Monthly Archives: <span>June 2001</span>

HOUSTON’S GALTNEY GROUP ACQUIRED BY GALLAGHER

Arthur J. Gallagher & Co. acquired the privately held property and casualty insurance brokerage firm, The Galtney Group Inc., of Houston. The terms of the transaction were not disclosed. According to the company, The Galtney Group specializes in placing and …

BVA PROVIDES INSUREZONE WITH $8.2 MILLION

InsureZone announced that it has secured $8.2 million in funding from Texas based Buena Venture Associates (BVA), an investment partnership focused primarily on the delivery of financial services over the Internet. BVA provided the capital for InsureZone’s launch two years …

TAIFA CONVENTION SPEAKERS ANNOUNCED

The Texas Association of Insurance and Financial Advisors has ann-ounced the roster of speakers for its annual convention to be held in San Antonio July 18-21 at the Hilton Palacio Del Rio. Speakers include: John Bledsoe, “Estate Tax and Life …

TWCC SCHEDULES SAFETY SEMINAR

The Texas Workers’ Compensation Commission (TWCC) will present a one-day educational seminar, Supervising for Safety, June 27, 8:30 to 4:30 in Tyler at the Holiday Inn. The seminar, which will be conducted by TWCC’s Worker’s Health and Safety division, will …

Matters of Evolution; Revolution

With the possible exception of Charles Darwin, matters of evolution generally take a back seat on the news bus to matters of revolution. So it has been with the 23 bills affecting the insurance industry that struggled through the 77th …

Message to Agents: Be Proactive on Privacy

If you’re like most consumers, you get lots of mail from banks—banks that already call you a customer and those that consider you a prospect. “Hey, for a low rate of 2.9 percent, you can go into even deeper debt …

Terrorism from Newly Empowered Pressure Groups Poses a Threat

Firebombs, booby-trapped letters and packages, kidnappings, assaults and extortion—as these violent acts continue to proliferate, insurers have stepped up to offer financial protection. Handling threats from terrorist organizations, which use coercive methods to promote their causes, is a growth area …

Agent Target of Galapagos Oil Spill Lawsuit Threat; Policy Was Cancelled

Lawyers for Ecuador’s Galapagos Islands plan to sue for damages in the wake of an oil spill, according to several news reports; however, the Miamai, Florida-based insurance agency that placed the coverage maintains the policy had been cancelled prior to …

Oil & Gas Coverage Harder to Find; More EXPENSIVE

Crude oil and natural gas exploration and production continue at near record levels and most observers see no let up. White House officials are stumping for a national energy policy that among other things seeks increases in oil drilling and …

Tightening Market Conditions Set Tone at AAMGA 75th Anniversary

At the 2001 AAMGA Annual Meeting, held May 20-24 in Indian Wells, Calif., at least one topic of discussion was as intense as the desert sun—all current indications clearly reflect a tightening of the market. There are some major differences …