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BUSINESS
August 6, 1990 | From Times Staff and Wire Reports
First Interstate Fire: An insurance company's lawsuit asked the U.S. District Court to decide which insurers must defend and pay settlement or judgment costs of lawsuits stemming from a fire at the First Interstate Bank building. The suit, filed by Continental Insurance Co., claims that National Union Fire Insurance Co.
BUSINESS
August 6, 1990 | From Times Staff and Wire Reports
First Interstate Fire: An insurance company's lawsuit asked the U.S. District Court to decide which insurers must defend and pay settlement or judgment costs of lawsuits stemming from a fire at the First Interstate Bank building. The suit, filed by Continental Insurance Co., claims that National Union Fire Insurance Co.
BUSINESS
May 7, 1988 | BRUCE KEPPEL, Times Staff Writer
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.
BUSINESS
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.
BUSINESS
April 5, 1994 | From Times Staff and Wire Reports
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.
BUSINESS
April 1, 1992 | From Reuters
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.
BUSINESS
May 7, 1988 | BRUCE KEPPEL, Times Staff Writer
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.
REAL ESTATE
June 2, 1996
A little more than a month ago the 4th District Court of Appeal in Santa Ana issued an important ruling on construction defects that I thought your readers would like to know about. The court ruled that property damage caused by construction defects may not be rejected simply because their causes could not be detected by the naked eye. This redefines the exclusion for latent construction defects found in standard homeowner's, homeowners association and building owner's insurance policies.
BUSINESS
June 23, 1992 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
Insurance Commissioner John Garamendi on Monday ordered brokers to stop selling policies from five unlicensed, Caribbean-based insurers that he said are financially shaky. One of the firms apparently is unable to pay millions of dollars worth of claims for commercial losses suffered in the recent riots. Pacific Fire & Marine Insurance Co.
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