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

Jobs and more on the line in R.I. as Beacon Mutual-Carcieri political saga enters critical period

Executives at Rhode Island’s largest workers compensation carrier, Beacon Mutual Insurance Co., figure they could be looking for new jobs as early as June if Governor Donald Carcieri gets his way. They expect that if they do not succeed in …

Safeco weighs Internet sales of auto insurance

Seattle-based property and casualty insurer Safeco is considering direct marketing its automobile insurance business over the Internet to reach additional consumers that don’t like to deal with a middle-man and purchase insurance through agents. According to Paul Hollie, Safeco spokesman, …

People and Places

Palisades Safety and Insurance Management Corporation, a New Jersey private passenger automobile insurer, announced that Ed Fernandez has assumed the role of president and CEO, effective immediately. Fernandez succeeds Gerry Wilson, who will continue to serve the company as co-chairman …

Contingent fees become focus in R.I. lead paint case

Former makers of lead paint went before the Rhode Island Supreme Court in Providence recently to prevent the state from honoring a contract with its private lawyers that is potentially worth tens of millions of dollars. A jury in February …

Close to home: 1906 revisited

April 18 marks the 100th anniversary of the great San Francisco earthquake of 1906, a catastrophe that affected thousands of lives, caused hundreds of millions of dollars in damage and generated aftershocks in insurance and engineering communities that continue to …

Study Says Wrong-Site Surgery Is Very Rare and Preventable

Wrong-site surgery — including surgery on the wrong organ or limb, at the wrong site on the spine, or on the wrong person — is extremely rare and major injury from it even rarer, according to a study supported by …

Western National Insurance Group Releases 1st Quarter 2006 Results

Minneapolis-based Western National Insurance Group today released its financial results through March 31, 2006. Total assets increased $12.4 million from 12/31/05, and now total $402.7 million. Net written premium increased $1 million, or 2 percent from the same time last …

La. Rating Commission Meets April 18

The regular monthly meeting of the Louisiana Insurance Rating Commission will be held on Tuesday, April 18, 2006 at 1:30 p.m. The meeting will take place in the Hearing Room, Plaza Floor, State Insurance Department, The Poydras Building, 1702 North …

Argonaut ‘s Great Central Expands into 15 More States

Great Central Insurance, a member of the Select Markets segment of San Antonio, Texas-based Argonaut Group Inc., reported it has introduced its Great Protector Select Series of coverage forms in 15 additional states. The Great Protector Select Series now is …

Ark. AG: Fla. Firm to Refund Prescription Assistance Fees to Seniors

Arkansas Attorney General Mike Beebe announced that his office reached an agreement with a Florida company that charged Arkansans, primarily seniors, upwards of $200 a year for prescription-drug assistance available elsewhere for free. Refunds are on the way for 51 …