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

Google’s Advertising Head to Address Insurance Marketing Event

New meeting format features an opening day keynote address and workshop, and specialty workshop tracks in advertising, public relations, creative/marketing and technology Jon Kaplan, head of financial services, advertising, for Google, Inc. and Roger Dawson, a nationally recognized speaker, negotiator …

Ga. Releases $3 Million For Local Storm Response

Gov. Sonny Perdue released $3 million from the state’s emergency discretionary fund to cover past and future expenses incurred by local governments in responding to last week’s severe weather. Preliminary estimates indicate that as much as $11 million will be …

Fraud Charges Filed Against 5 in 2005 Kansas Fire

Attorney General Paul Morrison announced fraud charges Wednesday against five people accused of fraudulently trying to obtain grant or insurance money for a fire that destroyed a large portion of historic downtown Fort Scott two years ago. Charles Parsons and …

Jury Awards Iowa Man $10 Million for Back Injury

A federal jury has awarded a man $10 million after ruling that his employer’s insurance carrier acted in bad faith in denying his claim for benefits from a 1999 back injury. The jury is still deliberating whether to award the …

W.Va. Bill Could Extend Health Insurance to Thousands

Thousands of West Virginians could be newly eligible for health insurance through their parents’ plans under a measure advanced Wednesday by the Senate Finance Committee. The bill already passed the House of Delegates in a slightly different form. It would …

New Low-Price Mass. Health Plans Too Good to Be True, Advocates Say

Health care activists say the low-cost health insurance plans unveiled recently by Gov. Deval Patrick – some with monthly premiums as low as $175 – sound too good to be true. They point to what they say are the hidden …

Flexpoint Partners Acquires Pa.’s Norwich Group

Flexpoint Partners, LLC acquired a majority interest in Rosemont, Pa.-based Norwich Group, Inc. and its affiliated companies via a newly formed holding company. Norwich develops, implements and administers commercial insurance products targeted to narrowly-defined industry segments. In connection with the …

Best Affirms R&SA ‘A-‘ Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of the U.K.-based Royal & Sun Alliance Insurance Group plc and its rated subsidiaries. Best also affirmed the ratings …

EQECAT to Unveil New ‘Offshore Energy Model’ for Gulf of Mexico

EQECAT Inc. plans to unveil a “state-of-the-art Offshore Energy Model” during its March Catastrophe Management Conference. “The driving factors behind EQECAT’s effort were the 2004 and 2005 hurricane seasons,” explained President Rick Clinton. “The resulting offshore energy related losses, which …

Swiss Re sigma Study Details 2006 Natural, Man-made Disasters

In its just released sigma study, “Natural catastrophes and man-made disasters in 2006”, Swiss Re notes that “losses due to natural catastrophes and man-made disasters were below the long-term trend in 2006.” Cat losses totaled around $48 billion, of which …