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

NIF Group Names Orlando, Buckley, Mogelnick to Key Positions

Manhasset, N.Y.-based NIF Group, Inc., a program administrator and general agency, has named Michael P. Orlando as senior vice president and chief financial officer of NIF Group, Inc. He will be responsible for operations, bookkeeping and investments. Orlando previously served …

Peerless Offers Disaster Planning Guide for Northeast Homeowners

Peerless Insurance, a member of Liberty Mutual Group, is helping its 151,000 homeowner insurance customers throughout the northeast protect their families and homes during hurricane season. A six-page Disaster Planning Guide is available to policyholders on the Peerless Insurance Consumer …

Lloyd’s: Stakes ‘Huge’ But Manageable If Major Hurricane Hits New York State

A Northeast hurricane hitting New York state could result in insured losses of $65 billion, Lloyd’s America President Wendy Baker warned today. “The stakes are huge,” Baker said in a speech to the Northeast Hurricane Conference in Manhattan. “Considering Manhattan …

Web-based Tool Helps Businesses Recover From Natural Disasters

Businesses can plan for and recover from natural disasters with a free web-based tool now being provided to clients of Montgomery Insurance of Charlotte, N.C. Open for Business, developed by the Institute for Business and Home Safety, is a new …

Mercury General to Report Second Quarter Results on August 7

Los Angeles-based Mercury General Corp. reported that on Monday, Aug. 7, 2006, the Company will release results for its second quarter ended June 30, 2006. The company also announced that CEO George Joseph and President Gabriel Tirador will host an …

Oregon Plans More Work on Highway Flooded in Dike Failure

It will cost $3 million to prevent more flooding on an Oregon highway damaged last month when a dike failed, state officials say. Oregon 140, which links Klamath Falls with Medford, was closed a week after the Geary Canal dike …

La. Insurance Candidates Raise $1.2M

Editor’s note: This story updates campaign figures for Louisiana insurance commissioner candidates which were posted July 18 on this Web site. The three candidates running for Louisiana’s Commissioner of Insurance raised more than $1.2 million in contributions and loans since …

Insurance, Business Leaders Hold Forum on Keeping Workers in Iowa

Business leaders expressed continued concern this week that Iowa lacks enough workers to maintain a growing business climate. Business managers, insurance executives, and economic development directors discussed the issue at a forum, with many blaming the state for not keeping …

Infrassure Ltd. Upgraded

A.M. Best Co. upgraded the financial strength rating to “A-” (excellent) from “B++” (very good) of Infrassure Ltd., based in Switzerland, and assigned an issuer credit rating of “a-“. The outlook for both ratings is stable. The ratings reflect Infrassure’s …

Texas Fines Carrier for Late Payment of Workers’ Comp Benefits

Texas’ State Office of Administrative Hearings (SOAH) recently ordered University Health System to pay a fine of $2,500 to the Texas Department of Insurance, Division of Workers’ Compensation (DWC) for late payment of income benefits to an injured employee. According …