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

Editor’s Note: Get with the Programs

If Insurance Journal readers have one consistent request it is for more information about available markets. No matter their agency size, history, politics or niche, readers like knowing about new opportunities for their own businesses, as well as about what …

People

Gerald O’Neill has been named NBIS vice president of underwriting. O’Neill comes to NBIS with more than 20 years of insurance experience in the brokerage and reinsurance community. O’Neill has held multiple senior level executive positions over the years with …

Renew TRIA Now

Mr. President, in 2002 I co-sponsored, and Congress passed, the Terrorism Risk Insurance Act, commonly referred to as TRIA. This important legislation provided a government backstop for the terrorism insurance market that disappeared after the attacks of September 11. TRIA …

News Briefs

ALABAMA DOI Lists Insurance Providers A list of insurance companies, agencies and agents writing property insurance in coastal areas of Alabama, including Mobile and Baldwin counties became available June 13, thanks to the efforts of the Alabama’s Hurricane Insurance Issues …

People

Jennifer Fahrenkrug has been promoted to territory manager at Sheboygan, Wis.-based regional property/casualty insurer ACUITY and will handle the company’s Michigan and Northern Ohio territories. Meanwhile, Kelly Taber has been named commercial lines staff underwriter at the firm’s corporate headquarters. …

Editor’s Note: Rearview Mirror

There are no second acts in American life,” F. Scott Fitzgerald famously noted. True, he never wrote another novel as wonderful as The Great Gatsby, but generally speaking he was wrong. Second, third and fourth chances are what make this …

Ethics Panel Expands Probe Into Ohio Comp Bureau Investments

Ohio taxpayers may own 3,500 bottles of expensive wine and 265 illegal Cuban cigars found in the cellar of the suburban Denver home of a former employee of coin dealer Tom Noe. Authorities on Friday seized the wine, cigars, hundreds …

Insurers Dodge $500 Million Fox River Cleanup Tab-For Now

A coalition of carriers that insured Wisconsin’s paper manufacturers have, for now, successfully defeated a legislative effort that would have forced them to pick up the estimated $500 million tab to clean up the polluted Fox River. The insurers, along …

New Jersey, Massachusetts Reforms Help Open Up Auto Coverage

Efforts to improve auto insurance markets in New Jersey and Massachusetts, two of the worst states in which to write auto coverage, have yielded several important conclusions. One of the most important is the realization that if insurers can’t use …

North Dakota Sets Example on Loss-History Databases

Thanks to the leadership of Commissioner Jim Poolman, North Dakota insurance consumers now have common-sense protections against unfair underwriting and rating actions by insurers because of information in loss history databases, such as the Claims Loss Underwriting Exchange and Automated …