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

Yates Taps Louie for Northern California Office

Dotson Louie has joined Tustin, Calif -based managing general agent Yates in its Walnut Creek, Calif. office. Louie spent the past 11 years at a national wholesale MGA. Louie, who has a broad background in commercial property/casualty as well as …

Golden Bear Opens First Office in Pacific Northwest

Stockton, Caif.-based Golden Bear Insurance Co. has opened its first office in the Pacific Northwest. The new office is in Edmonds, Wash. It was opened by Golden Bear Vice President Carl Heckman and his team, and Sarah Cress and Kim …

Conn. Seeks to Recapture Role as Insurance Capital

The city of Hartford, Conn., is trying to recapture its status as the nation’s insurance capital by drawing in a specialized insurance business that is finding a home elsewhere. Since the 18th century, Hartford β€” home to Aetna Inc., Cigna, …

AIG, Marsh & McLennan Q4 Earnings Improve

American International Group AIG reported a $19.8 billion profit for the 2011 fourth quarter, boosted by $17.7 billion in tax benefits. AIG said it has determined that it is likely to be consistently profitable in the future and thus released …

Marsh & McLennan CFO Wittman Resigns for Senior Role at Google

Marsh & McLennan Companies announced that Vanessa Wittman, the company’s executive vice president and chief financial officer, is resigning for a senior role at Google Inc. Wittman will assist the company in the transition of her responsibilities until later this …

N.Y.-based Preferred Concepts Names VP to Lead Online Business Unit

Preferred Concepts LLC, a national insurance program administrator and specialty broker, appointed Georgeanna Munger as vice president to manage the company’s ezumbrella.com business unit. Munger will lead ezumbrella.com’s underwriting and customer service operations. She is based in New York and …

Oklahoma House Panel Votes to Close Daycare Insurance Loophole

An Oklahoma House of Representatives committee has voted to close a loophole in state law, ensuring that all daycare facilities have liability insurance. House Bill 1848, by state Rep. Mike Shelton, eliminates an exemption that allowed home-based daycare facilities to …

Woods Appointed Chief Medical Officer at Ohio Work Comp Bureau

Dr. Stephen T. Woods, M.D. has been named medical director at the Ohio Bureau of Workers’ Compensation (BWC). Woods will be responsible for providing direction in the development of medical policy and oversight for all medical components of BWC. Woods …

Centauri Insurance Offers Homeowners Coverage in Louisiana

Centauri Insurance, a homeowners insurance carrier based in Sarasota, Fla., is now providing homeowners insurance coverage in Louisiana. Centauri Insurance also expects to add more products, including renters and dwelling fire insurance in Louisiana. Additional expansion into other states is …

Cost of North Dakota’s Souris River Flood Plan: $820M

A long-term Souris River flood protection plan in North Dakota could cost $820 million. Engineers have released their 1,500-page proposal to protect areas from Burlington through Minot to Velva, and also Mouse River Park in Renville County. It would cost …