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

Boston’s Big Dig tragedy expected to trigger new wave of litigation

When the family of Milena Del Valle, who was killed when part of the Big Dig tunnel ceiling crushed the car she was riding in, gets around to filing a wrongful death lawsuit, that suit is expected to trigger legal …

Maryland tends to alcohol training

Groups offering state-mandated alcohol-awareness training to bartenders and liquor-store workers would have to provide at least three hours of instruction and give a state-approved test under rules proposed by the Maryland Comptroller of the Treasury. The proposal would standardize requirements …

Flooding in Pennsylvania destroys 518 homes

The floodwaters that inundated parts of Pennsylvania last month destroyed at least 518 homes and affected another 7,100 homes and businesses, according to the Pennsylvania Emergency Management Agency. The preliminary damage figures are almost certain to grow as investigators continue …

People and Places

The Independent Insurance Agents & Brokers of America (Big ‘I’) has added Thomas C. Koonce as assistant vice president for federal government affairs in its Capitol Hill office. He joins two fellow assistant vice presidents, Brendan Reilly and John Prible, …

Much ado about little

Profit sharing is here to stay and compensation disclosure, if any, should be left up to agents and brokers to decide. Judging from comments at a recent Independent Insurance Agents and Brokers of New Hampshire meeting, the compensation issue has …

Brown & Brown Announces Record Q2 Results

Brown & Brown Inc. headquartered in Daytona Beach and Tampa, Fla. has announced net income for the second quarter of 2006 of $44,431,000, or $0.32 per share, an increase of 20.0 percent from the $37,033,000, or $0.27 per share, reported …

Safeco and Its Agents Ready to Help Stranded Texas Select Customers

Safeco Insurance is working with its 536 independent Texas agents to provide quality replacement homeowners coverage for customers stranded by the failed Texas Select Lloyds company. “With the clock ticking for consumers, Safeco is moving quickly to help protect families’ …

Plymouth Rock Names Garside to Underwriting Fellow Position

Plymouth Rock Assurance Corporation announced that Anne M. Garside has joined the firm in the newly created role of Plymouth Rock Fellow. She will focus primarily on loss reserving, pricing, performance measurement, and underwriting staff management at Plymouth Rock’s Boston …

INTRODUCING H.E.A.T. – A Timely Security Solution for the Upcoming Hurricane Season

GRAND ISS has organized Special Security Teams solely focused on responding to devastating storm-related risks St. Petersburg, FL – GRAND ISS, a global provider of security, risk mitigation, and investigative solutions, announced today the launch of its H.E.A.T. (Hurricane Emergency …

Willis: D&O Buyer’s Market Continues

There are small but significant gains to be made for insureds in the current London D&O market, according to the majority of underwriters surveyed in the Willis Index tracking this sector. The Index for the second quarter of 2006 found …