Monthly Archives: <span>July 2005</span>

Acordia Names Tooley VP – Aviation

Acordia Inc. announced it has named Charles (Charlie) Tooley as vice president – Aviation Practice. Based in Acordia’s Cincinnati, Ohio, office, Tooley will be focusing on the production of aviation-related (airline, charter, aircraft management/FBOs, and manufacturers’ products) business, with the …

Delaware Commissioner Wants To Publicize Complaints Against Insurers

Delawareans would be able to evaluate insurance companies based on the number and kinds of valid complaints made against them by their customers under a new system proposed by Delaware Insurance Commissioner Matthew Denn. Denn has proposed a regulation that …

Gainsco Reports Amex Listing

Gainsco Inc., a Dallas-based property and casualty insurance holding company specializing in nonstandard personal automobile insurance, announced it has been approved for listing on the American Stock Exchange (Amex). Gainsco’s common stock is expected to begin trading on the Amex …

Neb. DOI Issues C&D Order to Richard A. Brooks and Brooks & Associates Ltd.

The Nebraska Department of Insurance issued a Cease and Desist order against Richard A. Brooks and Brooks & Associates Ltd., 1338 Park Avenue, River Forest, Ill., instructing Brooks to immediately cease transacting the business of insurance in Nebraska. The department …

La. Agent Charged with Falsifying Health Ins. Applications

Louisiana Department of Insurance Fraud Unit investigators shut down a Chalmette insurance producer on charges of falsification of health insurance applications, according to Commissioner of Insurance Robert Wooley. Henry Thomas Jones is accused of creating false health insurance applications for …

Skywire Acquires InsBridge

Frisco, Texas-based Skywire Software, which focuses on the insurance and financial services industries, announced it has completed its acquisition of InsBridge. For nearly a decade InsBridge has been providing rating and underwriting applications for the insurance industry. The company said …

More Bombs on London Transportation System

Small bombs exploded in three London underground stations and a double-decker bus at mid-day July 21, two weeks after major suicide bombing attacks on the city’s transportation system. According to press reports, the bombs were small and casualties were few, …

‘Adverse Surprise’ Workers Comp Cases Consume 40% of Medical Costs

Workers’ compensation cases with significant unanticipated medical care and costs are most common in California and Texas, and can represent as much as 30 to 40 percent of medical costs in most states, according to a new study by the …

ACE Ltd. Restates 5 Years’ Results to Correct Finite Reinsurance Accounting

ACE Limited said it is today filing a Form 8-K restating its financial results for the years 2000 through 2004, as well as its results for each of the quarters in the years 2003 and 2004, and for the first …

Gubitose Named Senior VP for Acordia’s Risk Finance Unit in Boston

Acordia Inc., a Wells Fargo Company, announced that Barbara Gubitose has accepted the position of senior vice president for Acordia’s Risk Finance Group. This group specializes in the areas of directors and officers, employment practices, fiduciary liability, crime, and environmental …