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

AIG Auto Insurance Lowers Rates for Policyholders in Nevada

AIG Auto Insurance has announced it would lower auto insurance costs for thousands of policyholders in Nevada. The company is implementing a 5 percent rate decrease in Nevada, lowering auto insurance costs on thousands of vehicles and resulting in hundreds …

Proposed Car Insurance Rates Pit Urban vs. Rural Drivers

Urban and rural drivers in California faced off over a new way to calculate car insurance rates that would be based more on how people drive than where they park their cars. Insurance Commissioner John Garamendi proposed changes he said …

Guy Carpenter and MMC Securities Unveil Review of CAT Bond Market

Guy Carpenter & Company Inc. and MMC Securities Corp., an affiliate of Guy Carpenter, reported the publication of The Catastrophe Bond Market at Year-End 2005: Ripple Effects from Record Storms, their fourth annual joint study of natural catastrophe bond transaction …

Sarbanes-Oxley Oversight Board Facing Constitutional Challenge

A group of advocates for free enterprise and limited government that includes former federal independent counsel Kenneth Starr is challenging the constitutionality of the Sarbanes Oxley Act and its provisions that govern the accounting of public companies. The Free Enterprise …

Stone Oak Underwriters to Provide Public Officials E&O, EPLI and Law Enforcement Liability for Public Entities

San Antonio, TX – Stone Oak Underwriters, LLC, of San Antonio, Texas has entered into a Program Administrators agreement with Berkley Underwriting Partners, LLC, to provide Public Officials E&O, EPLI and Law Enforcement Liability coverage for Public Entities through Independent …

Texas Produce Association Group Earns $16K Dividend

Texas Mutual Insurance Company announced a $16,447 purchasing group dividend for the Texas Produce Association (TPA) purchasing group. The TPA group dividend is separate from the approximately $50 million in individual dividends that Texas Mutual Insurance Company paid to qualifying …

Former Okla. Firefighter Sentenced for Embezzling Insurance Fund

A former Bartlesville, Okla., firefighter received a five-year prison term for embezzling $166,653 from the firefighters union insurance fund to use to pay for gambling, the Associated Press reported. Washington County prosecutors had charged Lloyd Douglas Lay, 39, with embezzlement …

Navigators to Acquire D&O, EPL Portfolio from Genesis

Navigators Management Company Inc., a subsidiary of The Navigators Group Inc. has signed a definitive agreement to acquire the renewal rights to the directors’ and officers’ liability and employment practices liability policy portfolio of Genesis Professional Liability Managers Inc. The …

Holland Seeks Four Years as Okla.’s Insurance Chief

Kim Holland, appointed by Oklahoma Gov. Brad Henry as state insurance commissioner a year ago, formally announced Feb. 23 that she will run for a full four-year term. Her announcement came two days after her predecessor, Carroll Fisher, was sentenced …

Kinnett Joins Scientigo Board

Integro Ltd. of New York announced that Frank Kinnett, managing principal of its Atlanta office, has been appointed to Scientigo Inc.’s newly formed Corporate Advisory Board. Scientigo, an enterprise search and intelligent enterprise content management firm, created the Corporate Advisory …