Monthly Archives: <span>January 2010</span>

TriSystems Readies New ‘Cost-Effective’ Platform for Lloyd’s Brokers

Jeff Ward, a director of London Market reform technology specialists TriSystems, and his colleagues have been busy lately. They’ve been working on the latest version of an electronic communications service for London’s brokers. With the official launch planned for Fenruary …

Bill Filed in Oklahoma Would Allow Uninsured Vehicles to Be Impounded

Oklahoma State Rep. Steve Martin has filed a bill that would allow law enforcement officials to impound vehicles that are found to be uninsured. “This bill addresses one of the most consistent demands of voters in my district and across …

Louisiana Workers’ Comp Insurer Says Claims Fell 4% in 2009

Baton Rouge, La.-based LUBA Workers’ Comp policyholders’ claims fell more than 4 percent in 2009 compared with 2008. The company said several of the top categories of accidents dropped as well. Slips, trips and falls – the single biggest category …

Florida CFO Helps Customers Recover $22 Million from Insurers

The Department of Financial Services helped recover over $22 million for Florida’s insurance consumers in 2009, according to officials. The $22 million represents an increase from $14 million recovered in 2008. Florida CFO Alex Sink said one recent success story …

North Dakota Has 3rd Lowest Auto Insurance Rates, Commissioner Says

North Dakota Insurance Commissioner Adam Hamm says drivers in his state are still paying among the lowest auto insurance premiums in the nation, according to the “Auto Insurance Database Report 2006/2007” recently issued by the National Association of Insurance Commissioners. …

Lawmakers Press Treasury Secretary Geithner for AIG Testimony

Two prominent U.S. lawmakers Friday called for U.S. Treasury Secretary Timothy Geithner to testify to help determine if the New York Federal Reserve Bank improperly influenced insurer AIG to withhold information on its payments to banks after a government bailout. …

Kansas Insurance Department Recovers $15M for Consumers

The Kansas Insurance Department reports that it helped consumers recover more than $15 million through resolution of disputes with insurance companies in 2009. This is the second time in three years the department has topped the $15 million figure. The …

Denton to Lead Argo Group’s U.S. Specialty Property Initiative

Argo Group International Holdings Ltd. announced that its San Antonio-based Excess and Surplus Lines (E&S) business segment has appointed Michael Denton as senior vice president of its specialty property department. Denton brings to Argo 22 years of experience in the …

Lockton Re Adds Executives in Kansas City and New York

Privately owned, independent reinsurance brokerage Lockton Re has expanded its presence in the United States with the appointments of three new executives – Larry Hunter-Blank, Joe Zuk and Scott D. Polkinghorne at its offices in New York and Kansas City. …

Panel Restores Louisiana Agent’s License; Says No Evidence for Suspension

A Shreveport, La.-area insurance agent’s license was reinstated after an administrative law panel found no evidence that it should have been suspended by the Louisiana Department of Insurance. The department suspended the license of Tanya Mclain Weems in August 2009 …