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

Simone Rejoins Aon Risk Services of Southern California

Aon Risk Services of Southern California, a unit of Aon Corp., announced that Philip A. Simone has joined the firm as senior vice president for Aon Risk Services. He will be based in Irvine, Calif. Simone brings more than 30 …

Ratings Roundup: Catlin (US), R.V.I., Companion, AmTrust

Standard & Poor’s Ratings Services has assigned its ‘A-‘ long-term counterparty credit and insurer financial strength ratings to Catlin Speciality Insurance Co. (CSCI) and Catlin Insurance Co. Inc. (CICI) (together Catlin US). The two companies “are expected to represent the …

Ala. Regulator Bell Named Chairman, Swiss Re America Holding Corp.

Swiss Re appointed Walter A. Bell as chairman of Swiss Re America Holding Corp. Bell, whose appointment with Swiss Re is effective Sept. 2, is currently insurance commissioner of the Alabama Department of Insurance, a position he has held since …

ASI Lloyds Expands Property Coverage Offerings in Louisiana

ASI Lloyds (ASI), a subsidiary of Florida-based American Strategic Insurance Corp. and an admitted Louisiana insurer, has launched an investor, rental and seasonal dwelling policy for Louisiana properties in addition to its current homeowners offering. ASI opened for business in …

Underwriter Reinsurance Co. Ordered to Stop Selling Insurance in Okla.

Oklahoma Insurance Commissioner Kim Holland has ordered Underwriter Reinsurance Co., also known as The Underwriter Group, to refrain from selling unlicensed, unauthorized insurance in her state. The Oklahoma Insurance Department reported that an investigation found The Underwriter Group, headed by …

Texas-Based CAA Adds Garrett Insurance Agency

Garrett Insurance Agency Inc. has joined Texas-based Combined Agents of America LLC (CAA) as its 36th member agency. Garrett Insurance Agency was established in Kerrville, Texas, in 1918 by W. G. Garrett Jr. and L. D. Garrett. Ninety years later, …

Delaware Orders 11.5% Workers’ Comp Rate Cut

Delaware Insurance Commissioner Matt Denn is ordering a 11.57 percent across-the-board cut in average workers compensation premium rates effective October 1, 2008. Denn also said that he will consider making additional reductions within the next 60 days. Combined with a …

Iowa Insurance Division Rescinds Rebate Bulletin

A national insurance trade group is praising the Iowa Insurance Division over its decision to rescind a bulletin that would restrict gifts and other small items under the heading of charities or advertising. The Property Casualty Insurers Association of America …

Jockey Club Calls for Safety Risk Study on Kentucky Derby Field

A Jockey Club panel will be studying whether the number of horses allowed into the Kentucky Derby poses a safety risk. The annual Run for the Roses at Churchill Downs in Louisville, Ky. regularly draws 20 horses to the race. …

Alabama Troopers to Crackdown on Speeding, Impaired Driving

Yes, there will be more Alabama state troopers patrolling state highways this week. Beginning Aug. 18, troopers were on the lookout for drivers who violate traffic laws. The Department of Public Safety said troopers will also use vans called “BAT …