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

Lincoln General, First Capital Create New Contractors Construction Program

Lincoln General Insurance Company has teamed up with First Capital Group’s Midwest Contractors Construction Program. The program is available in Illinois, Indiana, Wisconsin, Michigan, Iowa Oklahoma, Missouri, Kansas, Minnesota, Arkansas and Nebraska. First Capital Group’s Illinois Construction Division serves as …

U.S. Regulators Promote Information Exchange with Russians

The nation’s insurance regulators have moved to strengthen cooperation with their counterparts in Russia by signing a memorandum calling for improved information exchange. During its spring meeitng in Orlando, Fla., the National Association of Insurance Commissioners President Alessandro Iuppa formally …

R.I.’s Beacon Mutual Touts $27.5M Profit as It Nears Initial Rating

The Beacon Mutual Insurance Company in Rhode Island announced that it realized $27.5 million in net income for calendar year 2005, a figure that exceeded management’s expectations. Management credited its ability to use its own state-specific data in its rates …

Bollinger Acquires 3 N.J. Agencies

Bollinger, Inc.,cited as the nation’s seventh largest privately held insurance broker, has acquired three insurance agencies in Salem and Cumberland Counties, New Jersey. The agencies, which have common ownership, are The Hitchner Agency, Elmer, N.J.; Tri County Insurors, Pennsville, N.J.; …

Michael Feldman Insurance Announces 2 New Programs for E & O Insurance

Beverly Hills, CA – Michael Feldman Insurance Services, Inc. P.O. Box 17156 Beverly Hills, CA 90209 Phone (323) 939-3200 Fax (323) 939-4042 License # OD80807 SPECIALIZING IN INSURANCE BROKERS E & O INSURANCE 2 New Programs for E & O …

Ark. Agent Awarded More Than $2.5M in Aon Risk Services Case

A Pulaski County Circuit Court jury awarded a Little Rock, Ark., insurance agent more than $2.55 million dollars in alleged unpaid salary and commissions in a case involving Aon Risk Services of Arkansas Inc. and Aon Risk Services of Illinois …

Colo. Supreme Court Decides Negligent Hiring Case

The National Association of Mutual Insurance Companies (NAMIC) has joined other industry members in an amicus brief to Colorado’s Supreme Court arguing that an employer is not liable under the tort of negligent hiring for injuries plaintiffs sustain in an …

Wis. Legislature Moves Forward with Bill to Cap Med-Mal Awards

The latest legislative attempt to correct last year’s Wisconsin Supreme Court rule invalidating non-economic damage caps and making other impacts on the state’s medical malpractice law, (AB 1071, 1072, 1073, and 1074), all passed the Assembly, the American Insurance Association …

Former San Diego Broker Sentenced in Premium Theft Scam

California Insurance Commissioner John Garamendi on Friday reported the sentencing of former San Diego insurance broker Roberto Molina Jr., 55, to 180 days in jail and three years of probation stemming from an investigation by the California Department of Insurance …

Best Downgrades FSR for Atlantic Mutual Companies

A.M. Best Co. has downgraded the debt rating to “ccc” from “b+” of the $100 million 6.05% 30-year surplus notes issued by Atlantic Mutual Insurance Company (New York, N.Y.). A.M. Best has also downgraded the financial strength ratings (FSR) to …