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

Fla. CFO Clarifies His Position on Commissioner, Reforms

Tom Gallagher, CEO of Florida’s Department of Financial Services and a Republican candidate for governor indicates he supports the state’s present system of appointing an insurance commissioner and would like to see comprehensive insurance reforms. In a position paper, Gallagher …

Disaster Assistance Outreach Unit Comes to Mobile

A Federal Emergency Management Agency (FEMA) Disaster Assistance Outreach unit will visit Mobile on Saturday, Feb. 18 through Wednesday, Feb. 22. The unit will be closed on Sunday. The hours are 8 a.m. to 6 p.m. daily. The four-day outreach …

Aon Outsourcing Non-Retail Claims; Sells Off Large Claim Division to Capita

As part of Aon Limited’s strategy to realign its London-based business more closely around client needs and core areas of expertise, Aon has announced that it will be outsourcing its client operations division. In addition, the company has also announced …

Indiana Senators Amend ‘Free Ride’ Health Care Coverage for Legislators

The Indiana Senate recently modified its health care coverage to lessen the burden on Indiana taxpayers, according to a story in the IndyStar. Under changes announced this week, senators would have to pay more for their health coverage. The news …

N.Y. Regulator Balked at Spitzer Deal Ending AIG Contingent Pay

Producers should no longer expect contingent commissions from American International Group, according to the recent settlement with New York Attorney General Spitzer and what the company says is its own global policy now. Spitzer’s announcement stated that “AIG has agreed …

R.I. Gov. Carcieri Names Police Veteran to Beacon Mutual Board

Rhode Island Governor Donald L. Carcieri, who is battling the insurer over legislation to relax its regulation and reduce the number of gubernatoral board appointees, has appointed former State Police Major Brendan P. Doherty of Cumberland to the board of …

Del. Regulator Plans Online Shopping Service, More Consumer Help

Delaware Insurance Commissioner Matt Denn asked for additional staff to investigate complaints against insurance companies and agents as well as fund an Internet insurance rate comparison service that would be the only one of its kind in the country. Denn’s …

André Juneau, Past President of IIAT, Dead at 47

André P. Juneau, senior vice president of Nieman Hanks Puryear, a division of Frost Insurance Agency Inc., Austin, and former president of the Independent Insurance Agents of Texas, died early Feb. 14 in Austin. He was 47. Juneau, who died …

Navigators Group Sees Record Q4

The Navigators Group Inc. reported net income of $15,310,000 or $0.96 per share for the 2005 fourth quarter based on 16,012,000 diluted shares compared to net income of $10,635,000 or $0.84 per share for the 2004 fourth quarter based on …

Venture Technology Expands with Package from OneBeacon

Venture Insurance Programs (www.ventureprograms.com), a national program administrator and provider in the design and underwriting of select industry-focused insurance packages, reported that its Venture Technology has added a new comprehensive package solution. The technology package product is through OneBeacon Insurance …