Monthly Archives: <span>March 2011</span>

Chrysler Recalls Vehicles due to Engine Shutoff Risk

Chrysler Group LLC recalled more than 248,000 crossover wagon and minivans because of a defect that could allow the key to slip while driving, causing the engine to shut down without warning. The affected models are the Dodge Journey crossover …

Former Rhode Island Town Councilman Admits Taking Bribes

A former North Providence town councilman has pleaded guilty to corruption charges, admitting he solicited tens of thousands of dollars in bribes in exchange for votes to approve zoning changes as well as his role in an unrelated insurance fraud …

Main Street Insurance Agencies Elects New Officers

Main Street Insurance Agencies, an alliance of agencies in Massachusetts, has elected new officers. Colleen Herlihy, Herlihy Insurance Group in Worcester, was elected president. Vice presidents are Thomas F. Bagley III, of Anderson, Bagley & Mayo Insurance Agency in Leominster; …

Align Adds Parrish to Professional Liability Unit

Align Financial Group Inc. announced that Joshua Parish has joined the firm as vice president of the company’s newly acquired professional liability subsidiary, E.L.M. Insurance Brokers. Parrish will establish and manage a new branch office for the company in San …

Ratings Recap: First Hawaii, Cumberland, Seven Seas, Main Street

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of First of Hawaii Group and its members. The outlook for all of the ratings is stable. Best said the …

IMA Benefits Promotes Four

IMA Benefits, the benefits practice for retail insurance broker IMA Inc., announced that Tracy McConnell and John Kirke were promoted to director of health innovation. Additionally, Dale Curtis was promoted to director of voluntary benefits and ERISA compliance. and Cathy …

Best Affirms CNA and Subs Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of CNA Insurance Companies and its P/C members, as well as the ICR of “bbb” and debt ratings of CNA …

Heffernan Insurance Picks Nokes to Lead Orange, Calif., Office

Heffernan Insurance Brokers has hired Ed Nokes to lead its Orange, Calif., office. As senior vice president and branch manager of the insurance brokerage’s Orange operations, Nokes will be responsible for developing new business in Southern California. Nokes joins Heffernan …

Tennessee Sets Deadline for Claims Against 3 Shuttered Insurers

A Tennessee judge has set May 16 as the final date to resolve all outstanding claims against three insolvent risk retention groups that were closed in 2003 after the failure of their Virginia reinsurer, Reciprocal of America. Three Tennessee companies …

Stempel to Manage New Crawford Office in Panama

Crawford & Company announced that it has established an office in Panama City, Panama, and named insurance executive Miguel Stempel as its manager of operations in the country, in order to “serve a growing insurance market.” Stempel will be responsible …