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

Foster Joins Dean & Draper

Houston, Texas-based Dean & Draper Insurance Agency LP announced that Deborah Foster Ware, the founder and owner of Deborah S. Foster & Associates, has joined the team at Dean & Draper. Foster brings with her over 38 years experience in …

Genworth Financial Focusing on Hispanics in South Texas

Genworth Financial Inc. announced it is launching a comprehensive campaign for the Hispanic communities in Corpus Christi and Rio Grande Valley designed to increase awareness about the importance of having a financial ‘”safety net” – life insurance – as part …

GEICO Seeking New Associates in Dallas Area

GEICO (Government Employees Insurance Company) announced plans to add more than 100 new associates to serve its growing number of policyholders in Texas. Currently employing more than 1,000 associates, GEICO’s Dallas management team will be hiring associates for positions in …

Health Insurance Plan for Small Business Passed in Okla.

A bill to expand a program that provides subsidies to cover much of the health insurance costs of employees of small businesses won approval Mar. 2 in the Oklahoma Senate. In other action, senators passed a bill to cut estate …

UNEP Enacts Kyoto Compliance Rules

THIS ARTICLE HAS BEEN CORRECTED. PLEASE GO TO THE IJ WEBSITE – MARCH 7, 2006. The United Nations Environment Program (UNEP) has formally launched a compliance system for the Kyoto Protocol, the international treaty to reduce greenhouse gas emissions. The …

FSA Shuts Down 6 Insurance Firms

The U.K.’s Financial Services Authority (FSA), which regulates all of the country’s financial service providers, including the insurance industry, announced that it has ordered the closure of nine firms, including six in the insurance industry. The FSA said it barred …

SCOR Premium Income up 25%

France’s SCOR Group noted a 25 percent rise in worldwide premium income follwing the January renewal season. Non- life and credit & surety treaties totaled €1.041 billion ($1.256 billion). The reinsurer said it “is benefiting from recent developments in the …

S&P Releases Lloyd’s Market Study

Standard & Poor’s Ratings Services announced that it has reviewed its Lloyd’s Syndicate Assessments (LSA’s). S&P rates Lloyd’s “A” with a stable outlook. The individual assessments of the syndicates follows the rating agency’s “review of syndicate information and confirmation of …

Berkshire’s Buffett Still High on Insurance Despite Cat Risk

Warren E. Buffett, the billionaire chairman of giant Berkshire Hathaway, praises the performance of his primary insurance units, particularly Geico, in his annual letter to shareholders and acknowledges that concern over hurricanes has prompted his insurance subsidiaries to raise prices …

FBI Reports Anti-Fraud Efforts to NAIC Task Force

The Federal Bureau of Investigation has been accumulating insurance fraud information since Hurricane Katrina and has filed charges in five cases, R. Allyson Delaney, an FBI analyst in Clarksburg, W.Va. told the National Association of Insurance Commissioners during its March …