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

Insurance and Bonds Inc. and Cadenhead Shreffler Insurance Announce Merger

Insurance and Bonds Inc. and Cadenhead Shreffler Insurance, two of Texas’ leading independent surety bonding and insurance agencies, recently announced that the companies have merged. The merger was finalized March 1 and has created one of the largest independent and …

IVANS Survey: Independent Agents Concerned About Internet Security; 80% Fear Viruses, Worms

IVANS Inc., a provider of networking and e-commerce solutions for the insurance and healthcare industries, announced the results of an independent insurance agent survey covering technology issues such as security and agency-company interface. The survey revealed that Internet security is …

Pierson Joins Physicians Insurance

Seattle, Wash.-based Physicians Insurance A Mutual Company has announced that Rodney A. Pierson has been named senior vice president, CFO and treasurer. Pierson’s long history in finance includes his recent executive role with Shurgard Storage Centers Inc., and his position …

The Bernard Warschaw Insurance Sales Agency Becomes PULIC Insurance Services Inc.

The Bernard Warschaw Insurance Sales Agency, based in Napa, California, and a wholly-owned subsidiary of The Doctors Company, has changed its name to PULIC Insurance Services Inc. “Only our name has changed. This was done in order to better reflect …

Industry Veteran Lejfer Opens Environmental Wholesaler

Jefferey S. Lejfer is opening the doors of New Day Underwriting Managers LLC, a new environmental insurance wholesale firm. The company, based in Bordentown, N.J., will assist brokers and their clients find appropriate environmental insurance coverages from major insurance markets. …

Hundreds Evacuated as Delaware River Floods

After Hurricane Ivan filled their little ranch house in Easton, Pa. with several feet of water, Dale and Charlotte Barr spent $40,000 to get it back in shape, doing most of the work themselves. They were just about to tackle …

ACE USA Names Huber as Senior VP, Regional Exec.

ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, announced the appointment of James Robinson (Rob) Huber as senior vice president and regional executive, Southeast Region. Based in Atlanta, Huber will be responsible for setting and …

Fla. CFO Holds Town Hall Meeting April 7

Florida’s Chief Financial Officer Tom Gallagher will host a town hall meeting Thursday, April 7, from 5 p.m. to 8 p.m. at the Jupiter Community Center, to hear from storm victims whose insurance claims are still unresolved. This town hall …

Key Insurers Withdraw Support for Federal Asbestos Trust Fund but Sens. Frist, Specter Push Ahead

More than a dozen insurance companies have dropped their support of the proposed $140 billion federal trust fund meant to pay claims stemming from asbestos lawsuits, telling Congress it should instead work to establish standard medical criteria for such cases. …

Lloyd’s Recorded Strong 2004 Profit Despite Hits from Natural Catastrophes

Lloyd’s of London announced an annually accounted profit of $2,605 million in 2004. Although below profits of 2003, this result was achieved despite net claims of $2.3 billion from the U.S. hurricanes, in the worst-ever year for industry losses from …