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

Heffernan Group Adds Staff in San Francisco, Portland

Heffernan Group, a San Francisco-based brokerage, has appointed Blake Thibault as vice president in its San Francisco office and David Sandin as assistant vice president focusing on new business development for commercial insurance in its Portland, Ore., office. Thibault will …

Principal Financial Group Offers New Product, Employee Benefit Services

With an eye on the worksite and an understanding that one approach doesn’t fit all customers, the Principal Financial Group(R) has unveiled a new product, the Employee Financial Resource Program. According to the Des Moines, Iowa-based company, the program offers …

Washington Gains New Fraud Bureau

Washington State has approved the state’s first fraud bureau and added a fraud prosecutor. Gov. Christine Gregoire signed SB 6234 into law late Tuesday. The measure decisively passed the state House and Senate earlier this winter. Washington now joins the …

Astros’ Ins. Claim on Bagwell Denied

An insurance claim filed by the Houston Astros to recoup more than $15 million owed to injured first baseman Jeff Bagwell has been denied. The National League champions filed the claim in January to recoup about $15.6 million of the …

New Officers Elected for Texas Windstorm Association, FAIR Plan

The Texas Windstorm Insurance Association and Texas FAIR Plan Association have elected new officers for 2006. Elected were: chairman, James Elbert, owner of Elbert Insurance Agency in Lake Jackson, Texas; vice chairman, James Langford, vice president, Texas Farm Bureau Insurance …

Loftis Named Head of Governmental Affairs at IIAT

The Independent Insurance Agents of Texas announced that H. Lee Loftis has been named director of governmental affairs. Loftis will be responsible for representing the interests of the statewide association in both the legislative and regulatory arenas. “Lee brings a …

PCI Denounces Okla. Bill Promoted by Salvage Dealers

Property Casualty Insurers Association of America announced it took aim at a bill promoted by salvage dealers in Oklahoma that the association says would create an environment of collusion. House Bill 3085 by Bill Case (R- Midwest City) would allow …

Ind. State Trade, Economic Development Organization Work to Enact Legislation

A joint effort between the Indiana Economic Development Corporation (IEDC) and the Insurance Institute of Indiana has resulted in regulatory relief for commercial insurers in Indiana. Insurance companies providing commercial property and casualty coverage will be free from the burdensome …

The Hanover Launches Highly-Segmented Connections Auto in Conn.

The Hanover Insurance Group announced the Connecticut launch of Connections Auto, a state-of-the-art, multi-variate auto product with nearly limitless customer segmentation capabilities. Connections Auto is now available in 10 states: Connecticut, Florida, Illinois, Indiana, Louisiana, Maine, Michigan, New York, Tennessee …

AIG’s Lexington Planning on Repeat of 2004, Not 2005

Mindful of the increased hurricane activity and rising coastal values, Lexington Insurance Group, the largest U.S.-based surplus insurance company, said it is assuming this year will look more like 2004 than 2005 as it goes about deciding where and what …