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

ASI to Offer Non-Construction Liability, Expand Excess Products

American Safety Insurance Services, Inc. says it will enter the general liability market for non-construction risks and expand its capability to offer excess and umbrella liability coverage. The target market for the non-construction coverage will be primary general liability for …

Broker Security Breach Puts N.Y. Workers’ Comp Clients at ID Risk

The names, addresses and Social Security numbers of as many as 540,000 injured workers have been lost, and the state and a contracted company are trying to protect the workers from identity theft. In New York, company and state officials …

St. Paul Adding 600 Jobs in Conn.

St. Paul Travelers has announced plans to add about 600 jobs in Connecticut as it expands its operations. The property-casualty insurance company already has about 6,300 Connecticut employees, most of them in downtown Hartford. Company spokeswoman Marlene Ibsen said the …

Infinity Property and Casualty Declares Quarterly Dividend

Infinity Property and Casualty Corp. of Birmingham, Ala. has declared a quarterly dividend of $0.075 per share of Infinity Property and Casualty Common Stock. The dividend is payable on Aug. 21, 2006 to holders of record on Aug. 8, 2006. …

The Phoenix Group Adds Staff

Jim Westergaard, of North Fond du Lac, Wis., recently joined the The Phoenix Group as a commercial account representative. An independent insurance agency with offices in Ripon, Clintonville, Fond du Lac, Oconto Falls and Wautoma, The Phoenix Group specializes in …

ACE 2d Quarter Shows 6% Premium Growth; Better Combined Ratio

ACE Limited has reported net income for the second quarter ended June 30, 2006 of $573 million or $1.72 per common share after payment of preferred dividends, compared with net income of $467 million or $1.58 per share for the …

Selective: Solid Premium Growth, Account Retention in 2d Quarter

Selective Insurance Group, Inc.has reported its financial results for the second quarter ended June 30, 2006. Compared to the second quarter of 2005, the company said: Net income increased 31%, to $42 million, or $1.36 per diluted share, reflecting after-tax …

Gov. Rell Seeks Federal Aid for Crop Losses by Conn. Farmers

Connecticut Governor M. Jodi Rell is asking U.S. Agriculture Secretary Mike Johanns to approve federal disaster aid for Connecticut farmers who suffered severe crop losses from the heavy rains and cool temperatures this spring and early summer. “Farmers throughout the …

Businessmen Pay Restitution to N.Y. Workers Comp Fund

Two Suffolk County, N.Y. business people who pleaded guilty in cases involving workers’ compensation fraud have paid The New York State Insurance Fund a total of more than $7,800 in restitution. Robert Ristenpadt, 34, of 87 Hudson Avenue, Lake Grove, …

Online Marine General Liability, Maritime Employers Liability

A new online marine general liability and maritime employers liability rating program has been announced by LIG Marine Managers in St. Petersburg, Fla. The “Thunderstorm” program is designed to provide 24/7 instant service and quotes for a wide variety of …