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

Transatlantic Re Elects New Officers

At its regularly scheduled meeting, the Board of Directors of Transatlantic Reinsurance Company, a subsidiary of Transatlantic Holdings, Inc. announced that it had elected the following officers: New York: William McLaughlin – Senior Vice President Victor Delgado – Assistant Vice …

WCIRB Proposes 10.4 Percent Decrease in Pure Premium Rates

On March 25, 2005, the WCIRB submitted a filing to the California Insurance Commissioner recommending a 10.4 percent decrease in advisory pure premium rates effective July 1, 2005 on new and renewal policies. The proposed pure premium rate change is …

Community Insurance First Changes Name Following Acquisition

Bank of the West announced the debut of the new name of its insurance subsidiary, BW Insurance Agency Inc., which replaces the Community First Insurance name. Community First Insurance was part of the former Community First National Bank, which was …

Hylant Group Promotes Hall to President of Specialty Programs

Toledo, Ohio-based agency Hylant Group announced the promotion of Brian K. Hall to president of Hylant Specialty Programs/National Insurance Specialists. Hall is responsible for the overall operations of Hylant Specialty Programs, a division of Hylant Group. Hylant Specialty Programs operates …

SECURA to Unveil Farm Rating Program for Agents

Appleton, Wis.-based SECURA Insurance Cos. announced that it will soon introduce a desktop farm rating software program for its agents. The program, called AgRate, will be downloaded through its Web site. Agents will simply enter risk information into the rating …

Ohio Casualty Names Gerard New Senior VP of Investments

The Ohio Casualty Insurance Co. announced that Paul Gerard has been named senior vice president of investments, effective March 21. Gerard, 45, comes to Ohio Casualty from GE Asset Management and Genworth Financial, where he has served in several portfolio …

Fla. Legislators Hammering Out Property Insurance Regulations, Changes

Major changes in Florida’s property insurance system are being mulled over by Florida lawmakers after the House and Senate have both been wrestling with the topic and have now hammered out changes to tighten up the insurance regulations and requirements. …

AIA Urges New Mexico Governor to Sign Credit Bill

The American Insurance Association said on March 24 that it is strongly urging New Mexico Gov. Bill Richardson (D) to sign S.B. 560, the Personal Insurance Credit Information Act, which was passed by the legislature on March 19. “By signing …

Judge Rules W.V. Insurance Commission Must Reveal Sources in Third-Party Bad-Faith Lawsuit Study

A West Virginia Circuit judge has ruled in Charleston that the West Virginia Insurance Commission must reveal the names of companies and organizations it consulted to complete a study that recommended eliminating third-party bad-faith lawsuits. Kanawha Judge Paul Zakaib made …

CE Credits for Insurance Adjusters Offered at Texas Safety Summit May 11-12

The Texas Department of Insurance has approved continuing education credits for insurance adjusters for breakout sessions offered at the 9th Annual Safety and Health Conference on May 11-12 in Austin. Insurance adjusters attending the conference, also known as the Texas …