Monthly Archives: <span>January 2006</span>

Best Affirms FSR for Central Reinsurance; Outlook is Stable

A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating (ICR) of “a-” of Central Reinsurance Corporation (Central Re) (Taiwan). The outlook for both ratings is stable. The ratings reflect Central Re’s improvement …

FEMA Issues New Maps to Assist Miss. Recovery Effort

The Department of Homeland Security’s Federal Emergency Management Agency (FEMA), in partnership with the National Oceanic and Atmospheric Administration (NOAA), has developed a series of topographic maps for Mississippi Gulf Coast counties which help property owners rebuild to safe elevations …

Plymouth Rock Assurance Names Cranley Chief Operating Officer

Plymouth Rock Assurance Corporation has hired Thomas Cranley as chief operating officer for Plymouth Rock Assurance Corporation and as president of Mt. Washington Assurance Corporation of Concord, N.H. Cranley’s insurance industry experience includes an 18-year career at Accenture, where he …

La. Health Care Conference Scheduled for Jan. 23

The Tenth Annual Health Care Conference, sponsored by the Louisiana Department of Insurance, will be held on Monday, Jan. 23, 2006, at the Holiday Inn Select (formerly the Radisson Hotel and Conference Center) 4924 Constitution Avenue in Baton Rouge. Registration …

PCI Testifies in Support of Insurance Fraud Bureau Bills

The Property Casualty Insurers Association of America (PCI) testified in Olympia, Wash., in support of two bills that would create the Washington’s first insurance anti-fraud unit in the insurance commissioner’s office. “Fraud costs insurance companies and our policyholders hundreds of …

Ohio Business Groups Push for Workers’ Comp Reforms

Business groups in Ohio are pushing lawmakers to enact reforms to the state insurance fund for injured workers that were agreed upon before a scandal broke over the fund’s investments, according to a recent account by the Associated Press. The …

Mercury General Revises Loss Estimates from Hurricane Wilma

Mercury General Corp. has revised its estimate of losses caused by Hurricane Wilma. On Oct. 24, 2005, Hurricane Wilma made landfall as a Category 3 storm on the southern gulf coast of Florida. The storm crossed the Florida Peninsula and …

Missouri Workers’ Comp Reform in Effect, Despite Drafting Error

Missouri’s Cole County Circuit Court has ruled that despite a legislative drafting error, the workers’ compensation reforms enacted last year have been in effect since Senate Bills 1 and 130 became effective in August, 2005, according the Chicago, Illinois-based Property …

Starr Excess International Names Warwicker COO

Mike Warwicker has been named chief operating officer for Starr Excess International Liability Insurance Company, LTD, where he will have management responsibility for the Dublin headquarters and the London and Bermuda Branches of SEI. Warwicker joined Starr Excess International in …

Peak Performance Acquires PolicyPointe to Expand Product Line

Strategic acquisition is a key component of company’s goal to offer the industry’s most complete end-to-end insurance technology solutions Hoboken, NJ: Peak Performance, a leading provider of insurance technology solutions and services for the property and casualty insurance industry, announces …