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

Tokio Marine Seeks U.S., Europe Acquisitions

Tokio Marine Holdings Inc. Japan’s largest non-life insurer, is looking at opportunities to acquire U.S. and European competitors as part of its overseas growth strategy, Chief Executive Shuzo Sumi said on Tuesday. “We have been focusing on emerging markets but …

Firefighters in Stalemate Against Calif. Wildfires

Firefighters have battled more than a thousand wildfires burning throughout Northern California to a stalemate, but forecasters said dangerous fire conditions will not relent anytime soon. No new major fires had broken out as of Sunday, June 29, 2008, as …

M.J. Hall and Co. Appoints Accounting Manager

Nate Rubin has joined M.J. Hall and Co. Inc. as the accounting manager in its corporate office in Stockton, Calif. Rubin has more than 14 years of insurance accounting experience, 13 of which were at an excess and surplus wholesaler …

Western Insurance Agents Association Installs Officers

The Western Insurance Agents Association confirmed its board members and officers for the 2008-2009 term. The Board officers were officially installed at the group’s annual member meeting held earlier this month at the WIAA offices. Officers include: Chairman Kathy McDonald …

IBSL Announces the Appointment of Mike Reiter as a Principal

IBSL (formerly known as International Brokerage & Surplus Lines) is pleased to announce that Mike Reiter has joined the firm as a principal. Mike brings a wealth of experience to IBSL having previously served as VP of Operations at Superior …

Mississippi Supreme Court Won’t Hear Funeral Home Owner’s Appeal

The Mississippi Supreme Court refused to hear an appeal of the embezzlement convictions of the former owners of Salts Funeral Home in Booneville, Miss. A Lee County jury in 2005 convicted Michael I. Salts and Alice Marie Salts each on …

Imprisoned Tennessee Insurance Executive Charged with Bribery

A former Tennessee insurance executive is accused of trying to buy his way out of prison. Federal authorities charged James Michael Foley of Germantown last week with bribery of a government official and obstruction of justice. Drug Enforcement Administration agent …

Mississippi Jury Returns Verdict in Favor of Pascagoula Couple

A Jackson County, Mississippi jury returned a $900,000 verdict for a Pascagoula couple who sued their insurer for unpaid Hurricane Katrina damages. Retired Navy Admiral James Lisanby and his wife sued USAA insurance for damage to their Pascagoula beach front …