Utah News

St. Paul Agency Joins Bank of the West Subsidiary

Bank of the West recently announced its wholly-owned subsidiary, BW Insurance Agency, Inc., (BWIA) has acquired St. Paul Agency, Inc., a full service insurance agency involved in insurance, risk management and asset protection, based in St. Paul, Minn. The St. …

Study: St. George, Utah Ranked Most Secure Place To Live

According to the third annual “Most Secure U.S. Places to Live” rankings from Farmers Insurance Group of Companies, the most secure location to live in the United States is St. George, Utah. The rankings, compiled by database experts at www.bestplaces.net, …

Utah Appoints Spann Director of Captive Division

Utah Insurance Commissioner D. Kent Michie has appointed Donnie R. Spann, as the first director of the department’s Captive Insurance Company Division. “Don has a strong regulatory background, including experience working with captive insurers in the State of Tennessee,” Michie …

Regulators Install Management Committee for Interstate Compact

The Interstate Insurance Product Regulation Commission created by the National Association of Insurance Commissioners installed its Management Committee and elected a Committee chair, vice-chair and treasurer recently during the Commission’s inaugural annual meeting in Lansdowne, Va. The Commission elected Pennsylvania …

Builders & Tradesmen’s Offers Online Artisan Contractor GL Program

Builders & Tradesmen’s Insurance Service, Inc. has recently entered into an agreement with an “A” X rated carrier providing an exclusive national program for its online artisan contractor general liability program. The program is available for approximately 50 classes of …

People and Places

J.J. Morrow, Jr., formerly the managing director of St. Paul Travelers Insurance Company in Chicago has joined Georgia-based Swett & Crawford’s Chicago office as a property broker. Since 1997 he has managed nearly $90 million in premiums for St. Paul …

Ogden, Calif., Investor Facing Felony Fraud Charges

A businessman heavily invested in the redevelopment of Ogden’s blighted downtown is facing felony charges of insurance fraud in California. Gadi Leshem, president and chief executive officer of Cover-All Inc., a flooring installer, is accused with two others of cheating …

Business Moves

Safeco Seattle-based Safeco repurchased 10.2 million shares, or approximately 8.8 percent, of its outstanding common stock through an accelerated share repurchase (ASR) program. The shares were purchased from dealer Lehman Brothers at $58.75 per share, totaling approximately $600 million. In …

Wal-Mart Expands $4 Generic Drugs to 11 More States

Wal-Mart Stores Inc. is expanding its $4 generic prescription program to 11 additional states and adding 17 more prescriptions to the program. The world’s largest retailer added 502 stores to those offering the discounted medications. The new states added Thursday …

Jeffrey P. Leman, CPCU joins Prime Holdings as Chief Operating Officer

Chicago, Illinois and Salt Lake City, Utah – Jeffrey P. Leman recently joined Prime Holdings Insurance Services (“Prime”) to hold the position of Chief Operating Officer. Mr. Leman’s achievements include over 25 years of E&S insurance carrier and brokerage experience. …