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

Medicus Insurance Appoints Roque as Southeast Market Manager

Austin, Texas-based medical professional liability insurance carrier, Medicus Insurance Co., has hired Michael Roque as Regional Market manager for the Southeast region. Roque has been actively building a network of healthcare providers and agents in the Southeast territory, as Medicus …

Missouri Hospital Plan to Pay $13.9M Dividend to Policyholders

Medical malpractice insurer, Missouri Hospital Plan, announced that it will pay a record dividend of $13.9 million to its Missouri policyholders in July. Missouri Hospital Plan is a membership association that insures not-for-profit Missouri hospitals and their employed physicians. Its …

New York City Agency Buys Brooklyn Competitor

In a merger of two Brooklyn agencies, Apex Brokerage Inc. has acquired Brighton Brokers Corp. Terms of the deal were not disclosed. Apex was founded in 1992 and is headed by Anthony Calafiore, a former president of the Council of …

Federal Judge Approves $72M Insurance Settlement with The Hartford

A federal judge has given preliminary approval to a settlement under which The Hartford Financial Services Group Inc. will pay $72.5 million to more than 21,000 people nationwide who alleged the insurer engaged in fraud in settling their injury claims. …

Jardine Named as New Deputy Chairman by Council of Lloyd’s

Lloyd’s announced that Paul Jardine from Catlin Syndicate Limited will become a Deputy Chairman of The Council of Lloyd’s following Ewen Gilmour’s retirement from the position earlier this month. Jardine, currently Chief Operating Officer of Catlin Underwriting Agencies, has more …

Ratings Roundup: Farmers Mutual (N.Z.), Shore Re, NGI

A.M. Best Co. has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and the issuer credit rating to “a” from “a-” of New Zealand’s Farmers’ Mutual Group (FMG or the group) and its subsidiary, FMG Insurance Limited …

Best Affirms ‘A+’ Ratings of Canada’s Intact Insurance Group

A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Intact Insurance Group and its members: Belair Insurance Company Inc. (Montreal, Quebec), Intact Insurance Company, Novex Insurance Company, The Nordic …

iPipeline Awarded Patent for Computer Method for Insurance Applications

iPipeline, which supplies on-demand software to insurance carriers and producers, reports it has been granted a U.S. patent for its computerized method for preparing insurance applications. Under the method covered by patent, the completion of an insurance pre-application can be …

Latta Insurance Becomes Keystone’s 17th Kentucky Agency

Latta Insurance Services Inc. of Henderson, Ky., has become Keystone Insurers Group’s seventeenth franchise partner in Kentucky. Latta Insurance Services President Williams S. Latta announced the new arrangement jointly today with Keystone President David Boedker. Latta Insurance has served western …

Obama Demands BP Set Up Independent Account for Oil Claims

President Barack Obama, seeking to demonstrate strong leadership on the Gulf of Mexico oil spill, will demand today that BP set aside billions of dollars to pay damages from the catastrophe. A day after he vowed to fight the spill …