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

Guagliano Named Max Bermuda President, CEO

W. Marston (Marty) Becker, Chairman and CEO of the Bermuda-based Max Capital Group Ltd., announced that Angelo M. Guagliano, most recently Executive Vice President and Chief Underwriting Officer of Max Capital’s Bermuda operating company, Max Bermuda Ltd., has been promoted …

Guy Carpenter Set to go Electronic on All Lloyd’s Claims

Guy Carpenter & Company, Marsh & McLennan’s risk and reinsurance specialist, announced plans to mandate the use of Electronic Claims File (ECF) for in-scope claims for all Lloyd’s markets from January 1, 2008. “This decision follows the successful implementation of …

RIMS Dallas-Fort Worth Gives Scholarship to Spencer Ed. Foundation

Spencer Educational Foundation has received a $100,000 commitment from the Risk and Insurance Management Society (RIMS) Dallas-Fort Worth Chapter to be contributed over a four-year period beginning in 2007. The RIMS Dallas-Fort Worth Chapter Scholarship, a merit-based scholarship, will be …

Delta Opens Medical Malpractice, Professional Liability Division

Delta General Agency announced the formation of a professional liability division with specialized focus on medical malpractice coverage. The company has tapped Marla Timmons, senior health care and professional liability broker, to lead the division. Timmons will be based in …

Ill. Associated Risk Managers Add New Board Members

Associated Risk Managers (ARM) recently announced the addition of three new members to their Board of Directors. The members are Robert E. Weaver, vice president, Jackson, Dieken & Associates, Westlake, Ohio and Past ARM chairman 2002-03; Kelly Shea, president, Landmark …

Gramercy Insurance Company Selects NetRate Systems Rating System

To Improve Efficiency and Speed with Commercial Lines Quotes ATLANTA, GA and OKEMOS, MI – NetRate Systems, Inc., a leader in Property & Casualty Rating and Applications software, announces an agreement to provide a Commercial Lines Rating System for Gramercy …

Miss.: Scruggs Files Racketeering Charges against State Farm

The Scruggs Katrina Group filed federal charges against State Farm, E.A. Renfroe Company, and Forensic Analysis and Engineering Company on behalf of 21 Mississippi policyholders whose homes were destroyed in Hurricane Katrina. The suit was filed June 20 in the …

Rich Joins Legends Environmental as VP, Wholesale Division

California-based Legends Environmental Insurance Services has expanded its Wholesale Division with the hiring of John Rich as the new vice president of Wholesale Division. Rich has 26 years of commercial insurance experience and has gained a national reputation during the …

Ratings: Kamp Re, Allianz (Russia)

Standard & Poor’s Ratings Services said that its ‘CC’ senior secured debt rating on KAMP RE 2005 Ltd.’s $190 million floating-rate principal-at-risk notes are remaining on CreditWatch with negative implications, where it was placed on Oct. 13, 2005. The notes …

Calif. Approves New Medical Treatment Guideline Regulations

California’s Office of Administrative Law has approved new medical treatment guideline regulations. Primarily, the regulations: *Defined or deleted terms such as acute, chronic, claims administrator as suggested by earlier public comments; *Adopted and incorporated the American College of Occupational and …