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

Buchanan Joins AmWINS Brokerage in New York

Gary Buchanan has joined AmWINS Brokerage of New York of vice president. With over 25 years of experience in the insurance industry, Buchanan will focus mainly on financial risk placements, including directors and officers, errors and omissions, employment practices, fiduciary, …

Work to Resume on West Virginia Tunnel after Talks with Insurance Co.

Work could resume soon on the Interstate 70 Wheeling Tunnel in West Virginia and highway officials are still confident they’ll complete the project by the Nov. 1 deadline. West Virginia Transportation Secretary Paul Mattox said July 15 that officials have …

State Farm Files Average 47.1% Increase in Florida Homeowners Coverage

State Farm Florida Insurance Co., a Florida-only property insurance company, filed an average 47.1 percent homeowners insurance rate increase with the Florida Office of Insurance Regulation on July 16. Ed Domansky, spokesperson for the OIR said the state’s first step …

PointSure Acquires Black/White & Associates

Seattle-based SeaBright Insurance Holdings Inc. announced that its subsidiary, PointSure Insurance Services Inc., has acquired Black/White & Associates of Nevada, Black/White & Associates Inc. and Black/White Rockridge Insurance Services Inc. from Black/White Group. Black/White & Associates of Nevada, located in …

New York Hearings Pit Agents Against Compensation-Reformers

A top executive for a key insurance broker urged New York regulators to quash the practice of insurance agents taking contingent commissions, despite calls from agents that the practice would hurt their businesses, and do nothing to improve the insurance …

Procaccini Joins Woodruff-Sawyer & Co.

San Francisco-based Woodruff-Sawyer & Co. announced that Tony Procaccini has joined the firm as vice president, global benefits. In his new role, Procaccini will be focusing both on business development and providing strategic consulting and brokerage services to clients with …

M.J. Hall Honored by Insurance Professionals of Anchorage

M.J. Hall and Company of Alaska Inc. has been awarded the “Employer of the Year” award for 2008 by the Insurance Professionals of Anchorage. The award is presented to the employer who shows the greatest support of the organization and …

Employers Holdings Schedules Q2 Earnings Release

Employers Holdings Inc., a provider of workers’ compensation insurance to small, U.S. businesses based in Reno, Nev., will review the company’s second quarter 2008 financial results during a conference call and webcast Friday, Aug. 8, 2008, at 10:30 a.m. PDT. …

Zurich Launches Web Site on Technology Risks

Zurich North America launched a distributor-focused Web site (www.techinsurance.zurichna.com) to serve as a central source for the news, information and educational resources about technology risks. The user-friendly navigation enables distributors to access resources and tools they need to advise customers …

Ex-New Mexico Deputy Insurance Superintendent Sentenced

A federal judge sentenced former New Mexico Deputy Insurance Superintendent Joe Ruiz to 48 months in prison and ordered him to pay $103,000 in restitution and $2,000 in special penalties. Ruiz, who was accused of trying to coerce insurance companies …