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

Treasury Issues Guidance on 2005 Terrorism Insurance

The Treasury Department issued interim guidance to assist the insurance industry in meeting new requirements for the Terrorism Risk Insurance Program. On December 22, 2005, President Bush signed into law the Terrorism Risk Insurance Extension Act of 2005, which reauthorizes …

‘Longshore Forum’ Web Site Launched by LIG Marine Managers

A Web site designed as an independent source of information and resources on Longshore insurance topics has been launched by LIG Marine Managers of St. Petersburg, Fla. The Web site is open to all marine businesses, insurance professionals, attorneys and …

Michigan Insurer Honors Top Independent Agents

American Community Mutual Insurance Company, a provider of individual and group health insurance, home-based in Livonia, Mich., honored its top-producing independent agents earlier this year. The annual event recognizes American Community’s Crystal Club, an elite group representing the top 25 …

Gov. Barbour Urges Lawmakers Not to Rely on ‘One-Time Money’

Mississippi Gov. Haley Barbour has warned lawmakers not to rely on “one-time money” granted by Congress to aid in Hurricane Katrina recovery and outlined how the money would be used. Congress appropriated $29 billion to help Mississippi, Louisiana, Texas and …

Brown & Brown Completes Axiom Intermediaries Acquisition

The acquisition of the assets of Axiom Intermediaries LLC of Stony Creek, N.C. has been completed by Brown & Brown Inc. of Daytona Beach, Fla. Axiom Intermediaries, with approximately $14.0 million in annualized revenues, is a reinsurance intermediary and consulting …

Analysts Predict Surge in Insurance Company Mergers in 2006

Analysts are predicting that 2006 could be the big one in terms of new mergers by insurers. Not that 2005 was lean on mergers and acquisitions. Some of the top companies that made the move were notably MetLife (Research)’s $11.5 …

Unigard Introduces FlexAuto Program

Unigard Insurance Group has introduced FlexAuto, an automobile insurance program for independent agents in Idaho and Utah. FlexAuto will be introduced in Oregon, Washington and Arizona in upcoming months. A modified version will be released in California to comply with …

Ala., Miss., La. Black Lawmakers Mull Hurricane Recovery Policy

Black lawmakers from Mississippi, Louisiana and Alabama say the three states should work together – rather than against each other – on issues such as hurricane recovery. “We can all empathize with each other,” Louisiana Rep. Arthur A. Morrell, D-New …

Crawford & Co. Unveils Service Delivery Model to Manage Comp Claims

Crawford & Company reported the formation of Crawford Integrated Services, a new business unit that was developed specifically to solve the most pressing issues facing the workers’ compensation industry: increasing workers’ comp loss costs; quality of care concerns; lack of …

Seattle Firm Chosen to Evaluate Hanford Injured-Worker Claims

The Department of Labor and Industries (L&I) has selected Seattle audit and consulting firm Miller & Miller to review the U.S. Department of Energy’s (DOE) administration of workers’ compensation claims at the Hanford Site. In June, a number of Hanford …