Monthly Archives: <span>March 2007</span>

Brown & Brown Picks New Leaders for Denver, Phoenix Profit Centers

Brown & Brown Insurance of Arizona Inc. has named John I. Slater as the new profit center leader for the company’s Phoenix area retail profit center. He will be responsible for the growth and profitability of the profit center, where …

Wal-Mart Drops Bid to Form Bank

Wal-Mart Financial Services has withdrawn its controversial application seeking to start its own bank. The retailer is one among 14 companies including the Home Depot with applications before the Federal Deposit Insurance Corp. to establish what are called industrial loan …

Gainsco Offering Auto Insurance in New Mexico

Dallas-based GAINSCO Auto Insurance, which insures drivers across the Southern United States, has expanded its operations into New Mexico and will sell its personal auto policies through a network of independent insurance agents across the state. The company specializes in …

Oregon Adopts and Amends Rule on Producer Licensing

Oregon’s Insurance Division has amended its rules affecting licensing, renewal, prelicensing training and continuing education requirements for insurance producers. According to the OID, the changes in the rulemaking furthers licensing reciprocity for Oregon resident insurance producers and increase consistency between …

Okla. Commissioner: Faith-based Benefit Firm Considered an Insurer

A Tulsa, Okla.-based Christian organization that pools member money to pay medical bills, but says it isn’t an insurance company, is still going to be treated like one, a state official said. Medi-Share, a Christian Care ministry of the mission-driven …

La. Rating Commission to Meet March 21

The regular monthly meeting of the Louisiana Insurance Rating Commission will be held on Wednesday, March 21, 2007, at 11 a.m., the Louisiana Department of Insurance announced. The meeting will be held in the Plaza Hearing Room, State Insurance Department, …

La.’s Road Home Program Hits the Road for Katrina Victims

Louisiana’s Road Home program, criticized by lawmakers for too slowly disbursing grants for homeowners ousted by hurricanes Katrina and Rita, is hitting the road to reach more applicants. The program, which provides repair money and buyouts to homeowners in storm-ravaged …

Ark. Senate Passes Teen Driving Rules; Highway Bond Measure

Teenage drivers in Arkansas would have more restrictions on their driving privileges under Senate Bill 196, which recently passed the state Senate. According to the Senate announcement, teens with a learner’s permit or an intermediate license would not be able …

ACE Survey Shows Data Loss is Top Operational Risk Threat

One in three global businesses see loss of data as a significant threat and the key issue to address in operational risk management planning, according to the latest global risk briefing report conducted by the Economist Intelligence Unit (EIU) and …

MajescoMastek Names McCarter President

Edison, N.J.-based MajescoMastek, the North American unit of publicly-held software solutions and services provider Mastek, Ltd., has named William S. McCarter as president of the North American business. McCarter has joined the company in the Edison, N.J. headquarters. McCarter was …