Monthly Archives: <span>January 2005</span>

Harleysville Names Toth Chief Litigation Counsel

Kevin M. Toth has been named vice president, associate general counsel and chief litigation counsel for Harleysville Insurance. In this position, he will oversee all company litigation, with primary emphasis on claims litigation. Before joining Harleysville, Toth was a senior …

Lloyd’s Moving to MoMA Office Tower in N.Y. City

Lloyd’s of London is moving its New York City headquarters to The Museum of Modern Art’s new office tower. Designed by the internationally acclaimed architect, Yoshio Taniguchi, the boutique office tower has its own entrance for office tenants, and is …

Only 2 Mass. Insurers Offering Good Driver Discounts

The number of insurers in Massachusetts looking to grant discounts to the best drivers has gone down to 2 from just 3. Of the state’s 20 private passenger auto insurers only Amica Insurance and Electric Insurance, relatively small market forces, …

First Acceptance Corp. Clarifies Confusion With Iowa-Based Insurer That Filed Chapter 11

First Acceptance Corp., whose insurance subsidiaries provide nonstandard private passenger automobile insurance and operate in many states under the trade name “Acceptance Insurance,” said “it is not affiliated nor involved in any manner” with Iowa-based Acceptance Insurance Cos. Inc., which …

National Agent Legislative Conference Set for April

The Independent Insurance Agents & Brokers of America has scheduled its 29th annual National Legislative Conference for April 20-22 at The Grand Hyatt Hotel in downtown Washington, D.C. The event, which always features leading national decision-makers, will bring hundreds of …

Canter Named President of ACE Principal Finance

ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, has announced the appointment of Michael Canter as president, ACE Principal Finance. Canter will lead a unit that underwrites portfolios of credit risk and assists ACE in …

Sullivan Appointed President of Columbia Lloyds

James R. (Bob) Sullivan has been named the new president of Texas-based Columbia Lloyds Insurance Company effective Jan. 15, 2005, the company announced. A native of San Antonio, Texas, Sullivan has 23 years experience in various underwriting and marketing positions …

Tower Group Expanding to States Throughout East Coast, Including N.J., Conn., Mass. and Md.

Tower Group, Inc. announced that it entered into a stock purchase agreement today to acquire North American Lumber Insurance Company, a shell company with 17 state licenses, nine of which are active in the following states: New Jersey, Connecticut, Massachusetts, …

Alliance Stands Firm as CDI Continues to Redefine Broker/Agent Fiduciary Duties

As the coalition of industry associations, spearheaded by the American Agents Alliance, continues to dig its heels in the sand against a California Department of Insurance assault on brokers and agents, the Department’s push for regulations to significantly change broker/agent …

Poe Financial Group Takes Over 4,500 Citizens Policies

Poe Financial Group member company, Atlantic Preferred Insurance Company, announced that it has received regulatory approval to assume 4,500 property and casualty policies from Citizens Property Insurance Corporation under its depopulation program. Essentially, the depopulation program reduces the number of …