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

Schwarzenegger Announces Additional Assistance for Fire Victims

California Governor Arnold Schwarzenegger has announced cash grants of up to $10,000 are available to help some individuals who have suffered losses in the Southern California fires. The grants are administered by the California Department of Social Services as a …

S.D. Court Says Insurance Does Not Cover Lawsuit on Wife Stealing

South Dakota’s public policy prevents insurance from covering damages in lawsuits against those accused of stealing another’s spouse, the state Supreme Court ruled Thursday. The high court’s unanimous decision said an Aberdeen doctor cannot make an insurance company protect him …

Gary Schertz is Hired for National Sales Manager for QueryPlus Sales to Retail Agents Insurance Space

Valencia, CA, October 30, 2007 – QualCorp, Inc. has spent the previous 3 years designing and building a state-of-the-art reporting tool for non-IT savvy users. “Due to the initial overwhelming response from the focus groups we conducted, we needed a …

Ratings Roundup: Assurant, Dongbu (U.S.), Home Pointe

Standard & Poor’s Ratings Services has affirmed its ‘BBB+’ counterparty credit rating on Assurant Inc., removed it from CreditWatch negative, and assigned a negative outlook to the company. S&P also affirmed its ‘A’ counterparty credit and financial strength ratings on …

Ratings Recap: Everest Re, Groupama, First Net, Novae, Hiscox, Amlin, Eurasia, Amlin (Bermuda), HSBC Re

Standard & Poor’s Ratings Services commented on an announcement by the Bermuda-based Everest Re Group Ltd. (A-/Negative/–) and related subsidiaries (collectively referred to as Everest). Following its third-quarter earnings release, Everest said it would “be reviewing the asbestos claims notifications …

Barney and Barney Seeks Gloves, Masks to Assist Fire Victims

Barney & Barney announced it is collecting gloves and masks to assist with fire cleanup in San Diego. According to the company, gloves and breathing masks are the most difficult items to find as fire victims return to their lost …

Calif. Low Cost Auto Program Implemented Statewide

California Insurance Commissioner Steve Poizner announced his final determination of need for the California Low Cost Automobile Insurance program in Alpine, Colusa, Del Norte, Glenn, Inyo, Lassen, Mariposa, Modoc, Mono, Nevada, Plumas, San Luis Obispo, Sierra, Siskiyou, Tehama and Trinity …

Analyst: Wildfire Losses Estimated To Be At Least $1.5 Billion

Using the latest information on current and forecast fire perimeters and observed wind speeds, catastrophe risk modeling company AIR Worldwide Corp. estimates insured losses from California wildfires will be at least 1.5 billion. As of press time, seven fires remained …

Ohio Supreme Court Tosses Out $30 M Verdict in Medical Malpractice Case

The Ohio Supreme Court threw out a record $30 million verdict won by a brain-damaged man, citing his Detroit-area attorney for inappropriate theatrics in court. The verdict, the state’s largest medical malpractice award, was influenced by Geoffrey Fieger’s behavior, Justice …

Polk and ISO to Integrate ISO Liability Symbols

R. L. Polk & Co., a provider of automotive information and marketing solutions to the automotive world, and ISO, a provider of risk-related products to the insurance industry, announced that Polk will now offer the ISO Liability Symbols product for …