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

Golf Issue Swings into Action

Welcome to Insurance Journal’s third annual national golf issue, where a golf theme yet again graces the magazine’s cover. Readers who are breathlessly awaiting a cover story on surplus lines, contractors, commercial auto coverage, or professional liability, will have to …

GEICO, Google Continue Court Battle

A U.S. District Court judge ruled Monday that GEICO, in its case against Google, “established a likelihood of confusion, and therefore a violation of the Lanham Act, solely with regard to those Sponsored Links that use GEICO’s trademarks in their …

Anthem Owes $1.5M to Settle Overcharge Allegations

Indiana-based Anthem Insurance Companies will pay the United States $1.5 million to settle allegations that the company overcharged the Federal Employee Health Benefits Program (FEHBP), the Justice Department announced today. The corporation has served as a contractor within the FEHBP. …

Milliman Notes Internet Seminar on Medical Underwriting Guidelines

Milliman announced that on Aug. 30, it will offer a free Internet seminar titled “International Medical Underwriting Guidelines”. This presentation is an introduction to the upcoming release of the Brazil Medical Underwriting Guidelines and the Mexico Medical Underwriting Guidelines. The …

Poe Increases Insurance for Program

The 2004 hurricane season confirmed that many insured homeowners did not have enough insurance to cover a catastrophic loss. It is estimated that two out of every three homes nationwide are underinsured. In fact, a recent survey revealed that the …

Tower Group Buying MIIX Insurance Co. N.Y., N.J. Licenses

Following its shell acquisition strategy, Tower Group Inc. announced it has agreed to acquire MIIX Insurance Company of New York (MIIX), an insurance company with licenses in New York and New Jersey. Closing of the transaction is expected to occur …

ACIC Responds to Calif. Commissioner Garamendi’s Rate Decrease

The following is a response from the Association of California Insurance Companies in regards to Commissioner John Garamendi’s recommended decrease in workers’ comp rates. Although not fully implemented, reforms enacted over the past two years to overhaul California’s workers’ compensation …

Hull & Company Acquires E.&S. Brokerage Services Inc.

Edwin J. Calabrese, president and COO of Hull & Company Inc., of Fort Lauderdale, Fla. and Timothy D. Neff, president of E. & S. Brokerage Services Inc., with offices in Albuquerque, N.M. and Tucson, Ariz. announced the asset acquisition of …

Calif. Commissioner Announces -26.78 Percent Average Decrease in Workers’ Comp Filed Rates

California Insurance Commissioner John Garamendi announced that workers’ compensation insurers in the state filed rate reductions averaging -14.6 percent for policies incepting on or after July 1, 2005 bringing the cumulative rate reduction to -26.78 percent since reforms were enacted. …

Espino Named Universal Holdings of North America President

Rick Espino has been named president of Universal Insurance Holdings of North America Inc. of Sarasota, Fla. and its subsidiary companies, including Universal Insurance Company of North America, Universal Insurance Managers Inc., Universal Insurance Company of Texas and UIM of …