The Risky Future Summit starts today! Register now.

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

Markel, American Camp Association Partner to Study Camp Safety

The American Camp Association, in conjunction with Markel Insurance Company, will conduct a comprehensive study on illnesses and injuries at camp. The Healthy Camp study will gather illness and injury data from camps across the U.S. over the next five …

N.Y. to Hear Proposal for 7.5% Workers Comp Hike

The New York State Insurance Department has scheduled a public hearing to consider the application of the New York Compensation Insurance Rating Board (NYCIRB) for a workers’ compensation insurance increase of 7.5 percent. The heraing will be held on Wednesday, …

Scottsdale Insurance Names Griffith Information Technology Vice President

Scottsdale Insurance Co., an excess and surplus insurer based in Scottsdale, Ariz., has promoted Joseph “Joe” Griffith to vice president and chief information officer. Griffith will be responsible for leading the information technology team in support of Scottsdale’s strategic objectives …

Majestic Insurance Rating Moves from Stable to Positive

A.M. Best Co. has improved its outlook for Majestic Insurance Co. from stable to positive. According to AM Best, the rating reflects Majestic’s profitable operating results during the last five-year period, improving capitalization and the company’s expertise within its specialty …

BNC Insurance Services Acquires T.M. Richards & Associates

Phoenix-based BNC Insurance Services Inc., a subsidiary of BNC National Bank and its parent company, BNCCORP Inc. has acquired the assets of T.M. Richards & Associates. The total consideration paid in the acquisition was valued at approximately $2 million, of …

Suspect Pleads Guilty in Maryland Housing Development Arson Case

One of the men accused of setting a series of fires at an upscale housing development under construction in the Washington suburbs two years ago has pleaded guilty to conspiracy to commit arson. Michael McIntosh Everhart, 21, of Waldorf, will …

CAA Elects New Management Committee

At its annual meeting May 24-25, Combined Agents of America LLC (CAA), based in Austin, Texas, announced its newly elected 2006 management committee, including CAA’s new president, Bill Bridges, executive vice president for Duncan, Fraser & Bridges Insurance Agency Inc., …

La. Commissioner Seeks to Extend Time to Sue Over Katrina/Rita Claims

Louisiana Commissioner of Insurance Jim Donelon has issued Advisory Letter 06-04 to the approximate 100 companies with homeowners insurance policies in Louisiana, requesting their cooperation in extending from one to two years the prescriptive period for policyholders with Hurricane Katrina …

Competition Predicted for Insurance Business in Northern La.

Most homeowners in northern Louisiana won’t see their insurance rates increase and many will even see rate reductions, according to insurance industry experts. Though all Louisiana homeowners will be charged a 15 percent assessment on their bills this year to …

CompPAC Trust of Texas Expands Work Comp Eligibility to Artisan Contractors

The CompPAC Trust of Texas, a workers’ compensation self-insurance group administered by First Cardinal of Texas Ltd., reported it has received approval from the Texas Department of Insurance to expand its list of eligible classes to include artisan contractors. The …