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

All Risks, Avondale Form Joint Venture to Provide Additional Capacity in Fla.

All Risks, Ltd. has formed a joint venture with Avondale Insurance Associates. All Risks will be able to provide its retail insurance agents and brokers with significant additional capacity in the state of Florida, excluding the tri-counties: Dade, Broward, and …

More States Join Surplus Lines Tax Sharing Proposal

Four new members joined a surplus lines premium tax sharing agreement supported by state regulators this week, even while some predict confusion over a competing proposal may lead to the demise of any surplus lines multi-state premium tax sharing in …

Louisiana Workers’ Comp Medical Guidelines Now in Effect

Medical treatment guidelines have gone into effect for the treatment of workers’ compensation injuries in Louisiana. The guidelines are being instituted by the Louisiana Workforce Commission’s Office of Workers’ Compensation Administration. They were cleared to take effect following District Judge …

Missouri River Flood Protection Might Be Retained

Some Iowa officials say they’d like to keep in place temporary dikes, berms and levees that were hurriedly built to protect people and property from Missouri River floodwater. Woodbury County emergency management director Gary Brown says local governments and private …

Council OKs Southwestern Illinois Levee Upgrades

The people who oversee 64 miles of aging Mississippi River levees in southwestern Illinois have signed off on a $151 million plan to upgrade the barriers perhaps by 2014. The St. Louis Post-Dispatch reports the Southwestern Illinois Flood Prevention District …

USI Insurance Services Acquires Plumhoff & Associates

USI Insurance Services (USI), headquartered in Briarcliff, N.Y., has closed its acquisition of Plumhoff & Associates (Plumhoff), a Houston, Texas-based employee benefit brokerage firm specializing in corporate health and welfare benefits, executive benefits, and international benefits for upper middle-market businesses. …

Catastrophes Take Toll on EMC Insurance Group’s Q2 Results

EMC Insurance Group Inc., based in Des Moines, Iowa, announced that second quarter 2011 operating results will be negatively impacted by a record amount of catastrophe losses. It expects to report a second quarter 2011 operating loss in the range …

Large Named Midwest Executive for Eastern Alliance Insurance Group

Eastern Insurance Holdings Inc. (EIHI) announced that Mort Large is joining Eastern Alliance Insurance Group (EAIG) as the regional business executive for the Midwest territory. Mike Michael, the current regional business executive, will retire from the company in September 2011. …

Moody’s Affirms California Earthquake Authority Bonds

Moody’s Investors Service has affirmed the A3 rating on the California Earthquake Authority’s (“CEA”) 6.169% fixed rate Series 2006-B revenue bonds (mature July 20, 2016) and changed the rating outlook to stable from negative. The outlook change reflects CEA’s maintenance …

SullivanCurtisMonroe Hires New VP in Irvine

Southern California’s SullivanCurtisMonroe Insurance Services, LLC, is pleased to announce the arrival of Jacqueline Scott, vice president, to its Irvine Office. SullivanCurtisMonroe, a full service, insurance agency focused on middle market companies, has offices in Irvine, Pasadena, and Corona, CA. …