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Sep 19 2005 // European Insurers Estimate Katrina Losses: A disaster the scope of Hurricane Katrina hits everybody, not just U.S. carriers. The following are some of the preliminary estimates of anticipated losses from a number of...

HURRICANE KATRINA: The Legal Saga Begins

Sep 19 2005 // The New Orleans tragedy may spawn a wave of litigation related to flood protection and levee failures. Public statements, which may serve as a foundation for massive public safety legal claims, began Sept. 1. Based on the...

AmWINS Signs Definitive Deal to Sell Majority Interest to Parthenon Capital

Sep 15 2005 // Independent insurance wholesaler American Wholesale Insurance Group (AmWINS) announced the signing of a definitive agreement to sell a majority of its ownership to affiliates of Parthenon Capital LLC, a Boston and San...

Endurance Names New Head of Professional Liability for U.S. Reinsurance; More Appts. Noted

Sep 13 2005 // Endurance Specialty Holdings Ltd., a provider of property and casualty insurance and reinsurance, announced that Endurance’s U.S. subsidiary, Endurance Reinsurance Corporation of America has appointed Kevin Rooney as...

Tenn. Duo Scammed $6M in Workers’ Comp Funds; Sentenced to 26 Months Jail Time

Sep 12 2005 // Oliver Bruce Hurley of Speedwell, Tenn., and Charles William Johnson, of Tazewell, Tenn., have been sentenced to 26 months in prison four months after pleading to mail fraud related a scheme to hide employees from...

Kiln plc Offers Possible Katrina Impact

Sep 9 2005 // The U.K.’s Kiln plc, a leading Lloyd’s insurer, has issued a preliminary estimate of the possible impact on the company from losses related to Hurricane Katrina. “The loss falls principally on...

S&P Issues Report on European Insurers U.S. Operations

Sep 8 2005 // Standard & Poor’s Ratings Services has issued a new report on how European insurers are doing in the U.S. market. The article entitled “Some European Insurers Maintain U.S. Property/Casualty Operations...

Wellington 1st Half Net Up 78% at $105 Million; Katrina Losses $75 Million

Sep 8 2005 // The U.K.-based Wellington Plc, which operates both in the Lloyd’s market and as a general insurer with several U.S. subsidiary companies, posted impressive first half results with net pre-tax profits up 78 percent to...

New Report Warns of Rising Threat to Industry from Climate Change

Sep 8 2005 // Hurricane Katrina is a reminder to the U.S. insurance industry, companies, governments and the general public that all are at risk from escalating losses from hurricanes and other weather-related events due to climate...

State Farm Processing Over 200,000 Katrina Claims

Sep 8 2005 // State Farm, the largest insurer of homes and cars in the Gulf States, is servicing more than 223,000 property claims in Alabama, Louisiana, Mississippi and Florida in the wake of Hurricane Katrina. The number is expected...

Report Says U.S. Insurance Industry Loses More than $16B in 2004 on Auto Premium Rating Error

Sep 6 2005 // Quality Planning Corporation (QPC), the Rating Integrity Solutions Company, has released its annual Premium Rating Error report. The report concludes that premium rating errors continue to lower the overall profits of auto...

People – Southeast

Sep 5 2005 // Bob Maeyama Ronald L. Alexander has been named president and managing partner of Willis Group Holdings Ltd.’s Tennessee operations in Knoxville, Tenn. Alexander was formerly executive vice president and chief...

People

Sep 5 2005 // Ronald L. Alexander has been named president and managing partner of Willis Group Holdings Ltd.’s Tennessee operations in Knoxville, Tenn. Alexander was formerly executive vice president and chief operating officer...

Sep 5 2005 // Linda Slaughter has been promoted from senior vice president of claims to COO at Concord, Calif.-based Athens Administrators, part of the Jenkins Athens Group. Slaughter joined Athens in its founding days and has been with...

California Man Pleads Guilty

Sep 5 2005 // John Arcurio, of Fillmore, California, plead guilty June 22, to two felony counts of workers’ compensation fraud and insurance fraud. Arcurio was arrested in Kern County and transferred to the County of Ventura...

Sep 5 2005 // Barbara Zimmerman has joined IBA West as membership benefits vice president. She will be responsible for the research, development and management of IBA West Service Corporation programs and management of Membership...

ACE’s U.S. Subsidiaries Upgraded

Sep 5 2005 // A.M. Best Co. upgraded the financial strength ratings to “A+” (superior) from “A” (excellent) and assigned issuer credit ratings of “aa-” to ACE Westchester Specialty Group,...

Number of Federal Tort Trials Plummeted 80%, Justice Department Reports

Sep 5 2005 // The number of tort trials concluded in U.S. district courts declined by nearly 80 percent, falling from 3,600 in 1985 to fewer than 800 in 2003, according to a new report released by the Department of Justice Bureau of...

PartnerRe Names Clarke to Head Global P/C Business; Succeeding Nessi

Sep 5 2005 // Bermuda-based PartnerRe Ltd. announced that Emmanuel Clarke has been appointed Head of the P/C business unit for its Global (non-U.S.) operations, effective January 1, 2006. He succeeds Jean-Marie Nessi, who joined...

Storm Warnings

Sep 5 2005 // As the hurricane season recently entered its third month, a London-based storm forecaster reported that a higher-than-usual number of hurricanes are expected to hit the United States this year. Tropical Storm Risk...