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IMA Hires Aronis as an Account Manager

Wichita, Kan.-based the IMA Financial Group Inc., a diversified financial services company specializing in insurance, asset and risk management, has hired Emily Aronis as an account manager in its IMA of Kansas health risk management practice, Life IQ. Prior to …

Hartford Agrees to Reduce Texas Homeowners Rates, Pay Refunds

Under agreements between the Texas Office of Public Insurance Counsel (OPIC), the Texas Department of Insurance, and two subsidiaries of the Hartford Financial Services Group, Texas consumers that purchase homeowner insurance from the Property and Casualty Co. of Hartford or …

Report EU Energy Commissioner to Issue Oil Spill Rules

EU Energy Commissioner Guenther Oettinger plans to issue additional requirements for operators of oil platforms in European waters in the autumn, he said in a German media interview published on Friday. The requirements would include recommendations for prevention and compensation …

Scalzo Named Branch Manager at Magna Carta

Michael Scalzo has been named Mid-Atlantic branch manager at New York-based insurer Magna Carta Cos. Scalzo succeeds Dennis Christensen who is retiring after 25 years with the Company. Magna Carta Companies operates through Public Service Mutual Insurance Co., Paramount Insurance …

Caribbean Countries Renew Hurricane, Earthquake Coverage

All sixteen members of the Caribbean Catastrophe Risk Insurance Facility (CCRIF – www.ccrif.org) have renewed their policies for hurricane and earthquake coverage for the 2010/11 year beginning on June first, the start of the hurricane season. The National Oceanic and …

Lundy Named VP at Maryland’s IWIF

Paulette Lundy has been promoted to vice president of Human Resources for Maryland’s Injured Worker Insurance Fund (IWIF), a workers’ compensation insurer. She previously served as director of human resources at IWIF. Prior to joining the organization in 2007, she …

Aon Reports Declines in July Reinsurance Renewal Rates

Aon Benfield has released its July first “Renewals Update” report, which indicates that “rates continue to decline in all major regions without significant catastrophe loss activity in the last 12 months.” Aon noted that the effects of the Chilean Earthquake …

$25M Lawsuit Filed over 2008 Virginia Shooting Rampage

A $25 million wrongful death lawsuit has been filed in connection with a 2008 shooting rampage in Virginia that left one man dead and two other people injured. The lawsuit was filed earlier this month in Wythe County Circuit Court …

Best Removes Glacier Re Ratings From Review; Assigns Negative Outlook

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Swiss-based Glacier Reinsurance AG (Glacier Re) (Switzerland), and has removed the ratings from under review with negative implications and assigned …

Arkansas: Rate Filings Must Include Installment Plan Fees

Insurance companies, agencies, brokers and producers may offer installment payment plans to Arkansas policyholders for the payment of premium, according to the Arkansas Insurance Department. However, except for those fees specifically allowed by Ark. Code Ann. § 23-66-308, such fees …

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