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

Arrowhead Announces Kingsley Will Join Commercial Division Management Team

San Diego, CA, 05/06/2008 – ARROWHEAD General Insurance Agency, Inc. announced that Robert T. Kingsley has joined the Arrowhead Commercial Division senior management team as president of the Specialty Contractors, Commercial Auto and Surety Programs. Kingsley will report to Bill …

N.Y. City Wants U.S. To Pay 9/11 Health Care Costs

New York City Mayor Michael Bloomberg has called on the federal government to pay $150 million a year in medical bills for workers and residents who suffered health effects from the Sept. 11, 2001, attacks. After the World Trade Center …

Maryland Delays Bills to Promote Teen Driving Safety Until 2009

Supporters of bills that would put new restrictions on teen drivers in Maryland are vowing to try again next year. Several teen driving proposals died in the recently concluded legislative session. The only one to pass was a bill requiring …

Conn. Opens Teen Driving Center

The state Department of Motor Vehicles is setting up a safe driving program for teenagers in response to several fatal car accidents in Connecticut over the past year. Gov. M. Jodi Rell says the Center for Teen Safe Driving will …

Safeco a ‘Good Fit,’ Says Liberty Mutual Agency Market’s Gregg

Safeco and Liberty Mutual Agency Markets companies are a “great fit” geographically and by line of insurance, according to Gary Gregg, president of Liberty Mutual Agency Markets. He said Safeco’s strength in personal lines generally and in the West in …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Human Services Nuts & Bolts: Travis Pederesen and Associates is offering general liability, professional, umbrella, …

Industry Progressing With Real Time Technology and Downloads

Independent agents and carriers see gains — in some cases doubling — in real time transactions Just one year into the making, supporters of the Real Time/Download Campaign (www.getrealtime.org), a campaign to improve the efficiency of communications between independent agents …

Liberty Mutual to Acquire Safeco Insurance in $6.2 Billion Deal

Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and second largest surety …

Analysts See Increase in P/C Mergers Ahead; Rate Climate Top Challenge

Insurance equity analysts expect a significant increase in property/casualty mergers and acquisitions this year, according to findings of a global survey by Accenture. More than two-thirds (71 percent) of all P/C analysts surveyed said they anticipate a “significant increase” in …

Beware! It’s Open Season on ERISA Fiduciaries

During the 12-month period ending March 31, 2007, nearly 10,000 new federal lawsuits were filed under ERISA. In 2007 alone, ERISA class action settlements exceeded $1.8 billion. Yes, it is open season on ERISA fiduciaries and there appears to be …