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

NYSID Announces Arrest of Queen’s Man for Selling Fraudulent Auto ID Cards

New York’s Superintendent of Insurance Gregory V. Serio announced that Vincent Morciglio, 49, of Jamaica was arrested on Friday and charged with two counts of forgery and two counts of criminal possession of a forged instrument. He was allegedly selling …

Best Affirms Sunderland Marine Mutual’s ‘A-‘ Rating

A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of the U.K.’s Sunderland Marine Mutual Insurance Company Limited (SMMI), with a stable outlook. “The rating reflects the company’s excellent capital position on a risk-adjusted …

Fitch Affirms Everest Re ‘A-‘ Debt Ratings, Assigns ‘AA-‘ IFS Ratings

Fitch Ratings announced that it has affirmed the ‘A-‘ long-term issuer and senior debt ratings of Everest Reinsurance Holdings, Ltd., a subsidiary of the Bermuda-based Everest Re Group, and its trust preferred rating of Everest Re Holdings as well at …

Brit Insurance Posts $51 Million 1st Half Profit

The U.K.’s Brit Insurance Holdings PLC, a general insurance group and leading Lloyd’s underwriter, announced strong first half results, posting a £31 million ($51.15 million) pretax net profit, compared to a £4.3 million ($7.1 million) loss in the same period …

Best Affirms Zurich Specialties London ‘A’ Rating

A.M. Best Co. announced that it has affirmed the financial strength rating of ‘A’ (Excellent) of Zurich Specialties London Ltd. (ZSL), and assigned a “stable” outlook. “The affirmation reflects ZSL’s strategic importance to Zurich Financial Services (ZFS), its excellent capital …

Balauro Serves as New VP at Allied NA

Raquel Balauro has been promoted to assistant vice president at Fremont, Calif.-based Allied NA. Balauro formerly served as workers’ compensation claims manager with 12 years combined experience in the management of workers’ compensation claims, managed care, and integrated disability for …

Okla. Agent Reinstated After Fine, Talk With Commish

Oklahoma Insurance Commissioner Carroll Fisher has reinstated the license of a Tulsa insurance agent accused of improper marketing after agreeing to changes in his promotional materials. Fisher earlier suspended the license of Gary Kroll after it was found he had …

MapInfo Launches RiskDataInfo

MapInfo Corp. announced the availability of RiskDataInfo, a comprehensive data set of weather and natural hazards for its Insurance Decision Solution Suite (IDSS), the company’s industry-leading insurance visualization solution. Now, insurance companies and reinsurers can visually analyze and consider the …

Hartford Donates $10,000 to N.C. National Guard Families

Citing the significant sacrifices made by the men and women serving their country in the National Guard, the Charlotte Regional Office of the Hartford Financial Services Group presented a $10,000 grant to the Chaplain’s Fund of North Carolina National Guard. …

Fick Named Farm Mutual Manager of the Year

Beverly Fick, manager of Bradford Victor-Adams Mutual Insurance, Franklin Grove, Ill., has been chosen as NAMIC’s 2003 Professional Farm Mutual Manager (PFMM) of the Year. She was recognized during NAMIC’s Farm Mutual Conference Business Meeting in New Orleans, La. To …