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

Willis Launches “Client-Focused” Webcast Series

Global insurance broker, Willis Group Holdings announced the launch of a series of semi-monthly webcasts as an element of its “Client Advocate model.” The company said that approximately every two weeks, “Willis Practice Group Leaders will come together with the …

NAIC Task Force of 13 States to Lead Broker Investigations, Develop Model Disclosure Law

The National Association of Insurance Commissioners (NAIC) announced that it has recently formed the NAIC Executive Task Force on Broker Activities to gather facts and coordinate activities to address alleged criminal misconduct and violations of existing insurance laws involving insurance …

Marsh Moves to Collect Outstanding MSA Fees

Marsh & McLennan Companies Inc. (MMC) announced that Marsh Inc., its risk and insurance services subsidiary, is taking steps to collect all amounts owed to it by insurance markets under market services agreements (MSAs) that were in effect prior to …

Wyoming Legislator’s Letter Against Malpractice Amendments Draw Ire

Several residents said they were offended to receive a letter from a state legislator asking them to vote against two constitutional amendments tied to medical malpractice. Rep. Floyd Esquibel, D-Cheyenne, sent the letter asking voters to reject Amendments C and …

PIAA Takes Stand Against Hunter’s Med-Mal Claims

Actuary J. Robert Hunter has reportedly published another bogus analysis of the medical malpractice insurance industry, once again using one of his front groups, Americans for Insurance Reform (AIR), as the messenger. Medical Malpractice Insurance: Stable Losses/Unstable Rates 2003 reportedly …

Kushlis Named to Lead Willis Baltimore Office

Edward Kushlis has been appointed sales leader for the Baltimore office for Willis Group Holdings (NYSE: WSH), the global insurance broker. Kushlis has been with Willis for 20 years. This past year he served as the regional operating officer for …

Citation Re Welcomes Kroszner

Citation Re, a New York- based reinsurance company has added t Russell Kroszner to its team as assistant vice president. Working with FM Global for 9 years, Kroszner concentrated on managing global insurance programs for the Fortune 1000 on both …

Nev. Commissioner Denies Request to Increase Auto Insurance Rates

Nevada Insurance Commissioner Alice Molasky-Arman has denied the request of the Progressive Companies that are marketed through independent agents for a 5.3 percent increase in auto insurance rates. This filing would have reportedly impacted policyholders insured by Progressive Northwestern Insurance …

Ill. Gov Notes More Than $1 Million in Funding to Help Utica, Other Communities Rebuild from Tornadoes

In order to expedite Utica’s long-term economic recovery plans, Illinois Gov. Rod Blagojevich announced more than $1 million in funding recently that will help rebuild and enhance this and other communities devastated by April’s deadly tornadoes. The storms killed eight …

Mercury General Reports Q3 Numbers

California-based Mercury General Corp. has reported net income of $65.1 million, or $1.19 per share (diluted), in the third quarter 2004 compared with $49.6 million, or $0.91 per share (diluted), in the same period for 2003. For the first nine …