Risk Management Solutions (RMS) announced the launch of RiskLink and RiskBrowser 4.5, the latest versions of its catastrophe modeling systems. The upgraded systems include new underwriting capabilities, expanded accumulation management functionality, and the addition of new models for Belgium flood, …
San Antonio, Texas-based Argonaut Group Inc. reported third quarter net income dropped by 62 percent, largely as a result of the four hurricanes that hit Florida in late summer. Gross written premiums for third quarter 2004 were $261.5 million, an …
Zurich Financial Services Group announced that it has sold Turegum Insurance Company to Harper Holding Sarl, a subsidiary of Castlewood Holdings Limited. The transaction was closed effective as of July 1, 2004. “Under the terms of the agreement Zurich has …
What’s in a name? To the Ohio Bureau of Workers’ Compensation (BWC) automated detection and intelligence Team (AD&I), names found in certain state databases can signal potential workers’ compensation fraud. By working with other state agencies and reviewing internal data, …
Chicago-based Aon Corp. (NYSE:AOC) has reported third quarter and nine months 2004 results. Net income per share for the third quarter was $0.36 for both 2004 and 2003. Net income from continuing operations was $121 million or $0.36 per share …
Pennsylvania Attorney General Jerry Pappert has filed a lawsuit seeking a preliminary injunction to stop an Erie man from practicing law and giving financial and tax advice without the proper licenses. Among the complaints is that the man tried to …
New Jersey Division of Criminal Justice Director Vaughn McKoy announced that an Essex County man has been ordered to perform 150 hours of community service and to serve three years probation for attempting to defraud State Farm Insurance Company out …
Good-hearted goblins should protect themselves from lawsuits before they drop Halloween candy in little kiddies’ goodie bags this year, warns a group of lawsuit-busting food companies. While millions of kids and countless parents knock on doors this holiday hoping for …
The best way for the Florida legislature to respond to this year’s devastating hurricane season is to take a thoughtful and rational approach when considering measures to improve the current well-designed strategy for handling catastrophic losses, according to the Property …
Alexander Silva, of Sylmar, Calif. and formerly a licensed insurance broker, pled guilty Oct. 22, 2004, to one count of grand theft. Silva was sentenced to 30 days in Los Angeles county jail, five years probation, and ordered to pay …