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

AXA, FINAXA Say Merger on the Horizon

The Supervisory Board of AXA and the Board of Directors of FINAXA announced Tuesday that they had approved the study of the principle of a merger through an absorption of FINAXA by AXA and for this purpose, appointed committees of …

Colo. Governor Appoints New Insurance Commissioner

Colorado Governor Bill Owens announced the appointment of David Rivera as Colorado Insurance Commissioner. Rivera has been part of the Owens’ administration since August 2001. In his position as Senior Policy Advisor, Rivera developed and helped to implement the Governor’s …

Brown & Brown Reports 18.4% Gain in Q1 Net Income

Florida-based Brown & Brown announced a new record for its net income and net income per share in the first quarter. Net income per share for the quarter ended March 31, 2005 was $0.62, an increase of 17% over the …

Aon: Businesses Must Not Ignore Terrorism Risk

Regardless of whether or not the U.S. Federal Government authorizes an extension to TRIA (Terrorism Risk Insurance Act) beyond the end of this year, terrorism remains a very real threat and should not be ignored. According to Aon’s 2005 Terrorism …

Meadowbrook Insurance Group Obtains ‘B++’ Rating

Michigan-based Meadowbrook Insurance Group Inc. reported that the ratings of certain of its insurance company subsidiaries have been upgraded by A.M. Best Company to “B++” (Very Good). The upgrade reflects A.M. Best’s positive assessment of Meadowbrook’s financial condition as a …

AORC Applauds Congressional Effort to Increase Use of Seat Belts for Vehicles

The Automotive Occupant Restraints Council (AORC) commended the Senate Commerce, Science and Transportation Committee on Tuesday for including a provision in reauthorization legislation for the National Highway Traffic Safety Administration (NHTSA) which would incentivize the use of seat belts by …

St. Paul Travelers Unveils Internet Basic Liability Protection Policy for Certain Tech Businesses

St. Paul Travelers has launched a basic Internet liability policy aimed at small to mid-size technology businesses at the Risk and Insurance Management Society Conference (RIMS) in Philadelphia. Internet Basic Liability Protection is designed for technology businesses or firms with …

Main Street America to Sponsor Charity Golf Tournament for St. Vincent’s Foundation

The Main Street America Group is the title sponsor for the Murray Bros. Caddyshack® Charity Golf Tournament on May 12-13 at the World Golf Hall of Fame in St. Augustine, Fla., to benefit the St. Vincent’s Foundation of Jacksonville, Fla. …

IBANY Hosts TRIA Extension Meeting

The Insurance Brokers’ Association of the State of New York (IBANY) will host TRIA Extension: The New York Impact, a panel discussion featuring leaders on the forefront of actions to renew the Terrorism Risk Insurance Act of 2002 on Monday, …

Imerica Appoints Three New Executives

Imerica Life and Health Insurance Company has appointed Rod Farmer, president and CEO; Jeff Crippen, chief sales and marketing officer; Tom Keller, CFO; and Craig Magnuson senior vice president and chief actuary. Farmer has more than 29 years of insurance …