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

All Risks Partners with Everest National on Architects/ Engineers Program

Hunt Valley, Md.-based All Risks Ltd. is offering professional liability insurance products designed for architects and engineers. All Risks Ltd. will serve as the program administrator for Everest National Insurance Co., rated by A.M. Best “A+” XV. Joe Schrancz has …

Kelly Named Chief Financial Officer at Worldwide Facilities

Los Angeles-based Worldwide Facilities Inc. has promoted Cameron Kelly to chief financial officer. He is located in Worldwide’s Los Angeles headquarters. Kelly will replace Gary Purvis, who served as Worldwide’s CFO for the past 8 years and who will continue …

Fremont Indemnity Co. Liquidation Settlements Amount to $37.3 Million

California Insurance Commissioner Steve Poizner announced that the California Department of Insurance Conservation & Liquidation Office (CLO) has settled four lawsuits that arose from the 2003 failure of Fremont Indemnity Co., a national workers’ compensation insurer that was headquartered in …

Michigan Businesses Believe Worst of Economic Recession Is Over

While Michigan’s small to mid-size businesses continue to express high levels of dissatisfaction with the economy, a recent survey found a sharp increase in the percentage of business owners who say they expect their bottom line will improve over the …

Gas Leak Caused Fatal North Carolina Slim Jim Plant Explosion

An explosion that killed three workers at a North Carolina Slim Jim plant was caused by a natural gas leak that ignited in a room housing vacuum pumps for sealing the snacks, authorities said Saturday. It will now be up …

Alabama Court Nixes $5 Million Obstretics Malpractice Award

The Alabama Supreme Court has overturned a multimillion-dollar verdict that a jury in Mobile awarded to a woman whose child died shortly after birth four years ago. The justices sided with Mobile OB-GYN in a malpractice lawsuit filed by Wendy …

Bankrupt Kentucky Jockeys’ Guild, Ex-CEO Settle Insurance Funds Dispute

The Jockeys’ Guild and its one-time head have settled a long-running legal dispute, removing one of the last obstacles to the organization closing its bankruptcy proceedings. The settlement filed Friday between the Nicholasville, Ky.-based group and former CEO Wayne Gertmenian …

Car, Home Insurance Rates in Georgia Rising

As Georgians struggle to cope with an ongoing recession, their car and home insurance rates are on the rise. Hit hard by storms and losses on Wall Street, insurance companies have been hiking their rates this year in Georgia and …

Alabama to Limit Out-of-State Evacuees Using Its Storm Shelters

Alabama has a message for its neighbors: Don’t count on us next time you need shelter from a storm. And it’s not because Louisiana evacuees made a mess last time they came. Gov. Bob Riley said that Alabama will take …

Arch Creates P&C, Professional Liability Underwriting Units

New York-based Arch Insurance Group has established two principal underwriting groups in its U.S.-based operations: the Arch Property & Casualty Group and the Arch Financial & Professional Liability Group. Michael Murphy has been named president of the Property & Casualty …