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

Guy Carpenter Unveils 2005 Central, Eastern Europe Flood Report

Guy Carpenter & Company Ltd. reported the release of European Flood Report 2005 – Central and Eastern Europe, a detailed summary and review of 2005 Central and Eastern European flood activity. The report, available in both English and German, also …

Vermont Gov. Douglas Seeks Nominees for Workplace Safety Award

Vermont Gov. James Douglas and the Vermont Department of Labor annually recognize employers that have made outstanding achievements in workplace safety and health. The first annual Governor’s Workplace Safety Award was given out last March. The award in the category …

Ill.’s Euclid to Purchase Environmental Insurance Brokers

Euclid Insurance Services, Inc. in Itasca, Ill., plans to acquire McHenry, Ill.-based Environmental Insurance Brokers, Inc., a commercial insurance agency that specializes in serving the waste-hauling and transportation industries. As part of the merger, Environmental Insurance Brokers president MarisaMaselli and …

Munich Re Reports on Tsunami Loss Inspection Results

Munich Re has released the results of a “loss inspection” conducted on the West Coast of Thailand to assess the consequences of the devastating tsunami, which struck the area one year ago. Experts from the reinsurer’s Geo Risks Research team …

S&P Raises Ratings on Ming An

Standard & Poor’s Ratings Services announced that it has raised its long-term insurer financial strength rating on Hong Kong’s Ming An Insurance Co. to “BB+” from “BB”, “reflecting an improvement in the company’s operating performance and financial profile.” The rating …

Timmeny Retires from Quanta’s Board

Bermuda-based Quanta Capital Holdings Ltd. , which provides specialty insurance, specialty reinsurance, and risk assessment and consulting services through its subsidiaries, reported that Wallace L. Timmeny, 68, is retiring from service on Quanta’s Board of Directors and committees, effective Dec. …

Florida Insurance Council EVP Predicts Hurricane Insurance Will Be of ‘Utmost Concern’ in 2006

Hurricane insurance will be the most significant property and casualty issue on a state level in 2006, just as it was in 2005, Sam Miller, executive vice president of the Florida Insurance Council told Insurance Journal. “Congress, at a higher …

Four Key 2006 Goals Outlined by Florida Big ‘I’ President

The Florida Association of Insurance Agents has four key goals to accomplish in 2006 according to Jeff Grady, FAIA president and CEO, first, to pass its property insurance market proposal; second, to pass FAIA’s proposal to reform certificates of insurance …

Mass. Bus Driver Pulled Over for Alleged Workers’ Comp Fraud

An public transit MBTA bus driver has been indicted on charges that he fraudulently collected workers’ compensation benefits and submitted falsified documents to support his claims, Attorney General Tom Reilly announced. Jonathan T. Farrow, Sr., of Hyde Park, was indicted …

Governors in Okla. and Texas Respond to Wildfire Threat

Both Texas Gov. Rick Perry and Oklahoma Gov. Brad Henry are responding to waves of wildfires plaguing their states as a result of the extremely dry conditions there. Henry reminded citizens that a statewide burn ban remained in effect for …