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

Main Street America Introduces Online Quoting System

A new online quoting system has been introduced by Main Street America Group of Jacksonville, Fla. that enables independent agents to quickly obtain homeowners and personal auto business quotes directly from the firm’s website. Main Street America’s Personal Lines Quick …

Calif. Court Says Broker Owes Duty of Care to Third Party

California’s Second District Court of Appeals has decided that an insurance broker owed a legal duty of care to a third-party after an insurer refused to pay claims under an express policy exclusion. The case, Business to Business Markets Inc. …

Casey to Lead Duane Morris Insurance Practice Group

Duane Morris has named William J. Casey to head of the law firm’s Insurance and Reinsurance Practice Group. Casey was the former managing partner of the San Francisco office of Hancock, Rothert and Bunshoft – which merged with Duane Morris …

Zurich, Hellman & Friedman Call Off Universal Underwriters Sale

Zurich Financial Services Group (Zurich) and affiliates of Hellman & Friedman LLC (H&F), a leading private equity investment firm, jointly announced that they have agreed not to proceed with the sale of Zurich’s wholly owned Universal Underwriters Group to an …

Colo. Insurers Can Expect Challenging Year, AIA Says

The 2006 Colorado legislative session is predicted to be a challenging year for insurers, as it works to keep costs down in the automobile insurance and workers’ compensation markets, according to theAmerican Insurance Association (AIA). Following the Interim Auto Insurance …

DMI Launches E&S Division for Auto Dealers and Specialty Shops

Morgan Hill, Calif.-based DMI Insurance Services Inc., has created a wholesale division that will specialize in E&S markets for independent auto dealers and automotive specialty shops. Tina Evans, an insurance professional with 15 years of experience, has been named commercial …

7 Suspects Arrested in Calif. Workers’ Comp Fraud

Seven suspects in California’s San Joaquin Valley region have been arrested for workers’ compensation fraud that cost insurers $900,000, and duped the state out of some $676,000 in payroll taxes, according to Insurance Commissioner John Garamendi. The arrests were made …

GAINSCO Reports $25M Capital Securities Issue

GAINSCO Inc. (announced that its newly formed and wholly owned subsidiary, GAINSCO Capital Trust I, issued $25 million of 30-year capital securities. GAINSCO is a Dallas, Texas-based holding company. Its nonstandard personal automobile insurance products are distributed through independent retail …

RISC Launches New Commercial Auto Market in Okla.

RISC Inc. announced it is rolling out a new commercial auto market in Oklahoma. Coverage highlight include: –Service vehicles of all types –Waste disposal; salvage and recycling operations –Oil Lease Operators and Oilfield Contractors –Contractors of most types –New ventures …

Barker Joins Findley Davies’ Charlotte, N.C. Office

Adam S. Barker has been named senior consultant and practice leader in Charlotte, N.C. for Findley Davies of Toledo, Ohio responsible for health and group benefits in North and South Carolina. Barker was most recently president and founder of Ascendant …