Independent Insurance Wholesalers Moves Portland Office
Independent Insurance Wholesalers Inc. has relocated its Portland, Ore., office. The new office is at: 121 S.W. Morrison, Ste. 325, Portland, OR 97204. Phone: 503-224-1956.
California Earthquake Insurance Rates Decreasing
California earthquake insurance policies issued by the California Earthquake Authority will see rate decreases by an average of 22.1 percent, said Nancy Kinkaid, CEA spokeswoman. Approximately 85 percent of CEA policyholders will see their rates reduced beginning July 1, 2006, …
Integro Hires Rolfe to Lead Aviation Practice in N.Y. Office
Terry Rolfe has been appointed a principal and has been named to head up insurance broker Integro’s New York Aviation Practice. Rolfe joins Integro from Marsh, Inc., where she served as a senior vice president and head of General Aviation …
States promise quicker insurance product, filing approval under new system with Interstate Compact
State regulators have reached a milestone in their efforts to streamline product regulation, with a centralized approval system for certain life and financial products on the verge of becoming reality. After three years of lobbying, 27 states have signed onto …
Study: Tort reforms reduce medical malpractice premiums
Tort reforms are the best proven instrument for reducing medical liability insurance premium growth, according to a new study conducted by Stanford University Professor Daniel P. Kessler, who also serves as a research associate for the National Bureau of Economic …
People Scott A. Adamsons joined InsurBanc as vice president of sales and business development. The Farmington, Conn.-based company also hired Marie R. Rider to be vice president and director of marketing. Adamsons will direct the sales and business development efforts, …
Computers help Colorado firefighters spot problem homes
The next time a wildfire closes in on a Denver mountain home, there’s no guarantee a crew of firefighters will line up to defend it. A system of mapping and computer software, developed since the disastrous 2002 fire season, is …
Things that should keep you awake at night
The integration of the U.S. insurance market and global financial market will have a profound impact on business, according to Dave Zwiener, president and chief operating officer of Property and Casualty Operations for The Hartford. Evaluating the industry, Zwiener shared …
Del. Supreme Court upholds decision in Disney shareholder lawsuit
The Delaware Supreme Court upheld a lower court ruling that directors of the Walt Disney Co. did not violate their fiduciary duties in the hiring and firing of former Hollywood superagent Michael Ovitz. In affirming a 174-page ruling last year …
Business Moves
Praetorian, Alea North America Specialty insurer Praetorian Financial Group agreed to acquire Alea North America Specialty Insurance Co., an affiliate of Alea Group Holdings Ltd. of Hamilton, Bermuda. The sale is subject to regulatory approval and other customary conditions. Alea …
