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

Iowa Insurance Hall of Fame to Host 2006 Induction Ceremony, May 18

The Iowa Insurance Hall of Fame will hold a dinner and ceremony as it inducts 2006 leaders of companies and movers and shakers in the insurance world into its Hall of Fame. Induction ceremonies will take place on Thursday, May …

Drivers with Suspended Licenses an ‘Epidemic,’ Claims N.H. Official

Drivers who lose their licenses aren’t letting that keep them off the roads. New Hampshire’s Assistant Safety Commissioner Earl Sweeney said the problem is at epidemic levels nationwide. “The problem for law enforcement is how to catch them. Unless they …

Conn. Health Management Firm Repays Alleged Rebates; No Fines

An Avon, Conn. obstetrician and gynecologist management company subpoenaed last June for allegedly accepting illegal insurance rebates will repay $198,000 to its clients to settle the case, according to state Attorney General Richard Blumenthal. The group, however, insists that its …

Fla. HB 7225 Advancing: Boosts CAT Funding; Provides No-Interest Loans

A rapid cash buildup of 25 percent for the Florida Hurricane Catastrophe Fund and the establishment of a hurricane mitigation endowment fund to allow homeowners to obtain no-interest loans to implement hurricane mitigation measures for their homes are two features …

Republic Companies Group Hires Vaccaro VP of Information Services

Dallas-based Republic Companies Group, Inc. recently hired Frank Vaccaro as the organization’s vice president of Information Services. Vaccaro most recently served as assistant vice president — Business Segment Partner of the financial departments of CNA Insurance in Chicago, Ill. At …

St. Paul Travelers Launches Coverage for Foreign Exposures

Minnesota-based St. Paul Travelers has announced it has expanded its ability to provide worldwide commercial property coverage for companies with international operations. A new initiative between St. Paul Travelers’ National Property and Global Accounts units enhances domestic and international property …

S.D. Tribal School Waits for Insurance Settlement from St. Paul Travelers

The South Dakota Crow Creek Tribal School is in danger of closing because an insurance company has not settled the school’s claims from a fire that destroyed the student dormitory at the campus in Stephan a year ago, officials said …

Republic Launches HO- 3 Homeowners Product in Texas

The Republic Group, based in Dallas, has introduced a new Homeowners Form 3 product for Texas homeowners. “We are pleased to announce the introduction of our HO-3 product”, stated Parker Rush, Republic’s president and CEO, in the company’s release. “Many …

Diocese Settles Claims With More Insurance Companies

The Roman Catholic Diocese of Spokane has reached settlements totaling $4.25 million with two of its insurance carriers in a dispute over coverage of sex-abuse claims, Bishop William Skylstad says. It is the second time in less than a month …

Bigfork Man Faces Federal Fraud, Money Laundering Charges

Former Bigfork businessman Myron “Mike” Felt faces federal charges of fraud and money laundering for allegedly defrauding insurance companies through his company, Crop Hail Management Inc. Prosecutors say between June 2001 and April 2003, Felt, 77, devised a scheme to …