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

Momentous Insurance President Honored; Company Adds Assistant VP

Van Nuys, Calif.-based Momentous Insurance Brokerage Inc. President Diane Brinson has been nominated for the Women Making a Difference award in the Owner/CEO category by a California newspaper. According to the company, Brinson was nominated because she is the only …

Agents: Last Chance to Rate Regional Carriers in Insurance Journal-Sponsored Research

Channel Harvest Research and Insurance Journal have announced a major new study in the Independent Agency System will be closing soon. Agents still have an opportunity to take the survey, which is probing their attitudes toward carrier relationships and the …

California Insurance Department, Delegata Win Technology Award

The California Department of Insurance and Delegata, a technology consulting firm, have been named recipients of the 2009 Best Solutions Award at the Government Technology Conference. CDI partnered with Delegata to design, develop and implement the Online Assistance System for …

DCAP Morphs from Agency Franchiser into Insurer

DCAP Group Inc., an upstate New York franchiser of independent agencies, is ditching its franchise insurance business as part of a strategic move to exit the retail insurance business as it morphs into a reconstituted property/casualty insurer. The move comes …

Murray Joins California Workers’ Comp Insurance Rating Bureau

California Insurance Commissioner Poizner announced that he has appointed Michael Joseph Murray of Danville, Calif., to the Workers’ Compensation Insurance Rating Bureau Governing Committee. Since 2001, Murray has served as CEO of the Forma Group, a manufacturing company based in …

AIG Leaders Grilled on Bailout Repay at Congressional Hearing

American International Group Inc. CEO Ed Liddy met some harsh criticism at a congressional hearing on Wednesday as lawmakers demanded answers on the taxpayer bailout of the giant insurer. Rep. Dennis Kucinich wagged his finger at Liddy, who was brought …

EPIC Appoints Principals in San Mateo, San Francisco

E.P.I.C. (Edgewood Partners Insurance Center), a retail property, casualty and employee benefits insurance brokerage, has appointed Denise Vance as principal in its San Mateo, Calif., office and appointed Scott Gaddy as principal in its San Francisco office. Vance brings 23 …

Ratings Roundup: AXA Canada, Orkney Re II, Ajax Re

A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of AXA Assurances Inc. Of Montreal, Quebec and its wholly owned subsidiaries, AXA Insurance (Canada), AXA Pacific Insurance Company, AXA …

Mt. Diablo Chartered Property Casualty Underwriters Society Elects Officers

The Mt. Diablo Chapter of the Chartered Property Casualty Underwriters Society has elected its new officers for 2009. New officers are: President Darcena Shears of BB&T Tanner Insurance Services; President-Elect Susan Bohan of Dealey, Renton & Associates; Vice-President Renee Rupe …

Obama Opposes Expanding Flood Insurance Program to Cover Wind Damage

The Obama Administration has come out in opposition to expanding the federal flood insurance program by letting it add coverage for wind damage. The administration said it opposes the expansion because it would further burden the debt-ridden flood program and …