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

Tower Group Names Beitz to Head New Program Unit

Tower Group, Inc. in New York announced the appointment of Joseph P. Beitz to a newly created position as managing vice president of program underwriting, reporting to Michael H. Lee, Tower Group, Inc’s president and chief executive officer. Beitz’s primary …

Workers’ Comp Bill Substitute Filed in Texas Senate

The media services division of the Texas Senate reported that State Sen. Todd Staples of Palestine has laid out a substitute for Senate Bill 5, the comprehensive workers’ compensation reform bill. Staples filed the substitute to address some of the …

Texas Lawmaker Files Bill in Response to ChoicePoint Security Breach

The Texas House of Representatives reported that on the heels of the revelation of a major security breach at data broker ChoicePoint, State Rep. Eddie Rodriguez, Austin, has introduced a measure to give Texas consumers the right to know when …

Utah Court Rules in Favor of Workers Comp Fund

On Feb. 2, 2005, Utah Third District Judge Leslie A. Lewis ruled in favor of Workers Compensation Fund, dismissing an action brought by the Utah State Auditor. In that action, the State Auditor asserted that WCF was a state agency …

Walden Named VP of Pacific Wholesale

Pacific Wholesale Insurance announced it has named Genia Walden as a company vice president. She will function both as a broker and an underwriter for the Dallas-based firm. Walden formerly served other leading MGA/brokerage companies in the Southwest. She has …

Fink Joins Texas Mutual

Texas Mutual Insurance Company announced that Donna Fink is the new underwriting and marketing manager for its Houston regional office. She will oversee the company’s Houston region underwriting and marketing operations. Fink has worked in several positions in the insurance …

Munsterman Joins CLUS as Assistant VP

Cunningham Lindsey U.S. Inc. (CLUS), headquartered in Dallas, announced the addition of Gary Munsterman as assistant vice president and national account executive. Munsterman will be based in Denver and will have sales and client liaison responsibilities for the Western U.S. …

Nonprofits’ Panel Urges Enhanced Oversight of Charities, Increased Transparency

The Panel on the Nonprofit Sector, a Washington, D.C- comprised of nonprofit organizations across America, has proposed to the U.S. Senate Finance Committee a series of recommendations to open up the financial operations of charitable organizations to more public scrutiny …

Beazley Opens Up Shop in U.S. for Specialty Lines

London-based Beazley has started underwriting specialty lines business locally in the U.S. on behalf of its syndicates at Lloyd’s. The opening of its office in Farmington, Conn. is part of Beazley’s plans to enhance its access to the U.S. market. …

MMC Downsizing Plan Includes Dropping ‘Unprofitable’ Marsh Accounts But Not Selling Putnam or Mercer

Giant insurance broker Marsh, battered by regulators, soft market prices and competitors in 2004, plans on dropping thousands of unprofitable U.S. middle and small market accounts as it implements its new business model and ends its reliance upon controversial contingent …