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

Insurance Auto Auctions Records Higher Earnings

Illinois-based Insurance Auto Auctions Inc., a provider of automotive salvage and claims processing services in the United States, reported higher net earnings for the quarter ended March 28, 2004. The company recorded net earnings of $2.3 million, or $0.20 per …

Brown & Brown to Acquire Mich. Firm

Florida’s Brown & Brown Inc. reported that the company is acquiring Proctor Homer Warren Inc. d/b/a Proctor Financial Insurance, of Troy, Mich. Jim W. Henderson, president and chief operating officer of Brown & Brown; Kenneth R. Masters, executive vice president …

Davis Resigns as Crawford & Co. Chairman and CEO

Atlanta-based Crawford & Company reported that its board of directors has accepted the resignation of Grover L. Davis as chairman of the Board and chief executive officer, effective immediately. The board named Marshall G. Long as interim CEO. Long currently …

ADESA Makes Managements Changes In Ga., Fla.

Carmel, Ind.-based vehicle auction services firm, ADESA Corp., announced a number of management changes in the Southeast region. It promoted Jason Brinkley to the position of general manager for ADESA Atlanta. A graduate of Texas A&M University, Brinkley began his …

New Orleans Bail Bond Agent Shut Down

The Louisiana Department of Insurance announced that a New Orleans-area bail bond agent was shut down on charges of operating without a valid license, alleged violations of the law involving personal surety bonds, and engaging in a number of other …

Pecoraro Pleads Guilty to Fraud Conspiracy

A man who ran a pub in England while on the lam from Louisiana’s 1990s insurance scandals pleaded guilty to a federal charge and faces up to five years in prison, the Associated Press reported. Nofio Pecoraro Jr., 54, entered …

Retiree Health Plans Exempt from Age Bias Act

The U.S. Equal Employment Opportunity Commission (EEOC) has voted to approve a rule that would permit employers, under the Age Discrimination in Employment Act (ADEA), to lawfully coordinate retiree health benefit plans with eligibility for Medicare or a comparable state-sponsored …

Conn. Vote on Med-Mal Caps Expected Today

Legislative leaders are predicting a battle over whether the state should place caps on non-economic damages in medical malpractice jury awards. The House of Representatives is scheduled today to debate the long-awaited legislation aimed at controlling skyrocketing medical malpractice insurance …

NAMIC Backs Asbestos Reform Bill

The National Association of Mutual Insurance Companies has released a comment on the Senate’s failure to invoke cloture on the pending asbestos litigation reform bill, S. 2290, which would have allowed floor consideration of legislation to reform the asbestos litigation …

PIA Lauds Legislators’ Support for TRIA Extension

The National Association of Professional Insurance Agents has issued a statement praising “leaders and members of the House Financial Services Committee who sent a letter to Treasury Secretary John Snow urging the extension of the ‘make available’ provision to the …