Monthly Archives: <span>March 2012</span>

Norman-Spencer Adds Keeter as Marine Insurance VP of Dealer Services

Norman-Spencer Agency Inc. announced that Phil Keeter has joined its Marine Insurance Services Division as vice president of dealer services. A formers marine dealer, Keeter retired as president of the Marine Retailers Association of the Americas (MRAA) in 2011 after …

Menary Named Grinnell Mutual VP – Direct Underwriting, Production

Jeff Menary has been named as vice president of direct underwriting and production at Iowa-based Grinnell Mutual. During Menary’s 32-year career at Grinnell Mutual he has served in a variety of roles including marketing representative, marketing and reinsurance services manager, …

Griffith Foundation Awards Nearly $32K in Scholarships

The Griffith Insurance Education Foundation, based in Columbus, Ohio, has awarded $31,700 in scholarships to 26 students at seven colleges and universities. The scholarships support students studying risk management, insurance or actuarial science. The Griffith Foundation has promoted insurance and …

Texas Mutual Insurance Co. Names Huckaby General Auditor

Workers’ compensation insurance provider Texas Mutual Insurance Co. has named Bill Huckaby as its new general auditor. Huckaby previously served as the company’s senior manager of finance and operations auditing. In his new role, Huckaby will report directly to Texas …

Oklahoma to Adopt ACORD Form for Loss Reporting

Oklahoma Insurance Commissioner John D. Doak announced from the 2012 National Tornado Preparedness Summit his intent to standardize Oklahoma’s insurance industry by utilizing ACORD’s 1 – Property Loss Notice form. “This form will allow citizens to fill out one form …

Confie Seguros Acquires Power Auto in California

New York, N.Y.-based Confie Seguros, a national provider of personal lines insurance focused on Hispanic consumers, acquired Power Auto Insurance, a privately-owned Cerritos, Calif.-based firm specializing in auto insurance. The purchase increases Confie’s retail presence and increases its California footprint …

‘Super Losses’ in Healthcare Sector Growing in U.S.: Hiscox

The overall cost and frequency of so called $50 million plus “super losses” in the U.S. healthcare insurance sector are on the rise. According to a report from specialist healthcare insurer Hiscox, the large losses keep on getting larger with …

Munich Re Confirms 2011 Profit at $937 Mn; Forecasts $3.3 Bn in 2012

Munich Re’s official results largely confirm earlier estimates, made at the beginning of February. The world’s largest reinsurer, however, hopes to do a good deal better in 2012 than it did last year. It’s forecasting a profit of around €2.5 …

South Carolina Jury Awards Family $700K in Deadly Crash with Deputy

A jury has awarded $700,000 to the family of a 21-year-old man killed in a head-on crash with a Colleton County deputy who was racing to check on a burglar alarm without turning on his emergency lights and siren. However, …

West Virginia Passes Ban on Texting While Driving

West Virginia lawmakers ended their 60-day legislative session over the weekend by passing agreements on fighting methamphetamine labs and targeting distracted drivers. A unanimous Senate vote and an 80-8 vote in the House of Delegates approved tighter purchase limits for …