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

Tokio Marine to Acquire Majority Stake in Asia General

Tokio Marine & Nichido Fire Insurance Co., Ltd., subsidiaries of Japan’s largest insurer (by net premiums written), Millea Holdings, Inc., announced that they have reached an agreement with shareholders holding more than 50 percent to acquire their shareholdings in Asia …

N.Y. Hospitals, Physicians Get New Medical Liability Insurer

Hospitals and physicians in New York now have a new option for obtaining professional liability coverage and physician excess professional liability coverage, through the establishment of the Healthcare Professionals Insurance Company. Capitalized with $20 million, the company was recently licensed …

Insurance Industry Charitable Foundation Hosts Networking and Educational Program/Benefit

The Insurance Industry Charitable Foundation based in Walnut Creek, Calif., will present a networking and educational program on Thursday, May 11 at the Richard Nixon Library in Yorba Linda, Calif., with the proceeds benefitting the Insuring the Children program. Reception …

Crawford & Co. Recognized by Insurance Education Association

Crawford & Co.’s Fresno, Calif., Integrated Services branch has been awarded the Roger Smith Award for Excellence in Education from the Insurance Education Association (IEA). The award will be presented at the San Francisco National Association of Insurance Women (NAIW) …

General Star Offers Security Guard and Security Providers Liability Program

General Star Management Co. has developed a security guard and security providers liability program. The program provides Commercial general liability coverage (including products and completed operations) and professional liability coverage (including personal and advertising liability) under a single policy. Assault …

Pinnacol Distributing $57 Million in General Dividends to Colorado Businesses

Pinnacol Assurance, Colorado’s largest workers’ compensation insurer, will deliver a general dividend to its policyholders for the second year in a row. In mid-May, eligible Colorado businesses should receive dividend checks totaling $57 million. The company said including that latest …

Mercury General Corp. to Report First Quarter Results on May 8, 2006

Los Angeles-based Mercury General Corp. reported that on May 8, it will release results for its first quarter ended March 31, 2006. The CEO George Joseph and President, Gabriel Tirador, will host an investor conference call and webcast that day …

R.I.’s Glover-Padula Agency Names President

Rick Padula has been appointed president and chief operating officer of the Glover-Padula Insurance Agency in East Greenwich, R.I., which is one of Gencorp Insurance Group’s business units. Robert Padula will remain as chairman and chief executive officer of Glover-Padula …

Conn. Cracks Down on Temporary Plates, Inspections for Large Trucks

Connecticut Governor M. Jodi Rell has accepted the Department of Motor Vehicles’ recommendations to stop the prolonged use of temporary commercial plates on large trucks that have not had safety inspections. “This is another step the Department of Motor Vehicles …

Injuries from Lawn Mowing Increase

Mowing the lawn can be a weekly ritual of the spring and summer months for many Americans. However each year, nearly 80,000 Americans require hospital treatment from injuries caused by lawn mowers, according to a study conducted by researchers at …