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

People & Places

Kevin Rehnberg OneBeacon Insurance Group, a wholly owned subsidiary of White Mountains Insurance Group, has named Kevin Rehnberg as senior vice president reporting to Chief Executive Officer John Cavoores. Rehnberg will help support OneBeacon’s specialized, segmented commercial business. Rehnberg, a …

Md. Lawsuit Charges Flood Insurance Conspiracy to Low-Ball Claims

More than 140 claimants are suing federal flood insurance officials and the program’s insurance industry partners claiming they conspired to low-ball their claims payments after their properties were hit by Tropical Storm Isabel two years ago. Homeland Security Undersecretary Michael …

Cold War Erupts in Mass. Over Governor’s Auto Insurance Reforms

A Cold War has erupted in Massachusetts over of all things, the state’s auto insurance system. Republican Gov. Mitt Romney started it. In unveiling a deregulation package he hopes will attract national carriers and reward good drivers, Romney repeatedly referred …

For Mutuals, SOX Rules Don’t Fit

Crucial differences between public and mutual insurers cause the National Association of Mutual Insurance Companies to oppose the National Association of Insurance Commissioners’ proposal to embed in state insurance regulation the expensive and burdensome provisions on financial disclosure found in …

What Employers Need to Know About Conn.’s New Civil Union Law

Connecticut recently became the first state to voluntarily adopt legislation recognizing civil unions between same-sex couples. Connecticut’s civil union law, which will go into effect October 1, formally recognizes civil unions between same-sex couples over the age of 18 and …

Fearless Marketing

Few professionals understand more than insurance agents how unprepared Americans can be for life’s dangers. A new survey confirms agents’ fears about their own customers. It shows ours to be a nation of citizens who while worried about illness, accidents, …

Zurich N.A. Appoints Seven Executives to New Regional Positions

Zurich North America has announced the appointments of H. Lindy Hardman III, Jerry J. Blais, Joseph S. Murphy, M. Bradley Brown, Kathleen Dwyer, Matt Munson, Donald D. Doyle, Jr. to newly created regional executive positions. In their new roles, each …

PCI: Mass. Court’s Rejection of CAR Changes Shows Need for Reform

In a development that reportedly illustrates the need to reform Massachusetts’ antiquated automobile insurance system, a superior court judge on Monday ruled that Insurance Commissioner Julie Bowler lacked the statutory authority to order the state’s private passenger automobile residual market, …

Moisture Rotting Oregon Homes

Moisture is rotting newer homes and condominiums from Portland to Seattle left vulnerable by a combination of new building techniques, trouble-prone materials and shoddy construction, a newspaper reports. An investigation by The Oregonian showed the problem is nationwide, but homeowners …

W.V. Commission Approves 1.9 Percent GEICO Rate Decrease

The West Virginia Insurance Commission has approved Government Employees Insurance Company’s (GEICO’s) rate filing that was submitted earlier this month to the West Virginia Insurance Commission. GEICO requested approval for a 1.9 percent rate decrease for its private passenger automobile …