Yearly Archives: <span>2001</span>

Hilb, Rogal and Hamilton Announces Acquisitions

Hilb, Rogal and Hamilton Co. announced it has completed the acquisitions of substantially all of the assets of Aris Insurance Services of Calabasas, Calif., and Brooks & Willmes Insurance Brokers Inc. of San Jose, Calif. Terms of the transactions were …

InsuranceNoodle Now Offers Insurance Products from Chubb

InsuranceNoodle, a distributor of small business insurance through independent insurance agencies, has been selected by the Chubb Group of Insurance Companies to distribute Innovator from Chubb(sm), an insurance product with coverages developed specifically for emerging information technology companies. The Innovator …

RIMS Opposes Reinsurance Tax Equity Act

The Risk and Insurance Management Society Inc. (RIMS) announced its opposition to the proposed Reinsurance Tax Equity Act of 2001 (HR 1755). The decision to oppose the legislation was based on concerns that it could adversely affect the reinsurance marketplace …

AIA Says OSHA Ergonomics Standard-Setting in Absence of Crucial Information Would Be Absurd August

The American Insurance Association (AIA) has joined the National Coalition on Ergonomics in submitting comments to the Occupational Safety and Health Administration (OSHA), urging the federal agency to base examination of ergonomic injuries in the workplace on sound scientific evidence. …

Ohio Agent’s License Revoked

Ohio Department of Insurance Director Lee Covington signed an order revoking the insurance license of Albert J. Henry of Milford (Clermont County), effective immediately. According to the Consent Order, Henry will immediately cease from engaging in the insurance industry and …

ACE Limited Appoints New Director

Hamilton, Bermuda-based ACE Limited announced that John A. Krol was appointed to its Board of Directors, effective immediately. Krol is the former chairman and CEO of E.I. du Pont de Nemours & Company. Krol has worked at du Pont in …

N.Y. to Require Speedier Processing of Injury Claims After Auto Accidents

The New York Insurance Department is taking a major step to help reduce insurance fraud by adopting a regulation requiring speedier processing of injury claims after an auto accident, according to the NAII. According to Joseph Termini, NAII counsel, the …

Gray-Stone & Co. Makes Management Changes

Howard Stone, president of Gray-Stone & Company announced recently that with the resignation of Denis deBaroncelli, on June 30, 2001, the Thousand Oaks office of Gray-Stone will be making some major management announcements. Stone stated that several promotions will soon …

Report Says Calif. Benefit Delivery Expenses Absorb Higher Share of W/C Costs

With workers’ compensation claim costs rising rapidly in California, policymakers look for opportunities to reduce costs without reducing benefits to injured workers. Nearly one in every eight dollars paid for workers’ comp claims is paid for benefit delivery expenses, the …

Aon Launches Political Risk Management Service

Aon Corporation launched a Political Risk Exposure Profile (PREP) service that provides customized financial analysis of political threats to a company’s global operations. According to John Minor, senior vice president of Aon Trade Credit, the company’s survey of the Fortune …