Monthly Archives: <span>January 2004</span>

IIABA Releases 2004 Legislative Agenda

The Independent Insurance Agents & Brokers of New York Inc. announced today that ending the $1 billion drain on New York motorists and freeing the state’s construction industry from a severe crisis created by obsolete provisions in labor law again …

148 Die in Red Sea Plane Crash

A chartered Boeing 737 with 148 people on board crashed into the Red Sea shortly after taking off from the Egyptian resort of Sharm el-Sheik early Saturday morning. There were no survivors. The plane, operated by Egyptian charter carrier Flash …

New Fla. Law Limiting Insurers’ Use of Credit Reports Takes Effect

Florida’s Chief Financial Officer Tom Gallagher said that a new law which went into effect Jan. 1 prohibits insurance companies from using a person’s credit history against them if they are dealing with unexpected medical bills or the death of …

King Joins Willis Re as Senior VP, Retrocession

Willis Re, the reinsurance unit of Willis Group Holdings, the global insurance broker, announced a senior appointment strengthening its Retrocession operations. Bob King, who most recently served as senior vice president at Maiden Lane Intermediaries, has joined Willis Re as …

Idaho Offers Online In-state Producer License Renewal Service

After nearly two years since it began offering online license renewals to out of state insurance producers, the Idaho Department of Insurance is now extending the same convenience to in-state producers. Those who use the service at www.doi.state.id.us receive a …

Brooke’s Franchise Program Gets Mag Plaudit

Overland Park, Kan.-based franchise agency Brooke Corp. announced that Entrepreneur Magazine has ranked the Brooke franchise program 136th in the nation. The magazine ranks the top 500 franchises in the country and the fastest growing franchises each year. Entrepreneur has …

Donegal Finalizes Le Mars Acquisition

Marietta, Pa.-based Donegal Group Inc. completed the previously announced acquisition of all of the outstanding capital stock of an affiliated company, Le Mars Mutual Insurance Co. of Iowa, following the conversion of Le Mars to a stock insurance company for …

AFG Declares 12.5-Cent Dividend

Cincinnati-based insurer American Financial Group Inc. declared a quarterly dividend of 12.5 cents per share of the company’s common stock. The dividend is payable Jan. 25, 2004 to holders of record on Jan. 15, 2004.

Felony Charges Filed Against Kan. Agent

The Kansas Insurance Department, in cooperation with Sheridan County Attorney Mike Haas and the Kansas Attorney General’s Office, has filed felony charges against a Selden, Kan., insurance agent. An investigation by the Kansas Insurance Department Fraud Unit led to charges …

Community First Acquires Colorado Insurance Agency

Community First Bankshares Inc., through its affiliate, Community First Insurance Inc., has acquired Arnold & Arnold, Inc., Littleton, Colo. Community First also has acquired an insurance book of business from Colorado Benefit Services Inc., Parker, Colo., in an unrelated transaction. …