May 7, 1988 |
While fire inspectors sift the gutted floors of the First Interstate Bank building for the cause of Wednesday night's fire, insurance officials joined them Friday to try to place liability for the anticipated deluge of loss claims. These will likely run into the tens if not hundreds of millions of dollars, insurance experts say. The bank owns the 62-story tower in partnership with Equitable Life Assurance Society.
April 11, 1989
Blue Cross of California, the Woodland Hills-based health insurer, named Donald M. Curry vice president of national accounts. Curry had been vice president of corporate marketing for Continental Insurance Co. in New York, and previously held marketing posts with Provident Mutual Life Insurance Co. in Philadelphia.
April 5, 1994 |
Broker Hit with $300,000 Verdict: A Los Angeles Superior Court jury added a $200,000 punitive judgment to $100,000 previously awarded for damages against a West Covina insurance broker found to have sold worthless auto policies to City Garment Carriers, a small Los Angeles trucking firm. The jury found broker John Brittain and his Brittain Co. agency liable for fraud in the 1990 sale to City Garment of a policy issued by Southern Continental Insurance Co. Ltd.
CALIFORNIA | LOCAL
May 15, 1987
Companies and individuals were honored Thursday by Orange County transportation officials for their contribution to easing traffic congestion. Trophies were handed out in these four categories: Ride sharing--Centeride, Newport Center's van-pooling and minibus program; Flojet of Irvine; Safeco Insurance Co. ride-share coordinator Helen McDaniel; the City of Newport Beach for its trolley; South Coast Plaza for its shuttle bus service.
April 1, 1992 |
Manhattan prosecutors said Tuesday that 45 people have been indicted in one of the largest casualty-insurance fraud cases of its kind ever brought in the United States. The defendants allegedly set up a "full-service" scheme in which they helped set numerous fires in New York's garment district, filed more than $12 million worth of bogus claims to more than 20 insurance companies and arranged for crooked adjusters to evaluate the claims. As a result, about $3 million in payments were made.