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

People

Appleton, Wis.-based Integrity Mutual Insurance Co. named Darin L. Kath as president-designate. Richard J. Schinler, current president and chief executive officer, will retire after 25 years with the company on Dec. 31. He will remain in his current position until …

Authorities Find Insurance Investigator’s Body; Agent Charged

Authorities searching a wooded area on May 20 found the body of a North Carolina insurance investigator who prosecutors believe was killed by the owner of an agency she was auditing. Police searched for Sallie Rohrbach, 44, since she was …

Bermuda Insurance Regulator to Beef Up Staffing

Bermuda’s insurance regulator is increasing staffing by as much as 50 percent as it sets its sights on eventually reaching a mutual recognition agreement with other domiciles, executives at an insurance conference said Monday. “The (Bermuda Monetary Authority) is working …

Florida Regulator Issues Final Order in Hartford Rate Challenge

Florida Insurance Commissioner Kevin McCarty affirmed the ruling of an administrative law judge regarding the rate filing challenge between the Office of Insurance Regulation and The Hartford Companies. McCarty’s order officially disapproves the rate filings Hartford submitted and adopts the …

Insurance Commissioners, Fireman’s Fund Execs Address Climate Change

Representatives from the nation’s insurance regulator community adopted a climate change white paper at the National Association of Insurance Commissioners Summer Meeting in San Francisco on Monday, June 2, 2008. The paper is geared to be a guideline for regulators …

Montana’s Insurance Regulator Wants to Open Insurer Data

Montana’s insurance regulator John Morrison, said he wants to give consumers information on the conduct of insurance companies. Morrison said consumers could check to see how often a company cancels policies, delays claims or gets sued under his proposal, and …

Large Fire Devours California Movie Sets, King Kong Attraction

A large fire raged on a back lot at Universal Studios on Sunday, devouring several movie sets and the theme park’s King Kong attraction, officials said. The King Kong exhibit is a stop on the studio’s tram tour where the …

S&P Keeps Nationwide on CreditWatch

Standard & Poor’s Ratings Services has announced that it is keeping its ratings on Nationwide Financial Services Inc. (NFS), its subsidiaries, and related securities on CreditWatch with negative implications. “The companies were placed on Watch negative on March 10, 2008, …

Ratings Recap: Safe, Philadelphia, Premier, Starr Indemnity, Hanover, LUBA, Premier, American Underwriters

A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating (ICR) to “a-” from “bbb” of Safe Insurance Company of Huntington, W.Va. with stable outlooks. “The ratings reflect Safe’s strong …

J. Smith Lanier Names New Managing Director in Tennessee

West Point, Ga.-based J. Smith Lanier & Co. added Mark Benson as the new managing director in its Knoxville, Tenn. office. Benson will oversee all sales, financial expenses and personnel in Knoxville. Benson joined J. Smith Lanier & Co. after …