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

Bid to Create North Carolina Rate Commission Fails

Senators have removed a North Carolina budget proposal provision that sought to shift decisions on insurance rates to the hands of a seven-member board. The Senate Appropriations Committee voted to delete lines that would have abolished authority of the insurance …

Thomas Named Marketing Head at Millers Capital in Pennsylvania

Pennsylvani-based insurer Millers Capital Insurance Co. has named Tamrah Grae Thomas as vice president and chief marketing officer. She has more than thirteen years experience in the property and casualty insurance industry, having most recently served in the area of …

John M. Glover Agency Acquires APS San Angelo in Connecticut

John M. Glover Agency has acquired APS San Angelo Insurance Agency based in Waterbury, Connecticut. Terms of the deal were not released. APS San Angelo has been doing business in the Waterbury area for over 50 years. John Forlivio, president …

CCIR Commends EU for Opposing US Reinsurance Proposals

The Coalition for Competitive Insurance Rates (CCIR) has issued a bulletin commending the European Union for “speaking out against a controversial tax proposal on affiliated reinsurance included in President Obama’s FY2011 budget proposal. In a series of letters sent to …

Best Affirms Platinum’s ‘A’ Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Platinum Underwriters Group and its members. Best also has affirmed the ICR of “bbb” of Platinum Underwriters Holdings, …

Bowring Marsh Opens Tokyo Office

Bowring Marsh, the Specialist International Placement Broker at Marsh, has expanded its Asian presence with the opening in Tokyo of its eighth office, which will specialize in property, earthquake and business interruption risks. Marsh said the office will “place large …

Aon Benfield Broadens Academic, Industry Research Collaboration

Aon Benfield announced that it is “broadening its capabilities and bringing together its academic and industry research relationships under one banner – Aon Benfield Research.” Aon said the team will deliver “relevant research material and help re/insurers enhance their understanding …

GAB Robins Launches Broker Services at BIBA 2010

GAB Robins announced that it is launching a suite of Broker Services to “help intermediaries work more efficiently and enhance the standard of their claims services for their clients at this year’s British Insurance Brokers’ Association (BIBA) conference.” The system …

High Uninsured Rate in Dallas Pushing Employer Premiums Higher

HealthLeaders-InterStudy, a Nashville, Tenn.-based provider of managed care market intelligence, reports that the high uninsured rate in the Dallas, Texas, area is contributing to an increase in premiums employers pay to provide health benefits for their employees. According to the …

National Association of Insurance Women Calif. South Bay Chapter Elects Officers

The California South Bay Chapter of the National Association of Insurance Women (International) elected its offices for the 2010-2011 term, begining July 1. Elected for a second term of office as president is Carleen Armstrong, commercial accounts manager with Driscoll …