February 23, 2005
Austin, Texas- based Combined Agents of America LLC reported the addition of its 33rd member, Wellmann Insurance Agency Inc., based in Brenham. “As we continue to grow CAA with professional agency relationships such as Wellman Insurance Agency, we strengthen our …
February 23, 2005
The Louisiana Department of Insurance reported its Senior Health Insurance Information Program (SHIIP) has released the new 2005 Medicare Supplement Comparison Guide to help citizens over 65 shop for Medicare Supplement Insurance. “We produce this booklet annually to help Louisiana’s …
February 23, 2005
The Inland Marine Underwriters Association’s Southwest Advisory Committee announced that its March 22 seminar in Dallas will cover builder’s risk, underwriting medical diagnostic imaging equipment and the exposures that crane underwriters face. The seminar will take place from 8:00 a.m. …
February 23, 2005
The United States Supreme Court has ruled that workers injured on dredges like one used in the Big Dig construction are not limited to workers compensation but may also sue the vessel’s owner for negligence. Writing for the court in …
February 23, 2005
U.S.I. Holdings Corporation has appointed Philip W. Remig as president of its Mid-Atlantic offices in Trooper and Allentown, Pennsylvania. Remig joins USI from Aon Risk Services where he held various positions during the past 10 years including middle market practice …
February 23, 2005
CareFirst BlueCross BlueShield has announced that it will absorb the 2 percent premium tax passed by the Maryland legislature in January to help pay for medical malpractice insurance assistance rather than pass along the cost to the 330,000 members of …
February 23, 2005
The North Carolina Insurance Commission shared information about the insurance industry and insurance regulation last week in Raleigh as it welcomed 19 hospital administrators and head physicians from Armenia, Azerbijian, Georgia, Moldovia and the Ukraine. The group came to Raleigh …
February 23, 2005
Bermuda-based RenaissanceRe Holdings Ltd. announced that it is planning to restate its financial statements for the years ended December 31, 2001, 2002 and 2003 “to correct accounting errors associated with reinsurance ceded by the Company.” RenRe said the “net effect …
February 23, 2005
An earthquake measuring 6.4 on the Richter Scale struck near the town of Zarand in Kerman Province in Eastern Iran Tuesday morning, Feb. 22. Some 420 people are reported to have died and another 900 injured. The area, some 740 …
February 23, 2005
A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Bermuda-based Allied World Assurance Company, Ltd. (AWAC) and its reinsured operating subsidiaries with a stable outlook. “The rating reflects AWAC’s superior risk-based capitalization, solid …