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

Commerce Net Earnings Down in 2d Quarter But Up for First Half

The Commerce Group, Inc. reported 2006 second quarter results showing net earnings were $58.6 million, or $0.86 per diluted share, compared to net earnings of $62.6 million or $0.92 per diluted share for 2005. Included in the 2006 second quarter …

Minn. Plans Program to Raise Public Awareness of Insurance Crimes

At a rate of about three a day, state Commerce Department regulators have been posting enforcement actions against insurance agencies and companies, real estate agents, mortgage originators, security brokers and others. But that information doesn’t always get into the hands …

Avila to Represent MedRisk Inc. in Tampa, Fla.

King of Prussia-based MedRisk Inc. has announced that Michele Avila has joined the firm as director of client strategies based in Tampa, Fla. She will work closely with sales, marketing and account management to design and develop outcome studies, benchmarking …

Insurance Journal Series ‘The Commissioners’ Presents Interviews with 15 State Regulators

Reinsurance collateral, natural disaster plans, brokerage compensation disclosure, credit scoring, competition for insurance jobs—state insurance regulators across the country deal with these and many other issues. Insurance Journal reveals how they are handling the issues in a series of exclusive …

Ind. WSIB Names New President, Executive Vice President

Indianapolis-based Insurance broker WSIB Insurance Agency LLC has announced that Laura Hauenstein will serve as president and H. Don DeWitt will serve as executive vice president of its WSIB Motorsports division. WSIB Motorsports offers specially designed motorsports coverage for professional …

La. Commissioner to Meet with Allstate President About Coverage Issues

Louisiana Commissioner of Insurance Jim Donelon and Allstate President and Chief Operating Officer Thomas Wilson will meet Monday, July 31 at the company’s headquarters in Northbrook, Ill., the Louisiana Department of Insurance announced. Commissioner Donelon requested the meeting with top …

N.Y. Cuts Time for Loss Runs

New York Gov. George Pataki has signed into law a bill that would cut in half agents’ wait time for commercial policy loss runs. The new law reduces the maximum time companies are given to supply loss runs upon request …

House Committee Advances Surplus Lines Regulatory Reform

The House Financial Services Committee has approved legislation that would apply single-state regulation and uniform standards to the nonadmitted insurance and reinsurance marketplace. Chairman Michael G. Oxley (Ohio) convened a full committee markup yesterday at which H.R. 5637, the Nonadmitted …

Missing Computer Holding Personal Data of 540,000 People Found

A computer that went missing with the personal information of as many as 540,000 injured workers has been located, New York state officials said Wednesday. The FBI and the private company that had been in possession of the state-owned personal …

HRH Posts 10% Increase in Revenues for 2nd Quarter

Hilb Rogal & Hobbs Company reported its second quarter total revenues were $178.4 million, compared with $162.0 million in the 2005 second quarter, an increase of 10.1 percent. HRH said comissions and fees rose 8.5 percent to $171.9 million, during …