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

Savage & Associates Buys Christie Financial Services

Toledo, Ohio-based Savage & Associates Inc. has expanded operations by acquiring the assets of Christie Financial Services, a full-service insurance agency in Oak Harbor, Ohio. Christie Financial Services was founded in 1990 by Dave Christie, a well-known teacher and basketball …

Bancinsurance Hires Merlinos & Associates to Analyze Ohio Indemnity Loss Reserves

Columbus, Ohio-based specialty insurer Bancinsurance Corp. announced that Merlinos & Associates Inc. has been engaged to provide actuarial consulting services to its subsidiary, Ohio Indemnity Co. Merlinos & Associates will perform an analysis and issue a statement of actuarial opinion …

Westfield’s President Appointed to Board of Directors

Roger McManus was recently elected to the board of directors of Westfield Insurance. McManus serves as the president of Westfield Insurance, a leading regional insurance group. He has spent his entire insurance career with Westfield, beginning as a trainee in …

Kan. DOI Pushes Tougher Fraud Penalties

The Kansas Insurance Department has asked the legislature to consider legislation that would help the department deal with the ever growing problem of insurance fraud. A 2003 Newsweek study indicates the insurance industry nationwide suffers three times the economic loss …

Guaranty Insurance Acquires Calif.-based Walter Mortensen Insurance

Guaranty Insurance Services Inc., the second-largest insurance agency in Texas, announced that it has acquired Walter Mortensen Insurance of Bakersfield, California. This move doubles the agency’s size in California. With eight offices in California’s Central Valley, 100 employees and annual …

Moran Joins Network E&S Insurance Brokers

Network E&S Insurance Brokers LLC, a California-based wholesale broker, announced that Michael F. Moran has joined Network E&S as a Partner and as its Chief Operating Officer. Moran’s immediate responsibility will be to establish and staff an office in Los …

Liberty Northwest Joins Trusted Choice

Liberty Northwest Insurance Corp., based in Portland, Ore., has joined the Trusted Choice® branding movement—the national consumer branding campaign created to educate consumers about the benefits of using independent insurance agents and brokers. Trusted Choice® was created by the Independent …

Pa.-based Harleysville Insurance In Transition to Restore Historic Results

Several events stand out in the history of Harleysville Insurance. There was its launch as an auto theft protection association in 1915 in the Pennsylvania community whose name it shares and there was its debut as a public company in …

MetLife to Tell Travelers Employees of Job Status

MetLife Inc. will inform employees of Travelers Life & Annuity in Hartford, Conn. by April 4 whether job cuts will be imposed after Travelers is acquired, according to a memo. MetLife, which plans to buy Hartford-based Travelers and international insurance …

R.I. State Senate Bills Seek to Spur Competition in Health Insurance Market

Saying that a competitive insurance market is critical to making health insurance more affordable for Rhode Island consumers and businesses, Sen. Marc A. Cote has introduced a package of legislation aimed at attracting more insurers to do business in the …