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

Lemoine Joins Woodruff-Sawyer’s Southern California Office

Woodruff-Sawyer & Co. announced that Stacy Lemoine has joined the firm as an Account Executive with their Southern California office. Lemoine will lead new business development activities and provide strategic risk management consultation for public, private and non-profit organizations, with …

Ala. Wind-Policy Provider Limits Risks to Over $10M

Alabama wind-policy provider International Catastrophe Insurance Managers (ICAT) has announced that it will no longer accept wind coverage for risks less than $10 million in Baldwin County, Ala. According to Victor McCarley Alabama Independent Insurance Agents executive vice president, ICAT …

Universal Holdings Creates New Personal Lines Insurer for Texas

Universal Insurance Holdings of North America, a wholly owned subsidiary of Universal Insurance Group based in Puerto Rico, announced the creation of Universal Insurance Company of Texas (UICTX). “This is a continuation of Universal’s strategic expansion plan into the North …

IIA of Houston to Conduct CISR Program in Jan. of 2006

The National Alliance for Insurance Education & Research and the Independent Insurance Agents of Houston have announced that the IIA of Houston will take over the administration of the Certified Insurance Service Representatives (CISR) Program in Houston, effective January 2006. …

Former La. Commissioner Dead at 96

Former Louisiana Insurance Commissioner Dudley Anthony Guglielmo Sr., whose government career dated back to the days of Huey Long, has died at the age of 96. The Associated Press and The Advocate reported that Guglielmo died Saturday at his home. …

Texas HMOs Strong Financially

HealthLeaders-InterStudy, a provider of managed care industry intelligence, announced it has found that Texas HMOs as a whole continued a three-year streak of profits in 2004, and several individual plans improved dramatically. According to the latest issue of the Texas …

Ohio WC Bureau Planning Hospital Rate Cuts

In spite of warnings from health care groups, the Ohio Bureau of Workers’ Compensation plans to cut the rates it pays hospitals treating sick and injured workers. The bureau insures about two-thirds of all employees in Ohio, providing medical and …

N.J. Man Burned in Arson Scam; Could Face 5 Years in Prison

New Jersey Criminal Justice Director Vaughn McKoy announced that the Division of Criminal Justice – Office of Insurance Fraud Prosecutor has obtained a State Grand Jury indictment charging a Middlesex County man with attempted theft resulting from an apartment fire. …

Fla. Attorney General Announces $200,000 in Restitution for Hurricane Price Gouging

Attorney General Charlie Crist has announced that an investigation into possible price gouging following last year’s hurricanes has led to a settlement that will provide more than $200,000 in restitution for Floridians. The target of the investigation, Fort Walton Beach-based …

RIMS: Survey Shows Soft Market Proving Stubborn

Premiums in the commercial insurance industry continued along the path of an 18-month long down market, according to the RIMS Benchmark Survey, a survey of current policy renewal prices as reported by corporate risk managers. However, mixed signals from the …