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

LWCC Launches New Web Site

Louisiana Workers’ Compensation Corporation (LWCC) announced it has launched a new corporate Web site, www.lwcc.com. The site features dedicated sections for employers, insurance agents and injured workers to obtain important information to manage their workers’ compensation needs. The employers’ section …

N.Y.’s Tompkins Buys Kemp Agency

Tompkins Insurance Agencies, Inc., of Batavia, N.Y., has purchased the Kemp Agency with offices in Dansville and Nunda, according to David S. Boyce, president and chief executive officer of Tompkins Insurance. The acquisition was effective July 1. In addition to …

Nationwide Requests 71 Percent Homeowners Increase in Florida

Nationwide Insurance Company of Florida has filed with the Florida Office of Insurance Regulation for a statewide average increase in homeowner’s insurance rates of 71 percent. The Office of Insurance has 90 days to review the filing. After receiving the …

HRH to Acquire Chicago Agency

Insurance broker Hilb Rogal & Hobbs Company said it has agreed to buy substantially all of the assets of Thilman & Filippini, L.L.C., a Chicago-based insurance agency and brokerage firm. With 2005 gross revenues of approximately $24 million, Thilman Filippini …

Meiches Named CEO at Electric Insurance

Electric Insurance Company in Beverly, Mass. has named Marc A. Meiches as president and chief executive officer, effective July 1, 2006. Meiches will succeed Larry Cohen who has been acting CEO since April 2005. Meiches comes to Electric Insurance from …

British Definition of Terrorism Termed Overly Broad

Britain’s legal definition of terrorism may be too broad and may have to be refined, according to a lawyer who is advising the government. Lord Carlile, a senior barrister, has been appointed by the Home Office to review the legal …

Effort to Block Wal-Mart, Berkshire Hathaway Banks Gaining Support

With Wal-Mart and Home Depot among a record number of companies awaiting federal approval to open banks, legislation to block this special kind of bank is gaining momentum, a senior House lawmaker said. Thirteen companies, a record number, have joined …

OneBeacon Flexes for Commercial Property, Inland Marine Risks

Commercial and industrial operations, ownership interests, and companies with multi-state locations have a new option from OneBeacon Insurance for safeguarding themselves against loss. With Flex, its new property product, OneBeacon Insurance is combining broad coverage with pricing flexibility to meet …

S&P Upgrades Ming An’s Ratings to ‘BBB’ after Reinsurance Payment

Standard & Poor’s Ratings Services has raised its counterparty credit and insurer financial strength ratings on Ming An Insurance Co. (Hong Kong) Ltd. to “BBB” from “BB+” after the company was paid a long outstanding reinsurance debt of HK$886 million …

S&P Affirms Norwegian Hull Club ‘A’ Ratings, Stable Outlook

Standard & Poor’s Ratings Services has affirmed its “A” long-term counterparty credit and insurer financial strength ratings on Norway’s marine insurer Norwegian Hull Club (NHC or the club) with a stable outlook. “The ratings reflect the club’s very strong capitalization, …