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

Benfield Report Sees Major Changes, Rapid Growth in Chinese Market

A new report by international reinsurance broker and risk intermediary Benfield, entitled “China Insurance Market Review: Major changes, rapid growth,” examines the changes that have taken place in in the recent past in the country and what may happen in …

Wis. Phoenix Group Adds Union Bank Insurance Group of Ill.

The Phoenix Group, an independent insurance agency and employee benefits company based in Ripon, Wis., recently purchased Union Bank Insurance Group, based in Peru, Ill., marking the agency’s fifth acquisition in five years. The purchase, according to The Phoenix Group …

CPCU Society Elects 2006-07 Officers, Governors

The CPCU Society elected new officers and governors during the CPCU Society’s 62nd Annual Meeting and Seminars in Nashville, TN, Sept. 9-12. These new positions are effective immediately. The following officers of the board have been officially elected: CPCU Society …

Top Graduates Honored for Surplus Lines Designation

The National Association of Professional Surplus Lines Offices (NAPSLO) recognized the top four graduates of the Associate in Surplus Lines Insurance (ASLI) program at its annual convention on Sept. 15, 2006, in Chicago, Ill. The Derek Hughes/NAPSLO Educational Foundation sponsors …

USG Promotes Two in Texas Branch

USG Insurance Services Inc, a national broker of commercial insurance headquartered in Tampa, Fla., announced that Jodi Berger was promoted to assistant branch manager for its Arlington, Texas, branch. In addition, Heath McCasland was recently promoted to associate underwriter. Berger …

3rd Bag of Tainted Spinach Linked to Calif. Plant

A third bag of Dole baby spinach that tested positive for a deadly E. coli strain has been linked to a specific batch packaged at a Salinas Valley plant, California health officials said. A Pennsylvania state lab identified the strain …

New Mexico Commission Seeks New Insurance Superintendent

New Mexico’s Public Regulation Commission has chosen a finalist to replace former Insurance Superintendent Eric Serna, but regulators won’t say who that person is. Following a closed meeting Tuesday, the PRC announced it has authorized its chief of staff to …

California Anticipates Lowering Workers’ Comp Rates

Califiornia Insurance Commissioner John Garamendi announced he will likely recommend a further reduction in workers’ compensation insurance rates of at least an additional 6.3 percent. Based on pre-reform trends, the Workers’ Compensation Insurance Rating Bureau (WCIRB) estimates that such a …

Pacific Coast E&S Offers Business Auto Market

Pacific Coast E&S Services has a new business auto market available in California. Market covers business auto, liability and physical damage, light and medium vehicles; and local and intermediate radius. Most drivers are accepted. Physical Damage coverage is available stand-alone …

Funding for Building Code Implementation Passes Legislative Hurdle in La.

The hurricane recovery effort in Louisiana received a much needed financial boost recently from the state as it continues implementing the statewide building code, the American Insurance Association reported. A legislative panel has approved the Louisiana Recovery Authority’s (LRA) plan …