safety Survey results on its Web site, www.hap.org. The company said the information will help health care consumers, HAP members and employers evaluate the …

Converium Completes External Reserve Review; Share Issue to Raise $420 Million

Zurich-based Converium Holding AG announced that an external reserve review, conducted by the actuarial consulting firm Tillinghast-Towers Perrin, confirms reserves to be “within a reasonable range of actuarial estimates for the segments reviewed.” Last July’s announcementof of adverse reserve developments, …

PCI to Hold Inaugural Annual Meeting in October

Bill O’Reilly, Fox News’ controversial, irascible and outspoken commentator, will highlight a line-up of nationally known speakers at the inaugural Annual Meeting of the Property Casualty Insurers Association of America (PCI). The meeting is scheduled for Oct. 24-27, 2004 in …

Louisiana Agent Arrested for Alleged Fraud

The Louisiana State Police Fraud Unit arrested a Leesville, La., insurance agent and Department of Insurance Fraud Unit investigators issued the man a Cease and Desist Order and Summary Suspension of his license for allegedly fraudulently obtaining loans from customers’ …

Insurers to Coastal Residents in Texas: Be Prepared

Residents along the Gulf Coast of Texas can learn a lot from the experiences of those people in Florida who were victims of Hurricane Charley, according to Jerry Johns, president of Southwestern Insurance Information Service, an insurance industry trade group. …

S.C Hit by Tropical Storm Gaston

South Carolina residents steeled themselves for a battering early Sunday as Tropical Storm Gaston, just under hurricane strength, picked up speed as it spun toward the South Carolina coast. Mayor Joseph P. Riley Jr., who led Charleston’s recovery after it …

Typhoon Chaba Hits Southern Japan

Typhoon Chaba, packing 130 mph (210 km/h) winds, struck the Southern Japanese Island of Kyushu earlier today, knocking out electrical power to some 300,000 homes, and causing 6000 people to be evacuated to higher ground, as winds, rain and high …

Hurricane Frances Heading towards U.S.

The National Hurricane Center in Miami is currently tracking Frances, another powerful storm, which could strike the U.S. mainland by the end of the week. Frances is packing sustained winds of 125 mph (205 km/h) with hurricane force winds extending …

Tropical Storm Hermine Heads for Northeastern U.S.

Although Tropical Storm Hermine is currently around 450 miles (720 kms.) off the coast of North Carolina, its projected path puts it on a course for the Northeastern U.S. by later this week. Hermine isn’t a hurricane, but it still …