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

WSS’ Dallas Branch Promotes Mendez

Kyle Stevens, vice president and branch manager of WSS’ Texas office, announced that Holly Swain Mendez has been promoted to the position of broker. Mendez, reporting directly to Stevens, will be responsible for new business development, writing brokerage accounts and …

R&SA’s U.S. Operations Ratings Cut To ‘BB’; Outlook Negative

Standard & Poor’s Ratings Services has lowered its counterparty credit and insurer financial strength ratings on Royal & Sun Alliance Insurance Group PLC’s U.S. insurance operations to ‘BB’ from ‘BB+’. The outlook remains negative. At the same time, the ratings …

Hallmark Financial Services Promotes Morrison and Kasitz

Fort Worth, Texas-based Hallmark Financial Services Inc. reported it has promoted Mark J. Morrison to the position of president, effective April 1, 2006. Mark E. Schwarz, chairman and chief executive officer of Hallmark, previously held the additional title of president. …

Abram Interstate Unveils Special Event Program in California, Arizona

Abram Interstate Insurance Services Inc. in Rocklin, Calif., is offering a new program providing coverage for various special events in Arizona and California. The program covers short-term events of one week or less, but can go up to 30 days. …

Report Ranks Most and Least Expensive Automobiles to Insure

Darien, Ill.-based Insure.com has released its second-annual report naming the Top 10 Least Expensive Autos to Insure for 2006, along with its companion report, The Top 10 Most Expensive Autos To Insure. The top 10 least expensive vehicles for 2006, …

La. Commissioner Working to Generate Cat Bond Funding for State

The Louisiana Department of Insurance reported that Commissioner of Insurance Jim Donelon was invited to meet with the nation’s largest bond insurers and bond rating agencies in New York recently in a continued effort to help with Louisiana’s recovery efforts …

Kan. Governor Vetos Workers’ Compensation Bill

Kansas Gov. Kathleen Sebelius vetoed a workers’ compensation bill, SB 461, this week that would have lowered compensation settlements for workers injured on the job. The bill would have allowed a physician to determine whether a disability caused by an …

N.D. Commissioner Says Hailstorm Claims Top $105 Million

Claims from a July 21 hailstorm in south central and southwestern North Dakota total more than $105 million, Insurance Commissioner Jim Poolman says. “Year-end totals show that we were nearly $106 million in claims in total damage, with a total …

Former ’49er Wersching Indicted on $8M Insurance Fraud and Tax Evasion

Ray Wersching, once the kicker with the San Francisco 49ers of the National Football League, and a former Farmers Insurance agent, has been charged with insurance fraud, tax evasion, and the hiring of a convicted felon to handle the insurance …

New Mexico Superintendent Serna To Resign from Nonprofit Board

Eric Serna, under fire for his dual roles as New Mexico’s insurance superintendent and president of the board of a nonprofit health foundation, said he has decided to resign from the board. Earlier on Tuesday, Public Regulation Commissioner David King …