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

Michigan Agent Rises on National Big “I” Leadership Team

The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) announced that David Allen Walker was installed as the association’s vice chairman at the association’s recent Leadership Conference in Atlanta. Walker is president of Hartland Insurance Agency …

The Daniel and Henry Co. Opens Chicago Office

St. Louis, Mo.-based The Daniel and Henry Co. announced it has opened an insurance operation in Chicago. The new office includes the addition of veteran producers Steve Lorenzini, Doug Marcheschi, Bill Durkin, Michael Sobel, Richard Blumberg, Tim Lain, Marc Alberico, …

HCC Succession Plan Moves Forward

Houston-based HCC Insurance Holdings Inc. is moving forward with its previously announced CEO succession plan. John N. Molbeck, Jr. will continue to serve as CEO until the final board of directors meeting of the year, scheduled for Dec. 19, 2012. …

Alabama Governor Won’t Implement Part of Health Law

Gov. Robert Bentley announced this week that he won’t implement part of the federal Affordable Health Care Act in Alabama. Bentley’s aides said the Alabama governor sent a letter to Secretary of Health Kathleen Sebelius explaining that he’s an opponent …

Tennessee Court Upholds Man’s Paternity Fraud Claim

The Tennessee Supreme Court has ruled in favor of a man who was misled into thinking he was a father and ordered the child’s mother to reimburse him more than $25,000 for child support, medical expenses and insurance premiums he …

Health Plan Cost Rate Hikes Lower for Large Employers in 2012: Aon

In 2012, large U.S. companies and their employees saw the lowest health care premium rate increases in six years, according to an analysis by Aon Hewitt, the global human resources firm. The average health care premium rate increase for large …

Gesick Joins AXIS Capital as Group Chief Actuary

Bermuda-based AXIS Capital Holdings Limited announced that Eric Gesick has joined the Company in the new position of Group Chief Actuary. He also joins the Executive Committee of AXIS Capital, and will lead the Company’s actuarial function and provide review …

Finaccord Analyzes Prof. Indemnity Insurance in Australia, Canada, So. Africa

New research, conducted by market research consultants Finaccord, reveals that “competition among underwriters of professional indemnity insurance in Australia and Canada is at least as strong as in Europe’s more developed markets while South Africa is likely to provide growth …

ICW Group Names Lysak Branch Manager for Workers’ Comp in Carolinas

ICW Group Insurance Companies has named Suzanne Lysak as its workers’ compensation branch manager in North Carolina and South Carolina. Lysak has 20 years of experience in the workers’ compensation insurance industry including in the areas of in agency management, …

New York’s Fraud Suit Against JPMorgan May Aid Private Lawsuits

New York state’s lawsuit against JPMorgan Chase & Co. alleging fraud in mortgage-backed securities sold by Bear Stearns may be one of the broadest cases to come out of the financial crisis, but its impact is likely to be limited. …