Monthly Archives: <span>June 2003</span>

Mo. Commish to Examine Need for Med Mal JUA

Missouri Director of Insurance Scott Lakin will hold a public hearing on whether the need exists for a state-sponsored medical malpractice insurance program at 10:30 a.m., Friday, July 11 in Room 492 of the Truman State Office Building, Jefferson City. …

FNB Acquires Central Fla. Agency

FNB Corp. announced the signing of a definitive agreement to acquire Lupfer-Frakes Insurance, an independent insurance agency located in Central Florida. Terms of the transaction were not disclosed. Founded in 1918, the Lupfer-Frakes agency offers a complete line of commercial …

A.M. Best Upgrades AmTrust to ‘A-‘

A.M. Best Co. has upgraded its rating of Beachwood, Ohio-based AmTrust Group (AG), which focuses on workers’ compensation for smaller employers, to “A-” (Excellent) based on a quantitative and qualitative evaluation of the company’s balance sheet strength, operating performance and …

Allstate Sued by Fla. Imaging Center

Chicago-area based direct writer Allstate Insurance Co.’s Florida personal injury protection policyholders have filed a class action suit on their behalf by the law firm of Forizs & Dogali. Premier Open MRI, the named plaintiff, is a Jacksonville, Fla., imaging …

Former Gov. of Philippines Booked on $2 Mil Felony Warrant

Eduardo Rodriguez, 61, a former governor of Quezon Province in the Philippines, was held to answer on multiple charges, including reportedly faking the deaths of his mother-in-law and wife to illegally collect more than $150,000 on insurance policies. Rodriguez was …

A.M. Best Upholds ‘Excellent’ Rating Of CAP-MPT

The A.M. Best Company has upheld its rating of “A” (Excellent) to the Cooperative of American Physicians Inc. – Mutual Protection Trust (CAP-MPT), a provider of medical professional liability protection for more than 7,000 California physicians. According to A.M. Best, …

Travelers P/C Appoints Bloom CIO

William Bloom joined Travelers Property Casualty Corp. as senior vice president and Chief Information Officer, responsible for the company’s technology platform, including its telecommunications systems. Bloom most recently served as a Partner in the Financial Services Practice of Accenture where …

London American General Agency Unveils Calif. Small Used Car Dealer Program

London American General Agency announced its new exclusive California Used Car Dealer Program. Written through an A VX rated insurer, this program is underwritten in-house and the carrier is non-admitted. Coverage Details ·300K/500K/1Mil. limits available ·Up to 250K TIV available …

NAII Applauds House for Introducing Legislation to Preserve National Credit Reporting System

Late last week a bill to permanently reauthorize the expiring provisions of the Fair Credit Reporting Act (FCRA) and to help consumers combat identity theft was introduced by several members of the House Financial Services Subcommittee on Financial Institutions. Sponsors …

Lumbermens Commutes Two Berkshire Hathaway Reinsurance Agreements, Regains Access to $1.6 Billion

Lumbermens Mutual Casualty Co., flagship of Long Grove, Ill.-based Kemper Insurance Cos., today announced that it and two Berkshire Hathaway Inc. affiliates, National Indemnity Co. and National Fire & Marine Insurance Co., have commuted two reinsurance agreements entered into the …