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

Everest Re to Release Q1 Earnings April 24

The Bermuda-based Everest Re Group, Ltd. announced that it will release its First Quarter 2006 earnings after the close of trading on the NYSE on April 24, 2006. A conference call discussing the results will be held at 8:30 a.m. …

W.R. Berkley to Announce Q1 Earnings on April 24

W. R. Berkley Corporation announced that it will release its first quarter 2006 earnings after 5:00 p.m. ET on Monday, April 24, 2006. A copy of the earnings release will be available on the company’s website at www.wrberkley.com. The company …

N.Y. Agents Take E&O Concerns Over Contractor Certificates to Officials

New York insurance agents face potential errors and omissions claims if they follow a New York City requirement on certificates of insurance for road contractors, an agents group has warned. The New York City Department of Transportation requires contractors applying …

Stinson to Direct Government Relations for Physician Insurers Association

The Physician Insurers Association of America has promoted Michael C. Stinson to be its new director of government relations. Stinson has served as the government relations representative for the PIAA for three years, and succeeds Bruce Wilson as head of …

Insurer Targets Market for Off-Road Recreational Vehicles for Retirees

No more rocking chairs and shuffleboard. Today, more retired Americans are apparently heading off-road for recreation and adventure. To better serve this active and growing population, The Hartford Financial Services Group, Inc. has introduced new insurance coverage designed specifically for …

Geico Sells 7 Millionth Auto Policy

On the evening of March 13, 2006, Geico sales representative Stephanie Hall, of Buffalo, N.Y. made history by selling the company’s seven millionth policy. Hall, who has been with the company since December 2004, helped GEICO reach this new milestone …

Calif. Approves Tax-Exempt Status for Private School Self-Insurer

The California Private Schools Workers’ Compensation Self-Insurance Group, Inc., a self-insurance group for private schools, has been granted tax-exempt status by the California Franchise Tax Board. Rather than paying taxes on net income, the group will retain its earnings, which …

Willis’ Sees ‘Tumultuous Times’ for Natural Catastrophe Market

A bulletin from global broker Willis Group Holdings in the April 2006 online edition of “Marketplace Realities and Risk Management Solutions” describes events in the natural catastrophe (Nat Cat) segment of the property marketplace as “nothing less than tumultuous.” Directly …

ACE USA Introduces New Foreign Clinical Trial Coverage

ACE USA, the U.S.-based retail operating division of Bermuda’s ACE Group of Companies, announced the introduction of “Foreign Clinical Trial Coverage,” to be available to U.S.-based life science companies conducting clinical trials overseas. It’s being offered by ACE Medical Risk, …

Tenn. Judge Dismisses Move to Revoke Sen. Ford’s Insurance License

Efforts in Memphis, Tenn. by the state Department of Commerce and Insurance to revoke former state Sen. John Ford’s insurance license were shot down by a judge on Wednesday. The department said when Ford spent campaign money on his daughter’s …