Sorn Harn and Horst Lechler have formed Harn & Lechler Insurance Services LLC, a wholesale insurance brokerage specializing in placing tough and difficult casualty and property risks with admitted and nonadmitted insurance carriers. The company will have offices in Castro …
A.M. Best Co. has removed from under review with negative implications and affirmed the debt rating of “bb+” on $350 million non-cumulative perpetual preferred securities (preferred securities) issued by Stoneheath Re (issuer), a Cayman Islands exempted company. The assigned rating …
The Department of Regulatory Agencies, Colorado Division of Insurance reported that it has recovered $7 million for consumers in the first half of 2008. The total represents premium savings and recovered benefits to consumers including: •$4.7 million from insurers following …
The Missouri Automobile Insurance Plan (the Plan, the AIP) announced today that it has completed the transition from the Missouri Joint Underwriting Association (MJUA), and has commenced operations. The Plan began accepting applications on August 12, 2008 from eligible applicants …
Every morning, stories of financial sector gloom and doom fill the airwaves. A slowing economy has affected the ability of individuals and businesses to pay their bills. The term “credit crunch” has become a part of the daily lexicon, with …
Stockton, Calif.-based Western Marine Insurance Services appointed Scott Olmstead vice president of programs underwriting of the Aquapac Plus recreation marine package programs. He will be responsible for managing the underwriting department, taking the lead on program enhancements and also assist …
Stephen Ray has been appointed manager of the Utilization Review and Lien Unit for California State Compensation Insurance Fund’s Claims/Rehabilitation Department. Ray was hired as a claims adjuster in the organization’s San Jose District Office in 1990, and two years …
California Department of Insurance Fraud Division Bureau Chief Rick Plein has been appointed deputy commissioner of the Enforcement Branch. Plein will replace retiring Deputy Commissioner Dale Banda. Plein has more than 19 years of law enforcement experience. He was hired …
U.S. workers’ compensation payments for medical care and cash benefits for workers disabled by workplace injuries or diseases declined in 2006, according to a study released by the National Academy of Social Insurance (NASI). The drop in payments in 2006, …
Pittsburgh-based insurance firm Lloyd Inc. has hired William F. Wakeley as director of business operations. The firm also announced the promotions of Tracey Spearman and Leslie Thomas. Wakeley has 20 years of industry accounting and business experience and has held …
