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

Tisdale to Focus on Southeast, Midwest as Newest Member of Insurance Journal Sales Staff

Mark Tisdale Mark Tisdale has joined Insurance Journal as regional manager responsible for advertising sales emerging from firms located in the Southeast and Midwest regions. A native of the Cleveland area, with a journalism degree from Kent State, and a …

Accounting Faux Pas Costs EMC $441,000

Des Moines, Iowa-based property/casualty carrier EMC Insurance Group Inc. announced restated earnings for the third quarter and nine months ended Sept. 30, 2004, due to an error in the calculation of investment income for the third quarter of 2004. This …

TDI Cracks Down on Sales of Bogus Health Insurance

The Texas Department of Insurance announced it has imposed stiff sanctions against a Florida man found to be recruiting and training Texas agents to sell unauthorized health insurance plans. Texas Insurance Commissioner Jose Montemayor signed a consent order against Herbert …

Grant to Lead Cross-Sell Project for Guaranty

Austin, Texas-based Guaranty Insurance Services Inc., announced that Nick Grant, its executive vice president, will head up cross-sell efforts between the agency and the other members of the Guaranty Financial Services family, including Guaranty Bank and parent-company, Temple-Inland. “This position …

ACE Europe Unveils Dataguard Product in UK to Assist Businesses Recover Info from Damages

ACE Europe, part of the global ACE Group of Companies, has launched its ACE Dataguard product in the UK to help businesses recover revenue and information that is corrupted or destroyed through cybercrime or as a result of accidental damage. …

ICAT Appoints Smith to Head East Coast Marketing

Catastrophe specialist International Catastrophe Insurance Managers, LLC (ICAT) announced that Rod Smith has been appointed vice president of sales and marketing for the Eastern seaboard. Based in Atlanta, Smith will be responsible for ICAT’s producer relationships along the East coast …

Some Maryland Doctors, Irked by Costs, Consider Going ‘Bare,’ Shifting Liability to Hospitals

Doctors at several Maryland hospitals who are fed up with rising medical malpractice insurance costs are considering doing without the coverage, or “going bare.” The strategy, used by thousands of Florida physicians, tends to transfer liability risk to hospitals. Hospitals, …

Lorillard Wins N.Y. Cigarette Suit

Tobacco company Lorillard says it has won an individual smoker trial with claims related to the asbestos in the original Kent filter and claims related to tobacco use. In a unanimous verdict, a Manhattan state court jury rejected plaintiffs’ claims …

AmWINS Launches Management Liability Unit

American Wholesale Insurance Group (AmWINS), the Charlotte, N.C.-based independent wholesale insurance broker, has formed a new specialty team to focus exclusively on management and professional liability products. Called Financial Risk Specialist Team (FIRST), the unit is being led by Bill …

Mass.Claims Carnival Operator Lacked Safety Records

A carnival ride accident that threw a Massachusets man to his death last month was caused by a chain reaction that started when the safety bar holding the man and his companion in place failed, causing their weight to shift …