Yearly Archives: <span>2004</span>

TWCC Revises Notice of Injury and Claim Forms

The Texas Workers’ Compensation Commission announced that as a part of the agency’s ongoing Business Process Improvement initiative, an online application for filing a Notice of Injury or Occupational Disease and Claim for Compensation has been developed and is available …

AIG Program’s Jordan: Learning from Program Failures

AIG Programs Division has more successful programs today than years ago, thanks in great measure to the lessons the company has learned from programs that failed. “It’s critical to know what’s happening,” according to David Jordan, senior vice president at …

Target Insurance Services Names Drohan

Robert Drohan has been appointed chief underwriting officer for Target Insurance Services in Avon, Conn. In that capacity, Drohan will serve as program manager for Target’s Staffing Firms Program, as well as the company’s Tax Preparers Program, and Miscellaneous E …

Fugitive’s Diamonds to Benefit Guaranty Funds

A stash of 814 diamonds that would have helped pay for Martin Frankel’s run from American authorities will be sold over a two-day period next month leading up to the day of his sentencing. Frankel, 50, pleaded guilty to 24 …

Conn. Chief Hears No Complaints of Rigged Bids; Defends Role in Balancing Industry, Consumer Needs

Despite charges of bid-rigging and conflicts of interest against the insurance industry, Connecticut Insurance Commissioner Susan F. Cogswell said she has not found corruption in Connecticut. Cogswell said she isn’t looking for wrongdoing because she has not received any complaints …

Floridians Can Anticipate State-wide Premium Hikes

Florida homeowners can expect an 8.3 percent statewide increase in the cost of homeowner’s insurance, Bob Lotane, spokesman for the Florida Office of Insurance Regulation told the Bonita News. He said worst-hit areas will have the highest increases. “There are …

Bankruptcy Court Approves Halliburton Asbestos Insurance Settlement Agreements

Houston’s Halliburton announced that settlement agreements involving asbestos claims were approved on November 18, 2004 and November 29, 2004, by the Honorable Judith K. Fitzgerald, concerning asbestos related claims against DII Industries, Kellogg Brown & Root and other affected Halliburton …

S&P Reports First Half Results in Japan’s P/C Sector Show Companies Still Under Pressure

Standard & Poor’s Ratings Services has issued a report noting that Japanese non-life insurance companies recently released results of for the first half of fiscal 2004, which indicate that underwriting profitability remains under pressure. S&P also noted: “While the impact …

S&P Affirms Taiwan Fire & Marine ‘BBB’ Ratings

Standard & Poor’s Ratings Services announced that it has affirmed its “BBB” insurer financial strength and counterparty credit ratings on Taiwan Fire & Marine Insurance Co. Ltd. (TFMI) with a stable outlook. “The ratings reflect the company’s niche position in …

CII’s Qualification Coursebook Aimed at Easing FSA Compliance Efforts

The U.K.’s Chartered Insurance Institute has released a new “qualification coursebook: ‘Risk, regulation and capital adequacy,’” aimed at helping insurance companies’ efforts to comply with impending regulation by the U.K.’s Financial Services Authority (FSA). “The FSA assumes full regulatory control …