Monthly Archives: <span>January 2008</span>

Marsh Reorganizes into U.S./Canada and International; New Executives Named

Giant insurance broker Marsh announced changes to its global organizational structure as well as several senior management appointments. Marsh said its global insurance broking business will be consolidated into two geographic divisions: U.S./Canada and International. As part of this combination, …

R.E. Chaix & Associates Acquires Katie Freeman Insurance Services

R.E.Chaix & Associates Insurance Brokers Inc. has agreed to purchase Katie Freeman Insurance Services Inc., according to Timothy Chaix, president of R.E.Chaix & Associates and Katie Freeman. Neither companies’ clients will experience any change in the usual service, Chaix said. …

Mauna Kea Beach Hotel Owners Sue Insurer for Earthquake Claim

The Mauna Kea Beach Hotel on the Big Island of Hawaii has sued one of its insurance carriers for denying a $20 million claim stemming from last year’s earthquakes. The hotel has been closed for repairs and renovations since temblors …

New Mexico Residents Still Recovering from March 2007 Tornado

Jim and Iris Blevins still think of their modest tan house surrounded by trees as their real home, but nowadays they live in a fifth-wheel behind the house — one of hundreds of eastern New Mexico homes damaged by tornadoes …

Idaho Upset over Toyota Ads

The Idaho Department of Insurance (DOI) has joined forces with the Coalition Against Insurance Fraud, a Washington group that includes insurers, law enforcement officials and consumer groups, in expressing concern over Toyota car company’s recent ad campaign. The campaign shows …

Mass. High Court Upholds 2006 Home Insurance Hike for FAIR Plan

The Massachusetts Supreme Judicial Court has upheld the 2006 rate increases for the state’s homeowners residual market insurer, the FAIR Plan, against a challenge by the attorney general that the increases violated a state law placing caps on increases. That …

ICW Group Names Harris CIO

ICW Group of San Diego has named Kevin Harris chief information officer. He will be responsible for aligning information technology and business. He was promoted from senior vice president of technology.

Kansas Recovers More Than $13M for Insurance Consumers in 2007

The Kansas Insurance Department’s (KID’s) Consumer Assistance Division had a record year in 2007, recovering more than $13 million for Kansas insurance consumers, according to Commissioner Sandy Praeger. Consumer Assistance – divided into Life & Health (L&H) and Property & …

Ohio Temporarily Changes Agent Background Check Procedures

The Ohio Department of Insurance recently announced that until further notice, the department will be temporarily allowing insurance agent license applicants to complete the fingerprint/background check requirement at any point during the licensure process. This temporary change in process is …

Swett & Crawford Group Acquires Ark. Workers’ Comp Brokerage

Wholesale insurance intermediary Swett & Crawford Group Inc., reported the acquisition of Little Rock, Ark.-based Risk Reducers LLC, a wholesale insurance broker specializing in workers’ compensation. Based in Little Rock, Ark., Risk Reducers writes workers’ compensation and specialized property and …