Monthly Archives: <span>March 2004</span>

People and Places

James Wurdeman Florida-based Poe Financial Group announced the promotion of their executive vice president, James Wurdeman, to president and CEO. William Poe, Sr., the current CEO, will remain chairman of the property and casualty company, which he founded in 1996. …

People and Places

Frank Renfro Kokomo, Ind.-based First National Bank & Trust announced the promotion of Frank Renfro to the position of president of First National Insurance, a wholly-owned subsidiary. Renfro was promoted to the position following the promotion of John O’Donnell to …

People and Places

Vincent Donnelly PMA Capital Corp. has appointed Vincent T. Donnelly as its new president and chief executive officer. He has headed the PMA Insurance Group as its president for the last seven years and will retain that position. Donnelly brings …

Ill. UIM Bill Would Skew Law, Says PCI

An Illinois Senate bill that would change the recovery system for underinsured drivers’ (UIM) coverage is strongly opposed by the insurance industry because of its potential to allow the “stacking” of policy limits, according to the Property Casualty Insurance Association …

Markel American Insurance Company Appoints Conroy as Marine Director

Pewaukee, Wis.-based Markel American Insurance Company announced the appointment of Thomas Conroy to marine director. Conroy, who joined Markel American in 1989, has long been committed to the marine industry and insurance marketplace. Before taking the marine director position, Conroy …

Venture Programs Expands Services through Web-based Underwriting Facility

Venture Programs announced that it has been selected to write business with ACE Complete, a Web-based underwriting facility for contracted program administrators and wholesale brokers. ACE Complete offers program administrators and brokers fast, efficient online underwriting for the workers’ compensation …

NAMIC Claims State Regulators’ Drive to Implement Best Practices for Credit Scoring Use Not Necessary

The National Association of Mutual Insurance Companies (NAMIC) called for cessation of an effort to create a “best practices” interpretation document on the use of insurance scores by the National Association of Insurance Commissioners (NAIC). “Reasonable and balanced parameters on …

Defendant Found Guilty in Quackenbush Insurance Scandal

A former aide to Chuck Quackenbush, the California insurance commissioner who resigned in scandal in 2000, was convicted Friday on all charges alleging his participation in the illegal transfer of insurance settlement money to a nonprofit group. Federal jurors took …

Fitch Reports Better 2004 for U.S. CCRC’s; Nursing Homes Still Tough

Better credit profiles for continuing care retirement communities (CCRC) in the United States can reportedly be attributed to improvements in investment returns, solid demand for CCRC facilities as baby boom generation retires, and better management practices, according to a new …

San Diego ‘Underground Economy’ Case Nets Guilty Pleas

Two San Diego County men who owned several Southern California construction companies pleaded guilty to six felony counts, including state income tax evasion, conspiracy to file false tax returns, payroll tax evasion and insurance fraud, in a case involving the …