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

Munich Re 2003 Catastrophe Study – Fatalities up 450 Percent; $15 Billion Insured Losses

Munich Re has released its analysis of natural catastrophes in 2003 and concluded that economic and insured losses continue to increase at a high level. Preliminary portions of the study had been presented at the recent meeting of the Intergovernmental …

Calif. Agent Fees Up 10% in 2004

The California Department of Insurance sent out a reminder a few weeks ago reminding all insurance licensees that they will be ringing in the New Year with a 10 percent fee increase, the American Agents Alliance said in its newsletter. …

New Ariz. Director to Attend AAA Meeting Jan. 20

Current and future American Agents Alliance members in Arizona wil be given the opportunity to meet and greet the new Director of Insurance Jan. 20 at the Phoenix area local meeting. Insurance Director Christina Urias has accepted an invitation to …

Quake Insured Losses Pegged at $40 Million to $60 Million

The earthquake that struck California’s central coast on Dec. 22 could generate insurance claims of between $40 million and $60 million. The initial shockwave, registering 6.5 on the Richter scale, was followed by nine aftershocks of at least 4.0 in …

N.D. Man Ordered to Pay $55,000 Restitution for Comp Fraud

A Mandan, N.D., man was ordered to pay $54,679 in restitution to Workforce Safety & Insurance after pleading guilty to fraud in South Central District Court Dec. 16, according to a statement released by the North Dakota Department of Insurance. …

The National Alliance to Expand University Programs During WRIA Annual Meeting

The National Alliance for Insurance Education & Research plans to introduce the Certified Risk Managers (CRM) International courses to university and college representatives at the Western Risk and Insurance Association (WRIA) conference in Las Vegas, Jan. 2-5, 2004. This annual …

Venture Programs Expands Preferred Club Program Through Alliance with ACE Westchester Specialty Group

Venture Programs (www.ventureprograms.com), a provider in the design and underwriting of select industry-focused insurance packages, announced a program alliance with ACE Westchester Specialty Group, part of the ACE Group of Companies, for the Preferred Club Program. The Preferred Club Program …

21st Century Holding Co. Raises Guidance for New Year

Florida-based 21st Century Holding Company, a vertically integrated financial services holding company, is raising its guidance for calendar year 2004. President and Chairman of the Board, Edward Lawson, announced that he is raising the guidance for the company’s calendar year …

Delta General Named Employer of the Year by HAIW

The Houston Association of Insurance Women (HAIW) and Delta General Agency recently announced that Delta and its president and CEO, Bill Fink, were named Employer of the Year for 2003 by the association. In presenting the award, HAIW’s Jackie Baca …

National Alliance to Intro CRM Courses at WRIA Conference

The Austin, Texas-based National Alliance for Insurance Education & Research plans to introduce the Certified Risk Managers International courses to university and college representatives at the Western Risk and Insurance Association conference in Las Vegas, January 2-5, 2004. This annual …