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

Mich. Fremont Insurance Upgraded to B++ by A.M. Best

Fremont Michigan InsuraCorp, Inc. announced today that the rating of its insurance subsidiary, Fremont Insurance Co., has been upgraded by rating agency A.M. Best to “B++” (very good). The Best’s Financial Strength Rating is an independent third-party opinion as to …

Ohio Kohl Agency Merges with SeibertKeck

SeibertKeck, based in Northeast Ohio, recently announced its recent merger with Jack Kohl Agency Inc., effective Jan. 1, 2007. The Jack Kohl Agency will remain at its Ravenna headquarters and will be known as Jack Kohl Insurance Agency moving forward. …

York Creates Dedicated Transportation Claims Unit

York Insurance Services Group, Inc., which is based in in Parsippany, N.J., has formed York Transportation and Logistics as a division of York Specialized Loss Adjusting, its large/complex property claims unit. The new unit is dedicated to inland marine, motor …

Okla. Couple Pleads Guilty in Charity Fraud Case

An Oklahoma man is facing 10 years in prison, and his wife will serve a three-year prison sentence after pleading guilty to five counts of violating the Oklahoma Solicitation of Charitable Contributions Act, Attorney General Drew Edmondson announced. Gregory Sean …

La. Woman, Stopped for Traffic Violation, Charged with Trying to Kill Officers

A Lecompte, La., woman was charged with attempting to kill two Pineville police officers as she fled the scene of a routine traffic stop, Pineville Police Staff Sgt. Darrell Basco said. Shelby Darlene Chambers, 45, was stopped Dec. 17 for …

Houston Nurse Sentenced for Workers’ Comp Fraud

Texas Mutual Insurance Company reported that a Houston nurse has pleaded guilty to workers’ compensation fraud-related charges. The Travis County 299th Judicial District Court sentenced Brenda Hernandez to five years of deferred adjudication. The court also ordered Hernandez to perform …

S&P Raises Outlook on Professionals Direct

Standard & Poor’s Ratings Services recently revised its outlook on Professionals Direct Insurance Co. (PDIC) to stable from negative. Standard & Poor’s also said that it affirmed its ‘BBB’ counterparty credit and financial strength ratings on PDIC, which is based …

Ind. Conseco President Moves to Allstate Financial

Carmel, Ind.-based Conseco Inc. today announced that President and Chief Operating Officer James Hohmann will be leaving the firm to become president of Allstate Financial. Conseco Chairman R. Glenn Hilliard said, “Jim Hohmann brought a wide breadth of insurance industry …

LIG Marine Loss of Hire Program Helps Owners of Damaged Vessels

LIG Marine Managers has released a new Loss of Hire Program designed to pay for continuing expenses and loss of profits to vessel owner clients while their vessels are unable to work after a claim. Similar to Business Interruption or …

Northeast Wholesaler Jimcor Expands with Purchase of Pa. Broker Federico

Northeast wholesale broker Jimcor Agencies has acquired Federico & Associates, a regional wholesaler based out of Lansdowne, Pa. Terms of the agreement have not been disclosed. Headquartered in Montvale, N.J., Jimcor Agencies has seven offices located throughout New York, New …