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

Ratings Roundup: SALAMA, MBIA/Ambac (Chile), Misr, SJ China, Starbound, Great American

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of SALAMA Islamic Arab Insurance Company (P.S.C.), which is based in the United Arab Emirates. The outlook for both ratings …

UPDATE: Tropical Storm Fay Remains on Course for Florida

As of 11:00 a.m. EDT the center of Tropical Storm Fay was about 70 Miles (115 kms) south-southeast of Key West Florida and about 65 miles (103 kms) east-northeast of Havana Cuba. Florida’s governor has declared a state of emergency …

Ohio Commissioner Says 1,429 Complaints Filed in First Six Months

The Ohio Department of Insurance says its consumer hot line can help when Ohioans have trouble with their insurance companies. In the first six months of this year, 1,429 complaints were filed with the state concerning health plans. An analysis …

Angelo Joins OneBeacon Professional Partners

Canton, Massachusetts-based OneBeacon Professional Partners has appointed Susan Angelo senior vice president of managed care. In her new role, Angelo will oversee all product, business development and underwriting strategies for managed care liability for the group, a member of OneBeacon …

Insurers Protest Private Lawyers in Former Louisiana AG’s Katrina Case

A judge in Louisiana has asked a state official to review the validity of private attorneys’ contracts to represent Louisiana’s attorney general in a case over the state’s Road Home hurricane recovery program. U.S. District Judge Stanwood Duval said insurance …

Beers Promoted to Vice President at RSI International

Texas-based managing general agency RSI International Inc. has promoted Holly Beers to vice president. Beers started her insurance career in 1994 with the J.D. Williams Company in El Paso. She joined RSI in 2002 as commercial lines underwriter; most recently …

Braniff Team Joins USI Southwest

USI Southwest announced that Jim Braniff III, John Braniff Sr., Jim Braniff IV and John Braniff Jr. have joined the Houston office as senior officers of the firm. This team represents the second and third generation of an insurance family …

Missouri Supreme Court Reverses Decision on Emotional Distress Case

The Missouri Supreme Court recently reversed a case involving emotional distress of one party after a major collision. The case involves the grant of summary judgment to the defendant in a negligence case where the plaintiff sought damages, in part, …

Atlanta-based Pritchard & Jerden Adds to Team

Atlanta-based insurance and risk management firm, Pritchard & Jerden Inc., added Lawson Burnat and Allen Lumpkin as account executives in its commercial lines department. Burnat worked in the staffing industry for four years prior to joining Pritchard & Jerden and …

RelMark Launches Risk Purchasing Group for Fire Sprinkler Industry

Chester Springs, Pennsylvania insurance program RelMark launched the Fire Sprinkler Risk Purchasing Group, Inc. offering fire sprinkler contractors’ general liability insurance and risk management needs. RelMark President Tom Giangiulio said contractors can seek membership and coverage from the Fire Sprinkler …