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

Perschetz Joins Baker & Daniels

Arthur D. Perschetz has joined Baker & Daniels as counsel in the law firm’s insurance and financial services group. He will also serve as a senior adviser with B&D Consulting, an advisory and advocacy division of Baker & Daniels. Perschetz …

IMA Adds Allen, Davies-Downing in Wichita, Kansas, Office

Mark Allen and Christy Davies-Downing have joined the Wichita, Kan., office of insurance broker IMA Inc. as sales executives. Allen has extensive sales experience as an entrepreneur and in other industries including technology. He holds a bachelor’s degree in business …

Prime Insurance Syndicate, Inc. Jury Verdict Rules in Favor of Insurer in Hurricane Katrina Claim

Reassured by jury’s unbiased decision Chicago, Illinois and Salt Lake City, Utah (January 27, 2010). Prime Insurance Syndicate, Inc. was successfully defended in a Hurricane Katrina lawsuit in the United States District Court for the Southern District of Mississippi. This …

Kansas State Fair Wants to Opt Out of Workers’ Comp Pool

Kansas State Fair officials are asking the legislature to allow the fair to opt out of the state workers’ compensation insurance pool. Fair officials want to be able to buy insurance from a private company, but state law requires state …

Audit Questions Security of Louisiana Citizens’ Computer Systems

Louisiana’s property insurer of last resort allowed too much access to computer systems, opening the door for potential fraud, and failed to take enough steps to make sure that policy applicants were eligible for coverage, according to a state audit …

EAGiL Acquires Goebel Insurance Agency

Goebel Insurance Agency of Philadelphia has been acquired by Eagil Financial Group, a New Jersey-based firm that provides financial planning services to high net worth clients. Financial details of the transaction were not released. Guy E. Runyon, president and CEO …

A.M. Best Downgrades Michigan Millers Mutual Insurance Co.

A.M. Best Co. announced it has downgraded the financial strength rating (FSR) to B++ (Good) from A- (Excellent) and issuer credit rating (ICR) to “bbb+” from “a-” of Michigan Millers Mutual Insurance Company (Michigan Millers) of Lansing, Mich. The outlook …

Water, Wind and Hail Common Claims in Texas; Liability Costly for Individuals

Water, wind and hail damage top the list of most common homeowner insurance claims in Texas, according to a review by Allstate Insurance Company of aggregated insurance carrier claims data. Allstate assessed data from 2000 – 2007 and found that …

Idaho Insurance Department Recovers Over $4 Million

The Idaho Department of Insurance reported it has recovered more than $4 million for Idaho consumers in 2009, by helping hundreds of Idahoans settle disputes with insurance companies. According to DOI Director Bill Deal, complaints are received on all lines …

Agricultural Injuries Account for 5.5% of Calif. Workers’ Comp Claims

Agricultural claims cost the California workers’ compensation system $1.46 billion in loss payments, according to a recent “Industry Scorecard. According to the Scorecard, which provides data on accident year (AY) 2000 to 2008 claims experience among agriculture workers in California, …