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

Business Moves

Progressive Progressive said it will begin offering motorcycle and RV insurance in Massachusetts. The Mayfield Village, Ohio-based insurer said it will offer the coverage through its Web site as well as through independent insurance agents. The addition of these coverage …

People

New York-based Delos Insurance Group has named Alex A. Hammett senior vice president and chief actuary. In his new role, Hammett will oversee all actuarial functions within Delos, which specializes in program business insurance. Hammett has over 15 years of …

09.13.08, Hurricane Ike: Must See TV

For Galveston, Texas, and nearby coastal areas, the recovery from Hurricane Ike, the massive storm that devastated the Texas coast on Sept. 13, 2008, has been a slow and painful process. Now, a powerful new documentary co-produced by the Insurance …

Great American Insurance Launches Equipment Management Unit

Cincinnati, Ohio-based Great American Insurance Group has launched Equipment Management Solutions, a new business service specializing in equipment maintenance management services. According to the company’s announcement, Equipment Management Solutions (www.GreatAmericanEMS.com) provides a way for businesses to consolidate multiple equipment maintenance …

Would Gramm Leach Bliley Pass Sen. Gramm’s Own Test?

Remember the good old days when customers knew their bankers and property owners knew who held their mortgages? Remember the good old days when banks were in banking and insurance companies were in insurance and investment firms were in securities? …

Oklahoma Wildfire Damage Estimates Increased to $30M

An Oklahoma insurance official says insured losses from recent wildfires that destroyed more than 100 structures in Oklahoma are expected to reach $30 million. Assistant Insurance Commissioner Marc Young says that figure is based on tracking information from major carriers …

California Low-Cost Auto Program Available in Palm Springs

In light of skyrocketing unemployment rates and harsh economic conditions, California Insurance Commissioner Poizner offered struggling Palm Springs residents an affordable automobile insurance option through the California Low Cost Automobile Insurance program. “With unemployment hitting 12.6 percent in Riverside County, …

Texas High Court Rules Against Insurer in Fleeing Truck Case

The Texas Supreme Court has ruled that an insurance company must pay a family’s claim over a child critically injured by a truck that was fleeing from police. The child’s parents, Greg and Maribel Tanner, sued the speeder, who was …

University of Hawaii Looking at New Insurance Program

The University of Hawaii will conduct a feasibility study to determine the viability of establishing and operating an owner controlled insurance program. The study was approved by the UH Board of Regents. Such a program would provide an array of …

Risk Factors for Technology Industry Changing with the Economy

Today’s technology leaders face challenging times in unprecedented circumstances. Many of the risk factors that topped the list of greatest concerns for tech companies — foreign competition, intellectual property infringement, development of new products and services and talent attraction and …