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

Brooke Franchise Corporation

Brooke Franchise Corporation has recently acquired the assets of: Abide Insurance Agency, Inc. – Oklahoma Culver Insurance Agency, Inc. – Oklahoma American National Insurance Services, Inc. d/b/a Houston National Insurance Group – Texas Frias Insurance Agency, Inc. – Texas Alpha …

MedRisk, Diversified HealthCare Services Ink Deal on Workers’ Comp Physical Therapy

MedRisk, Inc. and Diversified HealthCare Services, Inc. have signed an agreement, providing MedRisk’s (www.medrisknet.com) entire Expert Provider Organization (EPO) network of workers’ compensation physical therapy (PT) specialists to Diversified’s clients. “We are always investigating ways to save money for our …

N.J. Governor Signs Agents’ Rights Bill – ‘Most Important Legislation’ Says PIANJ

New Jersey Governor James McGreevey signed a bill into law this week that protects agents’ ownership and commission rights when insurance policies are transferred from one company to another. The Professional Insurance Agents of New Jersey Inc. hailed the law’s …

PIANH to Host Two Continuing Education Programs

The Professional Insurance Agents of New Hampshire Inc. announced that the organization will host two dynamic education programs: E&O Prevention and Imaging for Optimal Client Service. The classes will take place Friday, Oct. 10, 2003, at the Comfort Inn, Concord. …

Kemper Auto & Home Opens New Lackawanna County Facility

David Yeager, Director of Pennsylvania Governor Edward G. Rendell’s Action Team, participated in a ribbon-cutting ceremony for Kemper Auto and Home, which is moving into a larger Lackawanna County facility. The bulletin noted that Kemper’s new Customer Services Center “will …

Allmerica Names Frederick Eppinger New CEO

Allmerica Financial Corporation announced that it has named Frederick Eppinger, 44, President, Chief Executive Officer and Director, effective September 8. He will succeed John O’Brien, who resigned in the fall of 2002, as the decline in the equity markets hit …

Allianz German P/C Operations Post Premium Gains

Allianz Property and Casualty Group Germany, which combines the property and casualty insurance business of the German Allianz companies, achieved a positive underwriting result in the first half-year of 2003 as gross premium income rose by 3.9 percent to 6.3 …

Best Affirms Toa Re ‘A+’ (Superior) Ratings

A.M. Best Co. announced that it has affirmed the financial strength rating of A+ (Superior) of Japan’s Toa Reinsurance Company Limited, with a negative outlook. “The negative outlook reflects Toa Re’s weakened capitalization, high exposure to Japan’s equity market and …

Zurich Bounces Back – Posts $701 Million 1st Half Net Income

Zurich Financial Services has apparently turned the corner after some very rough times. The company’s 1st half results show net income of $701 million – well above most analysts’ expectations – compared to a $2.029 billion loss in the same …

Cincinnati Financial Declares Regular Dividend

Insurance holding corporation Cincinnati Financial Corp. announced that at its regular meeting on August 15, 2003, the board of directors declared a 25 cents per share regular quarterly dividend payable Oct. 15, 2003, to shareholders of record on Sept. 24, …