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

Hull Introduces Commercial Risk Program

An exclusive Best’s-rated “A XIV” program for commercial risks, including and excluding wind, is now available in Florida from Hull & Company. The property program is designed for risks up to $5 million. Hull indicates it can offer higher limits, …

Beecher Carlson Expands Nashville Office Personnel

Atlanta-based Beecher Carlson Holdings Inc. announced the hiring of B. Scott Davis as managing director and Bradley Darr as senior vice president. The two will be based in a new Beecher Carlson office in Nashville. They will be responsible for …

Dallas to Host National Town Hall Meeting – ‘Connecting the Global Economy Through Insurance’

The Dallas All Industry Day event for 2004, sponsored by state and local insurance organizations, will focus on national and global economic issues and its infrastructure, the insurance industry. Entitled “Connecting the Global Economy Through Insurance,” this event will be …

2 Republicans Retain Mich. Supreme Court Seats

The conservative Michigan Supreme Court’s balance remains 5-2 in favor of Republican nominees, and insurers, after voters re-elected two incumbents. As expected, Democratic nominee Marilyn Kelly and Republican nominee Stephen Markman retained their seats on election day. With 97 percent …

Mo. Malpractice Claims Fall But Premiums Rise

The number of medical malpractice claims filed and paid is declining in Missouri, yet physicians’ premiums are rising, according to a report from the state Insurance Department. New medical malpractice claims dropped 14 percent in 2003 to what the department …

Marsh to Lay Off 3,000 in Cost-Cutting Move

Marsh & McLennan Companies Inc. (MMC) today revealed it would lay off about 3,000 employees to reduce annual expenses by $400 million. About three-quarters of the layoffs will occur in the insurance and risk management sectors, the company said in …

AFACT Elects New Officers

Robert Ramsower of Dallas was elected president of the Association of Fire and Casualty Companies in Texas (AFACT) for the 2004-2005 term during the group’s Nov. 3 annual meeting in Dallas. Ramsower is president and CEO of Employers General Insurance …

Safety Group Seeks Tire Expiration Date

Citing dozens of fatal crashes linked to older tires with little wear and tear, a consumer safety group is asking the federal government to require “born-on” dates for car and truck tires. SRS Inc., a Massachusetts auto-safety research firm, sent …

Mass. Insurance Chief Eyes Northeast Cat Fund

Part of the coastal property insurance solution for Cape Cod and other seaside communities in Massachusetts could lie beyond the state’s own borders. Massachusetts Insurance Commissioner Julianne Bowler, in remarks in an exclusive interview in the Nov. 8 edition of …

Conn. Road Redesign Reduces Accidents, Saves Lives

A redesigned Merritt Parkway in Connecticut is safer to drive these days. Crashes and fatalities along a stretch through Greenwich have dropped over the past five years, according to the state Department of Transportation. The redesign has improved safety, especially …