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

Texas AG Warns Businesses About Security Breaches and Consumer Identity Theft

Texas Attorney General Greg Abbott on March 14 sent an urgent message to all Texas businesses that manage databases with sensitive personal information on citizens to immediately undertake measures to ensure the security of the data. “Recent events in California, …

Oklahoman Sentenced for Fraud

The owner of a Tulsa, Okla., medical equipment company was recently ordered to pay more than $348,000 in restitution for fraud charges, according to state Attorney General Drew Edmondson. Janet K. Merrifield, 54, will serve five months imprisonment followed by …

Peters Joins Yates & Associates

Santa Ana, Calif.-based Yates & Associates announced that Linda J. Peters will be joining its Santa Ana office as the newest underwriter/broker. At Yates Peters will be responsible for bringing in new revenue from both contract markets and brokerage markets. …

Fla. CEO Misses Fort Pierce Meeting Due to ‘Miscommunications’

More than 100 homeowners, clutching manila file folders full of hurricane-related paperwork, newspaper reporters and other interested persons milled around the Fort Pierce, Fla. City Hall on March 11 waiting for Florida’s CFO Tom Gallagher to arrive for the “Consumer …

Regulators Name Consumer Liaison Reps for 2005

The National Association of Insurance Commissioners recently named its funded consumer liaison representatives for 2005. Established in 1992, the program promotes consumer representation and interaction with NAIC members, industry and interested parties through dedicated individuals committed to serving the public …

AIG Forms One-Stop Construction Insurance Unit

The domestic brokerage group of the AIG Companies has created AIG Construction Solutions, a consolidated practice that will serve as the central point of contact for domestic brokers and agents placing construction business with the member companies of AIG. “The …

Insurers Worried that N.J. Proposal Would Force Many Employees to Register as Lobbyists

A proposal by the New Jersey Election Law Enforcement Commission that would require most insurance company employees to register as lobbyists fails to distinguish true lobbyists who perform an “influencing” role, according to the Property Casualty Insurers Association of America …

HCC Holding’s CEO to Speak at Target Markets

The Target Markets Program Administrators Association announced that Stephen Way, chairman and chief executive officer of HCC Insurance Holdings, will provide a keynote presentation titled: “Why should we buy your MGU””, at the association’s mid-year meeting scheduled for April 25-27, …

Pa. Sees Slower Growth in Workers’ Compensation Claim Costs, According to WCRI Study

Costs per workers’ compensation claim in Pennsylvania rose 6 percent between 2001 and 2002, according to a new report by the Cambridge, Mass.-based Workers Compensation Research Institute (WCRI). This contrasts with more rapid annual growth of 9-10 percent in the …

Main Street America Posts 14.4 Percent Return on Equity

The Main Street America Group of Jacksonville, Fla. has announced that its return on equity in 2004 was 14.4 percent, its second consecutive year of strong ROE performance. In 2003, the Jacksonville, Fla.-based insurance holding company achieved a 20.5 percent …