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

AgentSecure Launches New Retail Commission Plan

Fort Worth, Texas-based AgentSecure, an online wholesaler for Commercial and Personal Lines products, rolled out a new retail commission plan, an incentive aimed at growing the revenue of its members and increasing the market share for its product base. The …

Argonaut Group Adds Ingram as Chief Information Officer

Argonaut Group Inc., a San Antonio, Texas-based national underwriter of specialty insurance products in niche areas of the property and casualty market, announced that Robert C. Ingram III has joined the organization as senior vice president and chief information officer. …

Selective Insurance Group in N.J. Makes Executive Appointments

Selective Insurance Group, Inc., in Branchville, N.J., announced the following executive appointments: Diederik Olijslager (Lafayette, N.J.), to vice president, Selective Insurance Group, and senior vice president, head of fixed income, Selective Insurance Company of America. Olijslager joined Selective in November …

Former S.D. Insurance Agent Sentenced to 21 Years for Theft

A former insurance agent was sentenced Friday to 21 years in prison for stealing hundreds of thousands of dollars from older South Dakotans while acting as their agent. Ryan Wingler, 34, had pleaded guilty earlier to six of 13 counts …

UPDATE: Insurers Tally Storm Damage to Auto, Property in Midwest

Insurance companies in the Midwest are beginning to tally claims connected to hundreds of tornadoes and severe storms that hit a five state region in the Midwest late Saturday and early Sunday. Illinois, Indiana, Missouri, Kansas and Arkansas were all …

Calif. Court Reinstates Class Action Against Lead Paint Makers

A state appeals court in San Jose, Calif. has reinstated a class-action lawsuit alleging that several paint manufacturers knowingly sold harmful lead-based paint products for decades. The Sixth District Court of Appeal on March 10 reversed a Santa Clara County …

Dozens of Firetrucks to be Sold at Pennsylvania Auction

Dozens of firetrucks collected over more than three decades by a local businessman will be auctioned this week in Denbo, Pa., a sale that has attracted national and international interest. “This will be the granddaddy of all auctions,” said Jim …

Retired Maine Business Executive Alleges Financial Malpractice

A retired business executive’s lawsuit accusing bank officials of giving him bad financial advice that cost him millions of dollars went to trial in Portland, Maine this week. Darrell Mayeux, who filed the suit in 2003 against Fleet Bank, which …

Maryland Weighs Longer Filing Period for Child Abuse Lawsuits

Witnesses who had been sexually abused as children offered what Maryland House Speaker Michael Busch described as “gut wrenching” testimony in Annapolis on behalf of legislation that would extend the cutoff time for filing civil lawsuits against abusers. Two men, …

Omni Whittington Announces Final Closure of Lloyd’s Syndicate 1224

The U.K.’s Omni Whittington has confirmed that its managed Syndicate 1224 has been reinsured to close into Syndicate 1084 effective December 31, 2005. “Syndicate 1224 commenced trading in 1997 and ceased accepting new and renewal business in September 2000,” the …