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

National Atlantic Appoints Golding to Board of Directors

National Atlantic Holdings Corporation, a provider of specialized property-casualty insurance products and related insurance services based in Freehold, N.J., has appointed Cornelius E. Golding, 58, to its Board of Directors. Golding is a certified public accountant and has more than …

Britt Paulk Expands with Marine Cargo Coverage Through Beazley USA

Carrollton, Ga.-based Britt Paulk Insurance Agency Inc. has teamed up with Beazley USA, an admitted “A-” rated company, to provide Ocean Marine Cargo coverage focused on writing risk for small and mid-sized U.S. importers. Britt Paulk began marketing Marine Cargo …

Marsh Names Speros to Head Marketing; Perlmutter to Retire

Marsh & McLennan Companies Inc. has announced that after a 27-year career at MMC, Barbara S. Perlmutter, senior vice president of Public Affairs, has decided to retire at the end of April. Assuming her responsibilities will be James D. Speros, …

Former Neb. Producer Sentenced for Two Counts of Theft, Fraud

The Nebraska Department of Insurance released a statement saying that former insurance producer Daniel D. Volnek was sentenced by District Court Judge, Jeffre Cheuvront, to not less than four years, nor more than eight years, to the Nebraska Department of …

Insurance Director Says Malpractice Order Will Help Keep Doctors in Ill.

Illinois’ first attempt at lowering malpractice insurance rates for thousands of doctors is drawing criticism from key players, but its chief architect promises it will provide much-needed relief. Michael McRaith, director of the state’s Division of Insurance, said doctors will …

Brown Joins PWIB Texas as VP

Braden Brown has joined Dallas-based PWIB Texas as vice president. Brown formerly was associated with other leading insurance wholesalers in the Dallas area and has experience with a retail insurance organization in Houston. PWIB Texas is part of Insurance Specialty …

Okla. House Considers Increase in Firefighter Funds

Leaders in the Oklahoma House of Representatives on March 22 introduced a plan to increase support for rural firefighters and restore the resources and capabilities of departments. The state Senate on the same day proposed its own rural fire protection …

Fla. Aggressively Pursues Fraud, Lowers Workers’ Comp Costs

Aggressive pursuit of workers’ compensation fraud and the arrests of more than 150 individuals on charges of workers’ comp fraud is resulting in lower costs to Florida’s small businesses, according to Tom Gallagher, Florida’s chief financial officer. The Department of …

Citizens Deficit Estimated at $1.7B

The House Insurance Committee has received news that the anticipated deficit for Citizens Property Insurance Corporation, the state’s insurer of last resort, is estimated to be $1.7 billion. Tom Gallagher, Florida’s chief financial officer, released the following statement on the …

Best Affirms Steamship Mutual Underwriting (U.K.) ‘A-‘ Ratings

A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) and assigned an issuer credit rating of “a-” to the U.K.-based Steamship Mutual Underwriting Association Limited (Steamship London or the Club) with a stable outlook. …