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

Financial Summit to Discuss Federal Insurance Charter Options

Nationally-recognized expert on insurance markets and regulation, Scott Harrington, Ph.D., and Alan B. Miller, professor of the Wharton School at University of Pennsylvania, will discuss “Federal Charters for Insurance Companies: Options and Alternatives” during the 3rd Annual Insurance Summit presented …

Barger and Wolen Open Ariz. Office

Barger & Wolen LLP, a Los Angeles-based law firm specializing in insurance regulatory, general business and litigation matters, has announced the opening of an office in Phoenix to be managed by Charles Cohen, former Director of the Arizona Department of …

Wash. Approves Anti-Fraud Unit

Washington state officials have amended and approved legislation that would create an insurance anti-fraud unit in the insurance commissioner’s office, according to the Property Casualty Insurers Association of America’s (PCI) Northwest Regional Manager Kenton Brine. “The Washington House Financial Institutions …

Calif. Associations Want Auto Aftermarket Competition to Continue

Insurance associations in California are opposing legislation that could deter auto aftermarket parts competition. Competition among manufacturers of quality, replacement crash parts has saved consumers hundreds of millions of dollars over the years, according to testimony delivered before a state …

N.M. Legislators Adjourn on Quiet Note for Industry, Says NAMIC

New Mexico’s 30-day legislative session, which ended last Thursday, was predominantly focused upon budget related legislation, but a few insurance related bills were introduced, according to the National Association of Mutual Insurance Companies (NAMIC). Ninety-eight NAMIC member companies write 34 …

Midland Company Reports Strong Fourth Quarter Earnings

Cincinnati-based The Midland Company, a provider of specialty insurance products and services, today reported fourth quarter 2005 net income of $20.0 million, or $1.03 per share, including 3 cents in realized capital gains, compared with $23.6 million, or $1.22 per …

SeaBright Insurance Sees Q4 Net Income of $6.3M

Seattle-based SeaBright Insurance Holdings Inc. reported results for the fourth quarter and year ended Dec. 31, 2005. For the fourth quarter of 2005, net income was $6.3 million or $0.38 per diluted share compared to net income of $3.2 million …

Boeing Named as Defendant in Greek Air Crash Lawsuit

The law firm of Lieff, Cabraser, Heimann & Bernstein, LLP, announced that, in cooperation with the Cyprus-based law firm of Phoebus, Christos Clerides, N. Pirilides & Associates, that families of victims of the crash of Helios Flight 522 have filed …

Ohio Governor’s Race Heats Up as Primary Candidates Toss Allegations

The race for Ohio governor is heating up as Secretary of State Kenneth Blackwell raises questions about his primary opponent Attorney General Jim Petro in a new ad campaign that raised the ire of the state party boss. Blackwell’s ads …

R.I.’s Doorley Agency Adds Asselin, Vadeboncoeur to Staff

Wayne Asselin is bringing his 25 years of insurance experience to Doorley Insurance Agency in East Greenwich, R.I. In his position as commercial lines account manager, Asselin will be responsible for maintaining support relationships with commercial line clients; handling underwriters’ …