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

Allstate Opens Offices Across the West

Independent agents in the West may soon see more competition. Allstate Insurance Co. announced it is expanding its presence in the West, by opening 10 offices in Nevada, 10 offices in New Mexico, 20 offices in Arizona and 15 offices …

San Diego Insurance Association Offers Scholarships

The San Diego Chapter of The Chartered Property Casualty Underwriting Society is announcing a Scholarship Program for candidates enrolled in the CPCU exam series. Candidates for the scholarship must submit an application, an essay and a letter of recommendation to …

Medicus Insurance Decreases Rates 6.7% In Nevada

The Nevada Division of Insurance has approved an overall rate decrease of 6.7 percent for physicians and medical professionals insured by Medicus Insurance Co. “Our claims experience in Nevada has been exceptional,” noted Jeff Weigl, chief underwriting officer at Medicus. …

Barney & Barney Named A “Best Place to Work” in San Diego

San Diego-based Barney & Barney LLC, a privately-held insurance brokerage, was named one of San Diego’s “Best Places to Work” in the Large Business Category in a local business newspaper’s awards program. The award rankings were based largely on the …

Insurance Women Associations in San Diego Elect New Officers

The Insurance Women of North San Diego County, (IWNSD) affiliated with the National Association of Insurance Women International, has elected its officers for the 2009-2010 term. Officers are: President Pamela Holt, Vice President Carola Erb of Dale Long, State Farm …

Farmers Promotes Sadler to President of Bristol West Holdings

Robert Sadler, chief financial officer of Bristol West Holdings Inc., a subsidiary of Farmers Group Inc., has been promoted to president of Bristol West. Sadler joined Bristol West Holdings Inc. in 2001 as senior vice president – Marketing. In December …

Ratings Roundup: Gulf Re, Toa Re, MS Frontier

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of the United Arab Emirates-based Gulf Reinsurance Limited with stable outlooks. “The ratings reflect the company’s excellent projected risk-adjusted capitalization, good projected …

Only 2 Florida Domestic Insurers Lose Demotech Ratings Thus Far

Two domestic property insurers no longer writing in the state — one by choice, the other forced– are the only two Florida insurers negatively affected thus far by a rating agency’s review of small domestic insurers. In a May 21 …

Surplus Lines Regulation Reform Legislation Reintroduced in Congress

Legislation aimed at making access to the surplus lines market more efficient and help standardize state insurance regulation has been introduced again in the U.S. House of Representatives. Reps. Dennis Moore, D-Kan., and Scott Garrett, R-N.J., members of the House …

Oklahoma Gov. Signs Comprehensive Tort Reform Legislation

After years of wrangling between Republican and Democratic lawmakers in Oklahoma over lawsuit reforms in the state, Gov. Brad Henry has signed into law tort reform legislation aimed at curbing frivolous lawsuits and reducing costs associated with the justice system. …