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

Business Moves

Minn. Old Republic, Troon Management Corp. and Sentry Rande Yeager, president and CEO of Old Republic National Title Insurance Company, headquartered in Minneapolis, Minn., announced the acquisition by Old Republic National Title Holding Company of Troon Management Corp. and Sentry …

News Currents

Marsh & McLennan cutting 750 jobs Marsh & McLennan Cos. Inc., the world’s biggest insurance brokerage, said it will cut 750 jobs, consolidate some locations and revamp its information technology structure to cut costs. Marsh & McLennan, which has struggled …

Figures

$1 million A Michigan woman has admitted she took nearly $1 million from senior citizens’ life insurance accounts. Bobbi Jo Fritz, 48, of Pigeon, Mich., pleaded guilty to four felony counts of uttering and publishing checks for more than $20,000 …

Aon freed to accept contingent pay when serving as managing general agents

Aon Corporation said it has obtained agreement from five agencies in three states to amend its settlement agreements so that it can accept contingent compensation from an insurer for which Aon is acting as a general agent or underwriter. The …

Slavery Reparations Federal Cases to be Heard in Chicago Courtroom

Oral arguments in the landmark slavery reparations cases against corporations will take place on Sept. 27, 2006, 9:30 a.m., in the 7th Circuit Court of Appeals, at 219 South Dearborn St. in Chicago, Ill. The cases were filed by plaintiffs …

Susan Voss, Iowa, Commissioner of Insurance

Iowa is perceived by other states as a model in terms of the number of companies domiciled in the state and those wanting to do business there, as well as having a very stable legislative and regulatory environment. But Iowa …

Declarations

Skip Free Advice “Seniors should be wary of unsolicited offers of free advice, especially if they are asked to divulge personal financial information, such as listing their income and assets.” Comment made by Illinois Attorney General Lisa Madigan when she …

Establishing ethics for insurance professionals

The American Institute for Chartered Property and Casualty Underwriters (AICPCU), the American College and the Society of Financial Service Professionals founded Ethics Awareness Month in 1990. While it is impossible for all insurance professionals to reach consensus on every aspect …

Agriculture industry starved for ways to reduce terrorism targets

The war against terrorism may be focused mostly in the Middle East, but people also should pay attention closer to home — especially to the U.S. agriculture industry, according to Dr. Jerry R. Gillespie, director of the Western Institute for …

New Markets

Liability Long Term Care Facilities Nuts & Bolts: Houston, Texas-based London American Risk Specialists Inc. is offering CareSurance, a new liability insurance program designed to meet the needs of skilled, assisted and independent long term care (LTC) facilities across America. …