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

Nevada Employer Insurance Firm Converting to Stock Company

The parent of Employers Insurance Co. of Nevada has won state authorization to convert from a mutual to a publicly traded stock company — and in the process give its 6,500 members cash and stock that could add up to …

Fox Point Programs Offers E&O Product for Security Broker Dealers

Fox Point Programs based in Wilmington, Del., has partnered with underwriters at Lloyds of London to offer errors and omissions insurance for securities brokers-dealers. The coverage provides protection against allegations of wrongful acts committed by the insured as well as …

New Rules Require Businesses to Keep Better Tabs on e-Documents

Companies that help businesses track and search their e-mails and other electronic data are experiencing a surge of interest in the wake of federal rule changes that clarify requirements to produce such evidence in lawsuits. Roger Matus, chief executive of …

Founder of Freeway Insurance Services to Head Wizard Lizard

Kelly Turton, founder and former president of Freeway Insurance Services, has been named CEO of Wizard Lizard LLC in Irvine, Calif. Steve Triano, the former director of software development at Freeway has been named CTO of Wizard Lizard. Turton brings …

Study: Employees Choose Traditional Health Plans

People with employer-sponsored health coverage choose to enroll in traditional plans over consumer directed products, which have been touted as a way to lower health care costs, according to a survey released Friday. The study also found that 39 percent …

Willis Announces Senior Appointments in Denver

Willis Group Holdings, an insurance broker, has added three senior level executives in its Denver office. The appointments of Dennis Miceli, senior vice president and employee benefits practice leader; Brian Janeck, senior vice president; and Bethany Ross Peterson, vice president …

Economic Capital Activity Rises, But Enhanced Strategic Approach Needed

A number of factors including Solvency II and Basel II legislation in Europe and rating agency enterprise risk management (ERM) criteria in North America are driving the economic capital trend and insurers are becoming increasingly active in this space, according …

SIAA Master Agency Established in Northern Tenn.

Strategic Independent Agents Alliance (SIAA) announced that Cumberland Insurance Group, LLC of Cookeville, Tenn. has established Independent Agents Alliance of Tennessee as an SIAA Master Agency. As a master agency, the Independent Agents Alliance of Tennessee will make SIAA benefits …

Northeast Bank Acquires Maine’s Palmer Agency

The insurance subsidiary of Northeast Bank, Northeast Bank Insurance Group, Inc. has acquired the Palmer Insurance Agency of Turner, Maine. Palmer has six employees and generated $4 million in gross premiums over the past year. The current leadership, including owner …

Rental Firm Not Liable If Driver Lies About License, Miss. Court Decides

Rental car companies are not liable for accidents that result from their unknowingly leasing a car to a motorist who lies about having a valid driver’s license, the Mississippi Supreme Court has ruled. The court, in a recent 5-4 decision, …