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

IPFS Corp. Combines Companies to Launch New Premium Financing Brand

IPFS Corporation has launched Imperial PFS, a new brand that combines Premium Financing Specialists (PFS) and Imperial Credit Corporation (ICC). Part of the same group following an acquisition one year ago, the two organizations have operated as separate businesses until …

Reversing Itself, Illinois House Passes Workers’ Comp Legislation

In a reversal, the Illinois House of Representatives has passed a measure that aims to reform the state’s workers’ compensation system just days after it rejected a previous version of the legislation. The Illinois Workers’ Compensation Commission reported that lawmakers …

AmWINS Group Benefits Enhances International Travel Insurance

AmWINS Group Benefits has launched a newly enhanced No Borders, a suite of international benefit products providing coverage for international assignees and for those living and traveling abroad for work or leisure. AmWINS Group Benefits provides a patient advocacy service …

Ironshore Europe Expands, Opens Office in London

Ironshore Europe Limited, domiciled in Dubin, Ireland, has received approval from the Central Bank of Ireland, to open a branch office in London. Paul Betts, has been named the London Branch Manager and will lead the London initiative, reporting to …

United Fire Anticipates Up to $35M in Q2 Losses from Spring Storms

Cedar Rapids, Iowa-based United Fire & Casualty Co. announced that it expects its second quarter results through May to include pre-tax catastrophe losses, net of reinsurance, of approximately $30 million to 35 million. These losses include $7 million to $9 …

Feds Propose Privacy Rule on Medical Records

Patients could obtain a list of everyone who has accessed their electronic medical record under a rule proposed on Tuesday by the U.S. Department of Health and Human Services. Healthcare providers must currently keep track of everyone who accesses private …

CAMICO Reports 9% Growth in Policyholder Surplus

CAMICO, the nation’s largest CPA-focused program of professional and employment practices liability insurance for the accounting profession, has posted a gain of $3 million in policyholders’ surplus for the year ended Dec. 31, 2010. CAMICO’s 2010 financial statement shows $945,000 …

The Gibraltar Group Launches New Programming for Investment Groups

The Gibraltar Group, a full-service risk management and commercial insurance firm based in Lubbock, Texas, is now providing specialized risk management consultation and services for investment groups. Gibraltar is leveraging its diverse industry experience and its exclusive Active Risk Management …

Texas Insurance Executive Named President of Surety Bond Producers Association

John M. Rindt, executive vice president of the Surety Division of JDW Insurance, an El Paso, Texas-based insurance agency, has been installed as the president of the National Association of Surety Bond Producers (NASBP). The NASBP is an international trade …

Use of Credit-based Insurance Scores Upheld in Texas

Texas law permits an insurer to use race-neutral factors in credit scoring to price personal lines of insurance. That’s the conclusion the Texas Supreme Court came to in considering a certified question from the Ninth Circuit court in a class …