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

Beecher Carlson Holdings Appoints Two New York Managing Directors

Jeffrey Lattmann and John Kerns have been named managing directors of Beecher Carlson Holdings Inc.’s New York office. Lattmann will also be a senior partner of the newly formed Executive Liability Practice. Lattmann’s responsibilities will include consultative solution design and …

NAIC Waives $790,000 Industry Assessment Fee

The National Association of Insurance Commissioners (NAIC) announced that the second installment of a 2004 fixed fee assessment for the NAIC’s Securities Valuation Office (“SVO”) will be waived. The assessment, totaling $1.58 million for the 2004 filing year, is related …

AIA: Increasing Idaho’s Speed Limit is Dangerous

Increasing Idaho’s speed limit from 65 mph to 75 mph is dangerous public policy, according to the American Insurance Association (AIA). A bill (SB 1082) introduced by the Senate earlier this month will reportedly exact a terrible toll on Idaho’s …

Nev. Man Charged in Workers’ Comp Scam

Nevada Attorney General Brian Sandoval announced that following a plea of guilty, District Judge Steven Kosach sentenced Dennis Dean Hogue, 51, to 12 to 34 months in the Nevada State Prison for one count of Worker’s Compensation Claimant Fraud. Hogue …

Mo. Senators Square-Off on Workers’ Comp Bill

Senators began debate Wednesday on a Republican-favored bill that would limit the number of workers’ eligible for compensation in an effort to bring down high insurance premiums for Missouri businesses. The state workers’ compensation program was created 80 years ago …

Customers Polled: Foremost Receives High Marks for Processing Hurricane Claims

Foremost Insurance Group of companies received high marks in a survey done on 3,000 customers who suffered losses from hurricanes in late 2004. The survey had a response rate of 39 percent. Those who responded rated Foremost well in seven …

Solomons’ Bill Calls for Overhaul of Texas’ Comp System

State Rep. Burt Solomons (Carrollton) recently filed a bill that would make major changes to the workers’ compensation system in Texas. According to an announcement released by the House of Representatives, House Bill 7 abolishes the Texas Workers’ Compensation Commission …

GAINSCO Revs Up New Marketing Program

Dallas-based GAINSCO announced it has signed on as primary sponsor of Blackhawk Motorsports, who will be making its entry into professional racing by fielding a Daytona Prototype racecar that will compete in the Grand American Rolex Racing Series in 2005. …

Travelers Cuts N.Y. Auto Rates

New Yorkers who insure their private passenger automobile through Travelers will see on average a 5.5 percent rate reduction in 2005, resulting in a cumulative savings of almost $33 million, accordign to the New York State Insurance Department. The company …

DiMuccio Takes Over at Amica Mutual Insurance

Amica Mutual Insurance Company’s new President and Chief Executive Officer Robert A. DiMuccio and new members of the company’s board of directors were introduced at the company’s annual meeting of policyholders. Thomas A. Taylor, president and CEO since 1994, retired …