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Aspen Net Income Bounces Back; $474 Million Full Year, $126 Million Q4

Aspen Insurance Holdings reported greatly improved results for the fourth quarter of 2009 and for the full year. The Bermuda-based Company listed the following earnings highlights: — Diluted book value per share of $34.04, up 21.1 percent over 2008 and …

Nebraska Emergency Workers Plead for More Workers’ Comp Coverage

During a recent legislative hearing in Nebraska, emergency workers from across the state recalled traumatizing accident scenes when asking for a new level of workers’ compensation coverage. The emergency personnel were testifying in support of a bill filed in January, …

Catlin Group Posts Record $603 Million Pre-tax Profits

Iowa House Panel Backs Ban on Texting While Driving

An Iowa House of Representatives committee has approved a limited ban on motorists using their cell phones to send text messages while motoring down the highway. Republican Rep. Dave Tjepkes, a retired Iowa State Patrol trooper from Gowrie, says texting …

New Hampshire Asks Court to Reconsider $110M MedMal Ruling

New Hampshire is asking the state Supreme Court to reconsider rejecting its claim to $110 million in surplus from a fund that underwrites medical malpractice insurance. In a 3-2 decision last month, the court upheld policyholders’ claim they had a …

Rare Earthquake Rattles Northern Illinois; No Damage Reported

A small pre-dawn earthquake hit northern Illinois on Feb. 10, startling residents as far away as Michigan and Iowa, but no damage or injuries were immediately reported. The Illinois State Geological Survey (ISGS) said the earthquake was felt in eight …

Washington Closer To Creating Emergency Insurance for Flooding

Washington is one step closer to allowing the creation of a flood insurance joint underwriting association (JUA), a publicly sponsored, temporary, not-for-profit insurer of last resort to provide insurance when certain types of coverage become unavailable on the open market. …

Grimm to Head Keystone’s Employee Benefits Division in Pennsylvania

Keystone Insurers Group has named Erica Grimm as head of it Employee Benefits Division in Pennsylvania. Grimm previously represented Emerson Reid & Co. as broker relationship manager responsible for the Keystone relationship. She is a 16-year veteran in employee benefits …

New York Requires Agents to Reveal How Much They’re Paid

The New York Insurance Department has officially released a new set of rules that will require insurance agents and brokers to provide some detailed information to clients about how agents are paid. The new regulation, which goes into effect Jan. …

Utah Association of Independent Insurance Agents Awards Breitweiser

J. Curtis Breitweiser, owner of Ogden, Utah-based Breitweiser Insurance Services Inc., has received the 2009 Agent of the Year award from the Utah Association of Independent Insurance Agents. He has been a past president of the UAIIA and currently serves …

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