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

Willis Appoints Harris Sr. VP

Willis, the global insurance broker, has named Mark Harris senior vice president in the company’s Risk Specialties Practice in Chicago. He will be responsible for business development with a focus on Fortune 1000, middle market, law firms and other professional …

Insurance Regulator Oxendine Leads in Republican Race for Governor

Georgia Insurance Commissioner John Oxendine is the apparent leader in the race for the Republican nomination for governor in a just-released poll. The latest poll shows Oxendine with 31 percent of the vote to 23 percent for former Secretary of …

North Carolina Crime Rate Down

Law enforcement officials say North Carolina’s crime rate in 2009 was the lowest in a quarter-century. The statistics released by the office of Attorney General Roy Cooper show particlar improvements in violent crimes. Murders were down 19 percent and robberies …

Gulf State Residents Relieved But Wary Over BP Oil Well Fix

News that oil has stopped leaking from BP’s blown-out well into the Gulf of Mexico spread a wave of relief Thursday among coastal residents, but it failed to dispel concerns about the disaster’s long-term impact. “I tell you what, we …

Davis Honored with Insurance Council of Texas’ Raymond Mauk Award

Will Davis, a partner with the law firm of Thompson, Coe, Cousins and Irons LLC, has been presented the Raymond Mauk Leadership Award at the Insurance Council of Texas’ 18th Annual Mid-Year Property and Casualty Symposium in Austin. Davis becomes …

How Financial Reform Package Affects Insurance, Surplus Lines

The Senate has passed the Dodd-Frank financial services reform package that will have some impact on the insurance industry and add involvement by the federal government in the state-based insurance regulatory system. The 2,300-page bill, which passed the Senate by …

Texas Mutual Urges Worker Safety During Gulf Shore Cleanup

Now in its third month, the Gulf Coast oil spill has created many safety hazards for wildlife and for people involved in cleanup efforts. Workers’ compensation insurance provider Texas Mutual Insurance Co. urges employers and employees helping out with the …

Ohio Tornadoes Cost Home, Business Owners $22M

The insurance industry says a storm and tornadoes that ripped through northwest Ohio in early June caused at least $22.1 million in damage for homeowners and business owners. The totals by the Ohio Insurance Institute don’t include the costs of …

Conviction of Adviser Upheld in Fraud of Ohio Work Comp Agency

A federal appeals court has refused to allow a new trial for an investment adviser serving 12 years in the loss of $216 million at the state agency for injured workers. The three-judge panel of the 6th U.S. Circuit Court …

NYMAGIC’s Ratings ‘Unchanged’ Says Best by ProSight Acquisition

A.M. Best Co. has commented that the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of New York Marine Group and its members and the ICR of ‘”bbb’” of its ultimate holding company, NYMAGIC, …