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

Ensuring Communities

Journalists find cynicism comes easily. Nearly every day, we’re bombarded with a string of e-mails, press releases and clippings about different companies and individuals who have donated their time, money or both for something in their communities. “So what?” a …

Vermont Weighs Expansion of Workers’ Compensation Benefits

Vermont lawmakers will consider a bill that would extend workers’ compensation to cover mental and emotional problems suffered on the job. But the proposal is getting a cool reception from the insurance industry. State Rep. Paul Poirier, who helped create …

The Hartford Sues Virginia Firm to Limit Salmonella Claims

The Hartford has filed a lawsuit to determine whether it must pay claims filed by victims of a nationwide salmonella outbreak traced to the Virginia peanut butter maker it insures. Hartford, Conn.-based Hartford Casualty Insurance Co. filed suit earlier this …

Swimming Downstream: How a Regional Insurer Buy Others Through Demutualization

Donegal Group’s Strategy Has Helped It Grow From Writing in 1 State to 19 in 20 Years Even in a good economy, mutual insurers face challenges trying to raise the capital they need to grow since they don’t have any …

People

Andrew Fotopulos has joined Starkweather & Shepley Insurance Brokerage Inc. in Providence, Rhode Island as senior vice president. Fotopulos will lead the brokerage’s financial institutional practice. He will focus on providing specialized risk coverage designed for insuring financial institutions and …

Operational Efficiency Should Be Priority No. 3 for Agency Managers

Managing an independent insurance agency in the current hard economy and soft market requires agents to set priorities. In the Jan. 28, 2009, issue of Insurance Journal, Juan Andrade, executive vice-president for sales and distribution at The Hartford, identified customer …

Harleysville Premiums Up 5% in Q4; Combined Ratio 98.5%

Pennsylvania-based Harleysville Group Inc. (NASDAQ:HGIC) reported fourth quarter net written premiums increased 5 percent to $214.5 million in 2008, compared to $203.6 million in the same period in 2007. Net written premiums through 12 months were $904.4 million in 2008, …

Federal Jury Finds Former Alabama Insurance Exec Goff Guilty

A federal court jury in Montgomery has convicted Montgomery insurance executive John Goff. Jurors returned the verdict Tuesday morning in its second day of deliberations. Goff was found guilty of mail fraud, embezzlement and filing a false report with the …

New Hampshire Governor Wants Worker Charged with Fraud Suspended

New Hampshire Gov. John Lynch is calling for a state worker to be suspended after she pleaded guilty to insurance fraud in a previous job. Raye Ellen Douville is scheduled to be sentenced for insurance fraud in April after she …

Rynsard Named Senior Manager at Steamship Mutual

Steamship Mutual, a protection and indemnity club providing marine liability insurance worldwide, announced that Gary Rynsard will succeed James Stockdale as senior partner of Steamship Insurance Management and chief executive of Steamship Insurance Management Services Ltd, effective Aug. 20, 2009. …