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

Huskins Appointed Partner With Woodruff-Sawyer & Co.

Woodruff-Sawyer & Co., one of the largest independent insurance brokers in the nation, announced that Priya Cherian Huskins has been named a Partner with the firm. Huskins joined the firm’s Directors & Officers Liability Practice in 2003, and since then …

Rep. Davis Voices Concerns Over Industry’s Weakness in Fla.

While describing himself as a novice on insurance industry topics, Rep. Jim Davis, D-Tampa, summarized the current state of the industry in Florida during a Friday morning presentation to the Windstorm Insurance Network Conference in Tampa. Davis voiced fears that …

Daughter of LDI Employee Found in Texas

The daughter of Louisiana Department of Insurance employee Kathlee Hennigan has been found in Dallas, Texas. The child, Briana, who is 13 years old, was thought to have been lured away from her home in Zachary, La., between midnight and …

Miss. Legislators Debate Raising Auto Liability Limits

The Mississippi Legislature is considering raising automobile liability limits which could increase insurance premiums in the state. The Mississippi House and Senate each passed legislation on Thursday that for the first time since 1972 increased the minimum coverage required. Both …

Liberty Mutual Opens Captive Office in Vermont

Liberty Mutual Captive Services opened its second on-shore office in the past four months on January 20 when it gained approval to establish Liberty Mutual Management (Vermont) LLC in South Burlington. The principal representative for this Vermont business is Kathryn …

Amica Latest to Cut N.Y. Auto Insurance Rates

Acting New York Superintendent of Insurance Howard Mills announced that most New Yorkers who insure their private passenger automobiles with Amica Mutual Insurance Company will receive on average a 10 percent rate reduction, resulting in a cumulative savings of $12 …

NAMIC Names Detlefsen to Public Policy Post

Former insurance studies research fellow and strategic public affairs counsel, Robert Detlefsen, Ph.D., has joined the National Association of Mutual Insurance Companies (NAMIC) as director of public policy. Detlefsen will develop and direct public policy, communication and media relations strategies …

Conn.’s Vertfaore Acquires Custom Insurance Solutions

Vertafore, Inc., a provider of software, services and information for the property and casualty insurance industry, has acquired Custom Insurance Solutions LLC of San Antonio, Texas. CIS sells management system products to the managing general agent and wholesale brokerage markets. …

PXRE Q4 Net Up 18%; But Full Year Down 76%

The Bermuda-based PXRE Group posted solid results in the fourth quarter with net income up 18 percent to $32.8 million, or $1.09 per diluted share, compared to $27.8 million, or $1.14 per diluted share, in the fourth quarter of 2003. …

Equitas, Zurich/Centre Reach Commutation Agreement

Switzerland’s Zurich Financial Services Group announced that Centre Group, a subsidiary of Zurich, and Equitas have reached an agreement to commute policies purchased from Centre by Lloyd’s syndicates reinsured by Equitas. Equitas is the Lloyd’s vehicle set up in 1996 …