Monthly Archives: <span>August 2003</span>

N.J. MVC Employee Pleads Guilty in Motor Vehicle Title Scam

New Jersey Attorney General Peter Harvey announced that a former Motor Vehicle Commission (MVC) supervisor has pled guilty to a charge of official misconduct for reportedly selling a fictitious duplicate motor vehicle title to a person unable to legally obtain …

NAII Files Brief to Accelerate Suits for Sickest Asbestos Claimants

The National Association of Independent Insurers (NAII) has joined several other manufacturer and insurer groups with a petition to the Michigan Supreme Court that would ensure the cases of the most ill asbestos claimants are heard first. “The petition argues …

Ohio Casualty Appoints New Director to its Board

Fairfield, Ohio-based insurer Ohio Casualty Corp. has appointed Myra C. Selby a member of its board of directors. Selby, 48, is a partner in the business section of IceMiller, Legal and Business Advisors in Indianapolis, Ind. Her broad-based practice focuses …

Progressive Names New Director, Declares 3Q Dividend

The board of directors of the Mayfield Village, Ohio-based vehicle insurer Progressive Corp. today elected Bradley T. Sheares to fill the current vacancy on the company’s board for the term ending on the date of the annual meeting of shareholders …

Kansas Storm Loss Now Exceeds $256 Million

Kansas Insurance Commissioner Sandy Praeger said the 2003 storm season in Kansas produced more than $256 million in losses of insured property and crops during April through July. “The storm season extended well beyond spring this year—and we’ve exceeded the …

Shepard Announces Offer, State Auto Advises Patience

Investor Gregory Shepard, who owns approximately 5 percent of Columbus, Ohio-based State Auto Financial Corp., announced a cash tender offer for 8 million of STFC’s almost 13 million public shares for $32 per share, as part of his takeover bid. …

Mesirow Assumes Near North Accounts

Mesirow Insurance Services Inc. announced that it has reached an agreement with Near North Insurance Brokerage that will enable it to assume the accounts of Near North’s Chicago office, and to hire a number of the Chicago-based insurance services firm’s …

Transatlantic Holdings Appoints Tomio Higuchi to Board

The Board of Directors of Transatlantic Holdings, Inc., a leading international reinsurance organization, announced the appointment of Mr. Tomio Higuchi, Chairman of Millea Holdings, Inc. and President of The Nichido Fire & Marine Insurance Company, Limited, as a Director. He …

B.C. Forest Fires Continue to Rage

British Columbia’s worst forest fires in over 50 years continued to ravage the Canadian Province over the weekend. 240 homes have been lost in a blaze near Kelowna, about 185 miles (300 km) east of Vancouver, that was caused by …

Simon Departs Calif. Gubernatorial Recall Race

Californians going to the polls on Oct. 7 will have one less Republican choice in the race to recall Gov. Gray Davis and elect a never governor. On Saturday morning, Republican candidate Bill Simon departed the race, reportedly getting pressure …