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

IMA of Texas Hires 3 Business Development Leaders

IMA of Texas Inc., a retail insurance broker and risk management firm based in Dallas, has added three new directors of client service. Drew Lambert joined IMA as director of client services and integrated health and benefits consultant. William Spain …

Westfield Insurance Gives $20K in Arson-Fighting Gear to Ohio City

An Ohio-based insurance company is donating more than $20,000 worth of arson investigation gear to Toledo, which has seen a rash of vacant house fires. Westfield Insurance says the gift presented to the city on Tuesday includes still and video …

Late Filings of Surplus Lines Policies Draw Fines in Texas

If enforcement actions taken by the Texas Department of Insurance this year in response to late filing of surplus lines insurance policies with the state stamping office were meant to capture the attention of managing general agents doing business in …

Michigan’s Accident Fund Honored by Lansing Regional Chamber

Lansing, Mich.-based workers compensation insurer Accident Fund Insurance Co. of America, was one of four Lansing-area businesses recently recognized for significant investment in the greater Lansing region by the Lansing Regional Chamber of Commerce at its fifth annual “Celebration of …

Workers’ Compensation Fees Would Cost New York Drivers, Insurers Warn

Proposed 30 percent increases in what medical providers in New York are paid for treating workers’ compensation injuries could have unintended consequences for the state’s motorists, an industry group has warned In a letter to the New York State Workers …

Best Affirms Lloyd’s Syndicate 33 (Hiscox) ‘A’ Ratings; Outlook Stable

A.M. Best Europe – Rating Services Limited has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 33, which is managed by Hiscox Syndicates Ltd (HSL). Best has also affirmed the …

Best Affirms Hiscox Operating Companies ‘A’ Ratings; Outlook Stable

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Hiscox Insurance Company (Bermuda) Limited, UK-based Hiscox Insurance Company Limited (Hisco) and Hiscox Insurance Company …

S&P Raises ProAssurance Rating One Notch to ‘BBB’; Outlook Stable

Standard & Poor’s Ratings Services has raised its counterparty credit rating on ProAssurance Corp. to ‘BBB’ from ‘BBB-‘ with a stable outlook. S&P said the upgrade “reflects our view of PRA’s financial profile, supported by its strong operating performance, capital …

Appel to Leave Aon

Aon Corp. reported that Andrew Appel, the firm’s chief operating officer, will be leaving the company at the end of the year. The company said that at the present time there are no plans to fill the position upon Appel’s …

Mina Named Managing Partner for Willis of Maryland

John Mina has been appointed managing partner at Willis of Maryland, Inc. Mina will be responsible for business development for Willis’ Washington, D.C.-based insurance brokerage operations. He will be based in Potomac, Md. Willis of Maryland has more than 100 …