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

Conn. Backs Insurance Cluster with $50K for Career Fair, Recruitment Effort

Connecticut Governor M. Jodi Rell announced that $50,000 is being released to the Department of Economic and Community Development’s Insurance and Financial Services (IFS) “cluster” to help underwrite a career fair, a resource directory and a new member recruitment effort. …

Midland Company to Webcast Live the Cincinnati InvesTristate June 20

The Midland Company announced today that the company plans to participate in the Cincinnati InvesTristate Conference to be held in Cincinnati, Ohio on June 20, 2006. The Midland Company management team is scheduled to present from 10:55 a.m. to 11:35 …

Whitemore Agency Employee Arrested in N.C. for Embezzlement

Tammy Cope of Old Fort, N.C. has been arrested in McDowell County on six charges of embezzlement according to Insurance Commissioner Jim Long. Department of Insurance investigators allege that Cope collected more than $10,000 in insurance premiums from 30 consumers …

Judge Upholds Plan to Smoothly Transition Poe Policyholders

Leon County Circuit Judge Janet Ferris has reaffirmed her approval of the Florida Department of Financial Services’ plan to protect and to smoothly transition nearly 330,000 policyholders with Atlantic Preferred, Southern Family and Florida Preferred insurance companies to Citizens Property …

Insurance Claims Paid in Mississippi Now Over $10 Billion

As of June 6 insurance companies have paid out more than $10 billion in hurricane-related claims for hurricanes Rita and Katrina in Mississippi, according to Commissioner of Insurance George Dale. The National Flood Insurance Program has now paid over $2.4 …

Abacus Introduces New Annual Events Program Online

Abacus Insurance Brokers, Inc., a Los Angeles-based retail and wholesale insurance brokerage that distributes traditional and specialty insurance products online through the Abacus Program Management Platform, has introduced a new annual events program. The program is available in all 50 …

Division of Occupational Safety and Health Standards Board Adopts New Heat Stress Regulations

The California Occupational Safety and Health Standards Board has adopted a permanent heat stress regulation, which protects all California employees working outdoors. The measure now goes to the Office of Administrative Law (OAL), which has 30 days to approve, upon …

Pride Industries Employee Arrested for Workers’ Compensation Fraud

A Sacramento man has turned himself in for insurance fraud. Darren Stanton was a long term employee of PRIDE Industries, an employer of people with disabilities, according to LWP Claims Solutions Inc. On March 28, 2005, Stanton suffered an accepted …

Employers Insurance Group’s Outlook Positive

Reno, Nev.-based Employers Insurance Group’s financial strength rating has been raised from “stable” to “positive,” and A- (Excellent) forthe group of workers’ compensation insurance companies, according to A.M. Best. “The rating for Employers Insurance Group reflects the group’s superior risk-adjusted …

Arthur J. Gallagher & Co. Acquires Lemac & Associates

Arthur J. Gallagher & Co. announced that its subsidiary, Risk Placement Services Inc., has acquired Lemac & Associates Inc., headquartered in Los Angeles. Terms of the transaction were not disclosed. Established in 1984, Lemac & Associates is a wholesale insurance …