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

Liberty Mutual Launches Online Business Interruption Training Tool

Liberty Mutual Property has launched online training capabilities for business interruption coverage, designed to address the most confusing and complicated aspect of property insurance. The Web-based training program guides risk managers and producers through a series of online lessons that …

Demotech Gives Nationwide of Florida an ‘A’ Rating

Demotech Inc. has confirmed that a Financial Stability Rating (FSR) of A, Exceptional, remains in place for Nationwide Insurance Company of Florida. The confirmation comes after NICOF received a capital infusion from Nationwide Mutual Insurance Company. NICOF is a wholly-owned …

Doyle Appointed Exec. VP, General Manager for Wausau Field Operations

Susan Doyle has been promoted to executive vice president and general manager for field operations for Wisconsin-based Wausau Insurance. Doyle will have oversight responsibility for all Wausau divisions and Wausau Signature Agency. She will continue to be based in the …

Missouri Department Alleges Agency Failed to Remit Premiums

The Missouri Department of Insurance is seeking to discipline a Missouri insurance agency whose employees it says committed multiple violations of Missouri laws by failing to remit a total of $3,500 in insurance premiums to insurers. The department said its …

Zacharopoulos to Lead Intergo’s Southeast Management Risk Practice

Thomas Zacharopoulos has joined Integro’s newly established Atlanta office as managing principal and will lead the management the risk practice for Integro’s Southeast operations and also lead of Integro’s national Management Risk Practice. Zacharopoulos has more than 18 years experience …

Florida Reduces 2006 Longshore Rates

Longshore rates in Florida have taken another reduction according to LIG Marine Managers of St. Petersburg, Fla. On top of the general rate reductions approved by the state, the Longshore surcharge has again been reduced to 129 percent, effective Jan. …

Ark. Amends Rule on Effect of Non-Licensed Agent/Brokers

The Arkansas Insurance Department announced it has amended its previously issued bulletin of 9-2004 regarding the effect of non-licensure of agent/brokers on insurance contracts in Arkansas to correct code citations under the Producer Licensing Model Act, in Ark. Code Ann. …

Former Calif. Broker Charged with Selling Fake Policies

Calif. Insurance Commissioner John Garamendi has announced that a former Los Angeles insurance broker has been arrested and charged with 63 felony counts related to the sale of thousands of fake insurance policies throughout the nation. San Antonio, Texas, resident …

Florida ‘Fraud Fighters Program’ Pays $16,000 in Rewards to Tipsters Reporting Schemes

Five individuals who reported fraud perpetrators have received $16,000 in cash rewards from the Florida Financial Services Department after the recipients, including a child, provided information that led fraud detectives to thwart more than $1 million in fraudulent insurance claims. …

Standard Personal Line Advisory Committee Changes Meeting Date to Dec. 13

The next Standard Personal Line Advisory Committee meeting, originally scheduled for Dec. 6, has been re-scheduled. The meeting will be held on Tue., Dec. 13, in Room 309 in the Capitol from 10 a.m. until 4 p.m. CFO Tom Gallagher …