Yearly Archives: <span>2005</span>

Eitel Appointed to Safeco Board of Directors

Seattle-based Safeco’s board of directors has appointed Maria S. Eitel as director, effective Aug. 11, 2005. She will serve on the board’s Nominating/Governance Committee and will stand for election at the company’s annual meeting of shareholders in May 2006. Eitel …

Guy Carpenter Names Spiller as New President Effective Jan. 1, 2006

Guy Carpenter & Company Inc., a global risk and reinsurance specialist and a part of the Marsh & McLennan Companies, has appointed David Spiller as its new president, effective Jan. 1, 2006. Most recently, Spiller was CEO of Benfield Ltd. …

Castle Extends Coverage to Hawaii

The Industry’s Premier High Value Residential Insurance Inspection Company Offers Full Nationwide Coverage Salt Lake City, Utah – Castle Inspection Service, a division of Overland Solutions, Inc., announced today their extended coverage to the Hawaiian Islands. Neal Carroll, Regional Manager …

L.A. Firefighters Want New Workers’ Comp Carrier

Firefighters want the city to find another firm to handle workers’ compensation claims because alleged slow processing by the current company delays medical treatment and costs millions of dollars in overtime and off-duty pay. More than 50 firefighters filed complaints …

Marines Plead Not Guilty to Felony Insurance Fraud

Three Marines based in Twentynine Palms pleaded not guilty to felony insurance fraud charges for allegedly filing a false claim that a vehicle was stolen and vandalized. The trio also pleaded not guilty to a misdemeanor count of filing a …

Insurer Says It’s Not Liable in Limp Bizkit Concert Death

An insurance company that issued a policy for rock band Limp Bizkit is asking a Los Angeles Superior Court judge to rule it has no liability for any damages awarded as the result of a teenage fan’s death at a …

Brooke Corp. Completes Common Stock Offering

Brooke Corporation on Monday announced the completion of its follow-on offering of 2.5 million shares of its common stock. Priced at $11.50 per share, the gross proceeds of the offering were $28,750,000, with proceeds of $27,096,875 to the Company, before …

Chicago Executive Convicted in Home Insurance Scheme

Former commodities firm executive Marc E. Thompson set his home ablaze and burned his elderly mother alive to collect insurance money that he later hid during bankruptcy proceedings, a federal jury ruled late last week. Thompson, 53, faces 115 years …

Oilfield Safety a Concern as Energy Demands Rise

The American Society of Safety Engineers’ (ASSE) Permian Basin Chapter in Midland, Texas, announced it is teaming up with local U.S. Occupational Safety and Health Administration officials and the Texas Workers’ Compensation Commission to increase safety for oilfield workers in …

Weiss Ratings: P/C Insurers Earn $41.3 Billion in 2004

Apparently unfazed by last year’s devastating hurricane season, the nation’s property and casualty insurers reported profits of $41.3 billion in 2004, representing a 28 percent increase over the $32.3 billion earned in 2003, according to Weiss Ratings Inc., an independent …