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

IIAT’s 108th Conference & Trade Show Set for June 16-17 in Austin

The Independent Insurance Agents of Texas’ announced it is on track to hold its 108th Conference & Trade Show June 16-17 at the Hilton in downtown Austin. The state’s premier gathering of independent agents promises a jam-packed two days of …

Texas Mutual to Pay $50M in Dividends

Approximately 32,000 Texas employers will receive a share of around $50 million in dividends from Texas Mutual Insurance Company. The company announced that its Board of Directors unanimously approved the 2005 dividend plan, which includes an annual component and a …

La. Producer Shut Down on Misappropriation Charges

The Louisiana Department of Insurance reported that a Gonzales, La., insurance producer surrendered her insurance licenses after she was arrested on charges that included misappropriation of insurance premium payments. Mary Jo Guillot St. Amant, 38, president and 100 percent owner …

GMAC Insurance Study: Some 20 Million Drivers are Potential Accidents Waiting to Happen

Results of a study released Thursday suggest that millions of Americans lack basic knowledge of rules of the road and safe automobile operation. In fact, the study shows that if tested today, one in 10 drivers – nearly 20 million …

Committee Works Out Comp Compromise in Texas

A conference committee made up of members of the Texas House of Representatives and the state Senate worked out a compromise on workers’ compensation system reform that had stalled in the legislative process. The Insurance Council of Texas congratulated the …

Study: Typical American Family Spends $12K on Medical Annually

Average medical spending for the “typical American family of four” reached $12,214 in 2005, according to a new study by benefits consulants and actuaries at Milliman, Inc. The Milliman study determined that the average annual medical cost for a family …

Willis Adds Russo to Global IT Team

Global insurance broker Willis Group Holdings announced that Anthony Russo has joined Willis as senior vice president and global chief information officer. Anthony joins from AIG where he has worked for seven years, most recently as senior vice president/chief information …

Pachomski Joins Beecher Carlson Energy Practice in N.Y.

Atlanta-based Beecher Carlson has expanded its national energy practice to include Paul Pachomski as senior vice president. Pachomski will be responsible for the production, marketing and servicing of clients in the energy industry. Pachomski joins a team of energy industry …

Med-Mal Subsidy Relief Finally in Mail for Md. Doctors

Doctors in high-risk specialties in Maryland whose malpractice insurance premiums increased as much as 33 percent this year are finally getting some financial relief from malpractice legislation passed by the General Assembly last December. Medical Mutual Liability Insurance Society, which …

Assurant Names Sack to Lead Chicago Sales Office

Kansas City, Mo.-based Assurant Employee Benefits has named Steven Sack sales manager for its Chicago group sales office. Sack brings to Assurant Employee Benefits many years of sales management experience in the Chicago area. He comes to Assurant Employee Benefits …