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

Industry Adopting Enhanced RMS Risk Models for U.S. Catastrophe Risk

Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, announced that its new third generation earthquake and hurricane models for the United States are being adopted by the global insurance and reinsurance industry. …

Safeco Reports Most Homeowners’ Pain Isn’t from the Rain

With hurricane season still generating powerful storms, and cold weather rain and snow not too far away, homeowners might be surprised to learn the most common cause of water damage to personal property isn’t from Mother Nature; it’s from the …

Gill and Roeser Opens Dallas Office

New York-based reinsurance intermediary Gill and Roeser Inc. announced the opening of a new office in the Dallas area. Opening the office will be newly appointed senior vice presidents, Charles T. Black and Vik Jain. Charles Black was formerly CEO …

Higginbotham’s Yarborough to Head AMS Southern Users Group

Marsha Yarbrough of Fort Worth-based Higginbotham & Associates, one of the nation’s 100 largest insurance and financial services brokers, was named president of the Southern Sagitta Users Group, a local chapter of AMS Users Group consisting of independent agency representatives …

Do Not Call Blocked by Okla. Fed Court

The Federal Trade Commission (FTC) does not have the authority to enact its wildly popular national Do Not Call list, the Oklahoma City U.S. District Court ruled yesterday, according to Reuters. The list was due to take effect Oct. 1 …

Great American Concludes Rights Offering

Cincinnati-based insurance holding company Great American Financial Resources Inc. announced the expiration of its rights offering, as scheduled, at 5 p.m. Sept. 22, 2003. More than 4.2 million shares of the company’s common stock were available for purchase in the …

WorthMark Unveils Broker-Dealer Model to Personal Lines Firms

St. Paul, Minn.-based WorthMark Financial Services announced a new option for property/casualty insurance firms interested in bringing financial services to their clients. With its joint venture broker-dealer business model, P/C agencies can now have equity interest in a financial services …

W. R. Berkley Appoints William P. Scott VP Financial Risk Management

W. R. Berkley Corporation has announced the appointment of William P. Scott to a newly created position with the Company as Vice President-Financial Risk Management, effective immediately. “He will be responsible primarily for maintaining and evaluating the Company’s internal financial …

PIANY Seeks Nominations for Moll and Kozel CISR Scholarships

The Professional Insurance Agents of New York State Inc. announced that it is seeking nominations for the Arthur I. Moll and Bernard I. Kozel Memorial Scholarships. The deadline for nominations is Friday, Dec. 12, 2003. “Selected individuals will receive tuition …

Community Banks Completes Acquisition of Your Insurance Partner

Community Banks, Inc., based in Harrisburg Pa., has completed its acquisition of Your Insurance Partner, an insurance agency with offices in Mechanicsburg and Dillsburg, Pa. WFG Capital Advisors, a leading investment banking and corporate financial advisory firm for the insurance …