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

Silverstein Joins Beecher Carlson in Atlanta

Atlanta-based Beecher Carlson Holdings, Inc. announced the appointment of Eric Silverstein as managing director of Casualty Marketing. Based in the Atlanta office, Silverstein have responsibility for strategic design, marketing and implementation of casualty risk financing programs. He will also be …

CFO Gives Hurricane Response Status Report; Fla. Mediation Begins Nov. 22

Following a recent emergency rule setting deadlines for processing claims there have been almost 17 percent fewer calls from consumers experiencing delays when dealing with an adjuster, according to the Florida Department of Financial Services. Tom Gallagher, Florida Chief Financial …

Barney and Barney Hire New Account Executives

San Diego-based Barney & Barney LLC announced that it has hired four new account executives: Eric Curry, Peter Holmes, Ruben Villegas and Suzanne Whitlock. They each have 16 years of experience in the insurance field and have previously held senior …

Boyadjian Promoted at Fiserv FSC

Agoura Hills, Calif.-based Fiserv FSC, Inc. has promoted John Boyadjian to the position of sales representative. In his new position, Boyadjian will be responsible for new agency product sales throughout California and Arizona with special emphasis on FSC’s desktop rating …

Canadian Insurance Industry Announces Disclosure Plan

The Insurance Bureau of Canada today revealed details of a plan to provide enhanced clarity and access to information in insurance sales and service. Components of the plan include a Code of Consumer Rights and Responsibilities, and an industry commitment …

Oak Street Touts Commissions-Based Lending

If an agency wants cash for an expansion or an acquisition, it can be hard to come by, as agencies’ most valuable asset — its book of business — can be difficult for traditional lenders to collateralize. CEO Rick Dennen …

GAINSCO Unveils Q3 Report

Texas-based GAINSCO INC. has reported net income for the third quarter 2004 of approximately $1.6 million. After the accretion of the discount on the Redeemable Preferred Stock of approximately $0.9 million and the accrual of dividends on the Redeemable Preferred …

State Farm Asks to Hike Fla. Policy Rates

State Farm Florida Insurance Co. has requested a 5 percent increase on all its homeowner and condominium policyholders due to what the company calls, higher costs of doing business. State Farm has more than 900,000 policyholders in Florida that will …

Zurich NA Latest Insurer to Suspend Employees as Fallout from Marsh Probe Continues

Zurich Financial Services (Zurich) said today it has suspended “several employees” following a review of its business practices and relationship with brokerage giant Marsh. The company said it has been conducting a review of certain business practices with insurance brokers, …

Mass. Insurance Agents Prepare for Big Event

Massachusetts insurance agents are set to convene beginning this weekend for the Big Event, the annual convention and trade fair of the Massachusetts Association of Insurance Agents. The event runs Nov. 13 through Nov. 16 at the Marriott Hotel in …