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

Insurance Women Associations Elect New Officers

The Insurance Women of San Gabriel Valley, Calif., a local chapter of the National Association of Insurance Women International, recently elected its 2009 – 2010 officers. The local association serves members who live and work in the San Gabriel Valley …

NIP Expands Contractors’ Program Into 9 New States

Woodbridge, N.J.-based NIP Programs, a division of NIP Group Inc., is expanding coverage for its SitePro insurance program into nine new states. The SitePro program is a specialty insurance program designed specifically for excavation, site preparation, land improvement, grading of …

Ratings: US Liability, Commercial Casualty, Stonetrust, Continental American, Prime Group, American Agri

A.M. Best Co. has affirmed the financial strength rating of ‘A++’ (Superior) and issuer credit rating of “aa+” of United States Liability Insurance Group and its members. The outlook for all of the ratings is stable. The ratings reflect US …

Universal Insurance Holdings To Purchase ICAT Specialty Insurance

Universal Insurance Holdings of North America and ICAT Holdings LLC of Boulder, Colo., have received regulatory approval that completes Universal North America’s purchase of ICAT Specialty Insurance Co. (ISIC). Under the terms of the agreement, Universal North America will acquire …

Katz Named CEO of American Agricultural Insurance Co.

The American Agricultural Insurance Company (AAIC), based in Schaumburg, Ill., has appointed Janet S. Katz as the company’s new executive vice president and chief executive officer, effective July 1, 2009. Katz is a 20-year veteran of AAIC. She joined the …

Crist Veto of Condo Insurance Bill Disappoints Unit Owners, Agents

Florida Gov. Charlie Crist’s veto of a condo insurance bill has disappointed condo unit owners and insurance agents who must comply with what they say is a costly and confusing existing law that would have been modified by the vetoed …

Lawmakers: South Dakota Cell Phone Rules Might Be Tried Again

As other states begin passing cell phone laws, South Dakota lawmakers say they won’t be surprised if legislation to ban or limit the use of cellular phones while driving arises again in the next state legislative session. “I do feel …

California Insurance Commissioner To Hold Workers’ Comp Hearing

California Insurance Commissioner Steve Poizner will be hosting a Claims Cost Benchmark hearing to further investigate workers’ compensation medical costs today,at 1 p.m., June 1, 2009, in Sacramento, Calif. The agenda is scheduled to allow representatives from all areas of …

New Non-Profit Supports Insurance Education in Texas

A group of Texas-based insurance industry professionals in late May announced the launch of a new non-profit group, the sole mission of which is to support insurance education in the state of Texas. The Texas Risk and Insurance Professional Society …

Families Fight Ohio Uranium Plant Workers’ Compensation Ruling

Relatives of workers who died of exposure to radiation or toxic materials at a Cold War-era uranium enrichment plant in Ohio are fighting a ruling by state officials that keeps them from receiving workers’ compensation death benefits. They say they …