Monthly Archives: <span>February 2009</span>

Hull & Co. Inc. Appoints Siegel VP in Stockton, California

Hull & Co. Inc. has promoted Chris Siegel to the position of vice president and profit center leader for the Stockton, Calif., office effective March 2, 2009. With 10 years of insurance experience, Siegel most recently served as a professional …

Henricks Joins AmWINS Brokerage in Florida

Lynn Henricks has joined wholesaler AmWINS Brokerage of Florida as vice president. Formerly of Beecher Carlson, Henricks has 20 years of insurance industry experience and will focus on property and casualty brokerage at AmWINS.

New York Regulator ‘Reminds’ Insurers about Accounting Requirements

New York Insurance Department Superintendent Eric Dinallo issued a reminder last week that insurance companies must file annual financial reports or supplements that comply with the accounting requirements prescribed by the state’s insurance law. “New York State Insurance Law sets …

Kingsway Financial Loss Worse Than Forecast

Toronto-based Kingsway Financial Services Inc. said Friday its quarterly loss came in even deeper than it had estimated a week ago, leading the company to chop its dividend and sending its shares 15 percent lower. The loss — three times …

Berkshire Hathaway Dogged by Derivatives, Accounting Rules

Shares of Warren Buffett’s Berkshire Hathaway Inc. sank last Friday to their lowest level in 5-1/2 years amid concern the insurance and investment company could suffer big losses from bets on world stock markets and U.S. banks. Berkshire’s Class A …

Officials: Woman Killed in Massachusetts House Explosion

An explosion possibly caused by a gas leak leveled a house in Somerset, Massachusetts on Thursday evening — killing a woman and her dog and damaging at least two nearby houses, officials said. Neighbors said they smelled natural gas before …

Equipment Breakdown Reinsurer to Pay Certificate, Inspection Costs

Mutual Boiler Re, a Malvern, Pennsylvania based equipment breakdown reinsurer, said it will now pay for its insureds’ boiler and pressure vessel certificate issuance fees and inspection costs in the nine U.S. jurisdictions that charge equipment owners directly for such …

Ohio Approves New Workers’ Compensation Deductible Program

The Ohio Bureau of Workers’ Compensation has created a new deductible program, the first-ever for BWC, it says will give employers better control of their workers’ compensation insurance spending and provide an incentive to promote workplace safety programs and services. …

China’s Dangerous Mines: 74 Die, 114 Injured in Latest Accident

A gas explosion ripped through a coal mine in northern China on Sunday, killing at least 74 miners and trapping dozens, state media said. It was the country’s deadliest coal mine accident in more than a year. China’s mines are …

Returning Florida Lawmakers’ Agenda Includes Property Insurance Woes

Florida Gov. Charlie Crist’s political mantra has been to hold down property insurance rates, taxes and almost anything else costly for people he wants voting for him next year. Whether Crist seeks re-election or Mel Martinez’s U.S. Senate seat, his …