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

CRM Holdings Prices Initial Public Offering

CRM Holdings Ltd, a provider of fee-based management and other services for workers’ compensation self-insured groups in New York and California, has priced its initial public offering of 8.85 million common shares at $13 per share. CRM is offering 6 …

Wash. Gears Up for All Industry Day

On Feb. 1, the Independent Insurance Agents & Brokers of Washington, Surplus Line Association of Washington, Insurance Agents and Brokers of the West (IBA West), WA Council of National Association of Insurance Women, and Greater Seattle Insurance Professionals are gathering …

Ace USA Adds San Francisco Staff

ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, has named Susan Burkhart assistant vice president in ACE Risk Management’s West Coast Construction team. ACE The company also has appointed Jessica Yueh as business development manager …

FEMA Flood Insurance Program Launches Agent Web Site

The National Flood Insurance Program has launched a FloodSmart Agents Web site to provide access to agent materials and new content in a password-protected agents-only section of www.FloodSmart.gov. After registering for a username and password, agents can log in to …

Ohio Comp Bureau Issues Report Over Concerns of Private Investors

A controversial report regarding private equity funds managed for the Ohio state insurance fund for injured workers was released on Friday. The report was made public despite objections by some of the private fund managers that information in the report …

Duncan, Fraser & Bridges Acquires Amarillo, Texas-based Agency

Duncan, Fraser & Bridges Insurance Agency Inc., a member of Combined Agents of America, LLC (CAA), announced it has purchased Amarillo, Texas-based independent insurance agency, Edmond, Deaton & Stephens. According to Duncan, Fraser & Bridges, the purchase represents $10 million …

Minnesota Officials Address Medicare Prescription Problems

A St. Paul, Minnesota Medicare official said today that a system glitch that has left hundreds of Minnesotans unable to get prescription drugs should be able to be identified and quickly fixed. Low-income people on both Medicare and Medicaid encountered …

Okla. Senate Sub-Committee to Hold Hearing on Rural Fire Department Funding Needs

The Oklahoma Senate Appropriations Sub-Committee on Natural Resources and Regulatory Services will hold a hearing Jan. 12, 2006, on the funding needs of rural fire departments in Oklahoma in the wake of the wildfires that have burned more than 360,000 …

Nevada Men to Face Katrina-Related Fraud Charges in La.

Two Nevada men accused of defrauding victims of Hurricane Katrina and their insurance companies were returned to Louisiana to face criminal charges. State police accused William Pinckard, 49, and James R. Rousseau, 40, of Las Vegas, of insurance fraud, conspiracy, …

Retailers Assn. Announces New, Michigan-Based Insurance Company

The first completely new insurance company established in Michigan in six years was announced today with the Michigan Retailers Association’s launch of the Retailers Mutual Insurance Company. Retailers Mutual is a provider of workers’ compensation insurance to businesses, non-retail as …