New Markets
HO-3 Homeowners in TexasTITLE: Nuts & Bolts: The Republic Group, based in Dallas, introduced a new Homeowners Form 3 product in Texas. The company said the HO-3 is modeled after the ISO Homeowner form and is an all-perils product with …
RLI Hires Kliethermes as VP, Actuarial Services
PEORIA, Ill.-based RLI Corp has hired Craig Kliethermes, FCAS, MAAA, CPCU, as the company’s new vice president, actuarial services. Kliethermes will report to RLI Sr. Vice President, CFO Joseph Dondanville. Kliethermes’ responsibilities include pricing, reserving, enterprise risk modeling and actuarial …
Minn. Life Says Think ‘Partnership’ on Retirement Benefits
Public employers can retain valuable staff, attract new talent and help employees fund retirement by encouraging a shift from a “benefits” mentality to a “partnership” mentality. That’s the message Joe Chang from Minnesota Life Group Insurance will share on May …
Brooke Corp. Adds Mitch Holthus, Shawn Lowry to Board of Directors
Brooke Corporation, headquarted in Overland Park, Kansas, recently announced that Mitch Holthus and Shawn Lowry were elected to its board of directors at their annual meeting of shareholders. They become the seventh and eighth members of the board, according to …
Mich. Legislature Considers Asbestos Litigation Reform, Insurer Group Says
The Property Casualty Insurers Association of America says that the Michigan Legislature is considering litigation reform regarding asbestos claims. According to Chicago-based PCI, Michigan has looked at the efforts of other states such as Georgia, Florida and Texas that have …
Trident Forms Strategic Agreement with Vaaler
Trident Insurance Services, LLC, a wholly owned subsidiary of Argonaut Group Inc., entered into a strategic agreement with Vaaler Insurance to be its exclusive program manager for writing public schools in the state of Minnesota. Trident’s public school program targets …
Swiss Re/GE Solutions Deal ‘On Track’; Less Equity Funding Needed
Swiss Re announced that the acquisition process of GE Insurance Solutions, including regulatory approvals, “is well on track for the expected mid-2006 closing of the transaction.” The soon to be world’s largest reinsurer also said it has enough cash on …
Kan. Governer Signs Law Giving Immunity to Insurers Reporting Suspected Fraud
The Coalition Against Insurance Fraud reported that Kansas Governor Kathleen Sebelius signed a law requiring insurers to report suspected schemes to the state fraud bureau. SB 207 also gives insurers immunity from reporting of suspected schemes, and requires insurers to …
Regulators to Hold Hearing on Model Audit Rule Amendments, May 11
The National Association of Insurance Commissioners will hold a public hearing on May 11th in Atlanta to consider amendments to the NAIC’s Model Rule Requiring Annual Audited Financial Reports, also known as the Model Audit Rule, according to the organization’s …
Insurers Expected to Pay $1.38B for Q1 Cat Losses
U.S. property/casualty insurers are expected to pay an estimated $1.38 billion to homeowners and businesses in insured property losses from seven catastrophe events in first-quarter 2006, according to preliminary analysis by ISO’s Property Claim Services (PCS) unit. PCS estimates that …
