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

AIG Global Energy New Appointments

AIG Global Energy, a division of the property and casualty insurance subsidiaries of American International Group, Inc., announced that it has named Thomas Morelli President of the AIG Global Energy Casualty division and David Hawksby President of the AIG Global …

N.Y. Insurance Chief Mills Told to Halt Political Fundraising

New York Gov. George Pataki said his $127,000-a-year state insurance superintendent, Howard Mills, who lost the 2004 U.S. Senate race, has been called on the carpet for continuing his personal political fundraising even while on the state payroll. “We don’t …

Schwab Paid $2.68M to Protect CEO

Charles R. Schwab, chairman and chief executive officer of brokerage firm The Charles Schwab Corp, is protected by the company — literally. The San Francisco-based company has spent $2.68 million since 2003 for security systems and equipment to protect Schwab, …

Maine Jury Awards Former CEO $7.5M for Bank’s Malpractice

A Portland, Maine jury this week awarded $7.4 million in damages to a former Fairchild Semiconductor executive who blamed the former Fleet Bank’s Private Client Group for causing the loss of his fortune once valued at $27 million in stock …

Study: Lower Speed Limit for Trucks Increases Accidents

A new transportation study by University of Arkansas researchers reveals that different speed limits for cars and large trucks on rural, interstate highways lead to greater speed variation and a higher number of vehicles passing each other, thus compromising safety. …

The Independent Insurance Agents and Brokers of Orange County’s Ed-Day

The Independent Insurance Agents and Brokers of Orange County first annual “Ed” Day is going to be held Wednesday, April 19, 2006 at the Tustin Banquet Center in Tustin, Calif. The cost is $35 for members and $45 for nonmembers …

Garamendi Issues Cease and Desist Order Against TSI Title & Escrow

Insurance Commissioner John Garamendi issued a Cease and Desist Order to TSI Title & Escrow, Inc., a Stateline, Nevada corporation that has conducted more than $860,000 in title insurance business in California without a proper license from the California Department …

ACE Risk Management Makes Exec Appointments

ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, has appointed two executive appointments in ACE Risk Management: Karen Sawyer has been named Senior Vice President, National Customer Retention Manager, responsible for strengthening customer and broker …

Insurer Group Says Good Defense Played in 2006 S.D. Legislative Session

The Property Casualty Insurers Association of America said that the South Dakota Legislature wrapped up its regular session yesterday following a final day primarily devoted to the consideration of executive vetoes. “It was a good and relatively quiet session for …

Texas Governor Issues Order on Hurricane Evacuation Procedures

Texas Gov. Rick Perry issued an executive order that implements most of the recommendations of the Task Force on Evacuation Transportation and Logistics. “Our goal is to learn from the lessons that Hurricane Rita taught us and make Texans safer …