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

Transatlantic Re Elects New Officers

The Board of Directors of Transatlantic Reinsurance Company, a subsidiary of Transatlantic Holdings, Inc. announced the election of new officers at a regularly scheduled Board meeting. The bulletin gave the following details of the appointments: Chicago: Timothy O’Connor – Vice …

Antarctic Troposphere Warming up 3x Faster than Global Average

A report from the British Arctic Survey (BAS) has noted that the troposphere – the lowest level of the atmosphere – over the Antarctic is heating up faster than the average warming over the rest of the planet. A BAS …

57 Confirmed Dead as Excursion Boat Sinks off Bahrain

At least 57 people died when a ship on a pleasure cruise suddenly capsized off of Bahrain last night, March 30. Although the ship, an Arab dhow carrying some 150 passengers and crew, went down in calm waters near the …

Safeco Offers Monoline Workers Compensation Program

Safeco, based in Seattle, is offering its workers compensation product on a stand-alone — or monoline — basis in 25 states. The move is designed to give small businesses more flexibility in acquiring coverage through their independent insurance agent. Safeco …

Insurance Skills Center Hosts Two Contractors Conferences

The Insurance Skills Center will be hosting a Contractors Conference in Fresno, Calif., and in Las Vegas to provide specialized contractors information on how to: size up the construction market; build a construction book; match up the right companies with …

Institute’s Revamp of Crash Tests Puts Manufacturers in Driver’s Seat

The Insurance Institute for Highway Safety says that frontal offset crash tests it has conducted since 1995 have prompted huge improvements in how vehicles protect people in frontal crashes. Now that consumer information program is undergoing a major change. The …

Analyst Sees Low Damage Award If Merck Loses Vioxx Case

If the plaintiffs in the Vioxx case currently being tried in New Jersey win, the damage awards against Merck & Co. are likely to be modest and not affect the drugmaker’s ability to manage the financial fallout from the thousands …

U.S. Chamber Pegs Best, Worst States for ‘Legal Fairness’

West Virginia, Louisiana, Illinois, California, and Texas were among the worst states for legal fairness, while Mississippi is improving after enacting legal reforms, according to a new ranking of the best and worst state legal systems released by the U.S. …

American Hobbyist Expands Staff with Tim, Maurer; Relocates to Pa.

American Hobbyist Insurance, a national provider of collector-vehicle coverage, recently appointed Karen Tim as its new agency manager. Tim serves in American Hobbyist’s new headquarters in Jenkintown, Pa. Formerly located in Stuart, Fla., the agency relocated to larger quarters in …

Agents Briefed About Florida Legislation, Met With Legislators

More than 120 of Florida’s independent agents attending the March 29 and 30 Florida Independent Insurance Agents Legislative “Fly-In” heard Skip Long, Scott Johnson, Laura Pearce and Kyle Ulrich outline the pros and cons of legislation being considered in the …