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

DTRIC Insurance Launches Usage-Based Auto Insurance in Hawaii

DTRIC Insurance will begin offering Akamai Rater, Hawaii’s first program that aligns individual driver behavior with auto insurance rates. DTRIC’s Akamai Rater uses a small, in-vehicle telecommunications device to capture information on a number of driving variables, including aggressive driving, …

PURE Expands Coverage to High-Net Worth Individuals in Oklahoma

Privilege Underwriters Reciprocal Exchange, a policyholder-owned property/casualty insurer that exclusively caters to high net worth individuals and families, has announced that it will begin accepting new members (policyholders) in Oklahoma. PURE offers a suite of insurance products designed for successful …

MJ Insurance Adds Howard to Corporate IT Department

MJ Insurance has added Andrew Howard in its Indianapolis headquarters to serve as IT engineer and IT Department manager for MJ’s Indianapolis and Phoenix locations. Howard brings more than 15 years of information technology and project management experience to MJ …

RLI Promotes Both Klobnak and Randall to Vice President, Risk Services

Specialty insurer RLI Corp., based in Peoria, Ill., has promoted both Jennifer Klobnak and Chris Randall to vice president, Risk Services. The RLI Risk Services Group provides underwriting, pricing, reserving and risk modeling solutions and support to RLI product divisions. …

License of Bismarck Insurance Agent Revoked

North Dakota Insurance Commissioner Adam Hamm has revoked the license of Brent Kitzan, a Bismarck insurance agent. The revocation bars him from selling, soliciting or negotiating insurance in North Dakota. Kitzan was arrested in July 2012 and charged with 14 …

The Hartford Reports $101M Q2 Loss for Debt Payoff

The Hartford Financial Services Group Inc. reported a $101 million second-quarter net loss Wednesday, a consequence of paying off a huge debt to Allianz SE. Retiring the debt is part of the insurer’s continuing effort to refocus its priorities on …

What is insurance anyway?

A friend involved in the crop insurance industry recently wrote to me taking issue with a reference I had made proposed shallow loss “insurance” (my words) program in the farm bill currently pending before Congress. My friend pointed out that …

North Carolina Agent Arrested, Charged With Insurance Fraud

North Carolina regulators announced this week that a local insurance agent was arrested and charged with one felony count of obtaining property by false pretense.Department of Insurance criminal investigators allege that James Donald Williams of Statesville, N.C., while working as …

Marsh USA Executive Joins XL Group’s Primary Casualty Unit in New York

XL Group plc has appointed industry veteran Alfred Bergbauer as head of multinational casualty in North America. Bergbauer will report to Ken Riegler, president of XL Group’s North American Primary Casualty group. He will maintain offices in New York as …

Swiss Re Corporate Solutions Increases North American Property Capacity

Swiss Re Corporate Solutions has increased available Property capacity from $250 million to $500 million. As part of the company’s single carrier offering, the increase in property capacity up to $500 million is available to high-quality middle market corporations headquartered …