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

A.M. Best Reports on Financial Strength, Debt Ratings for American Re

A.M. Best Co. has commented that the financial strength rating of A+ (Superior) of American Re-Insurance Company and its direct subsidiaries, collectively American Re Corporation Group (American Re) (Princeton, N.J.), are unaffected by the recent pre-tax charge of $368 million …

Acordia Names Kevin Eggleston to Lead Hospitality Unit in California

Acordia of California Insurance Services Inc. has hired Kevin Eggleston, Senior Vice President, to lead “Acordia Hospitality,” a business unit dedicated to the insurance and risk management needs of the lodging and dining industry, specializing in property & casualty, directors’ …

Miss. Commissioner Notes Upgrade of Southeast Pearl River Fire Protection District

Insurance Commissioner George Dale announced that the Mississippi State Rating Bureau has upgraded the public fire protection facilities of the Southeast Pearl River Fire Protection District in Pearl River County. The fire prevention and protection facilities of the Southeast Pearl …

Ga. Commissioner Rules Fire was Arson

Georgia Insurance and Safety Fire Commissioner John Oxendine said that a fire that destroyed a church in Tattnall County last week was arson. The Zion Union Primitive Baptist Church was located at 7601 Hilton Hall Road, Reidsville. Oxendine said the …

New Orleans Bail Bondsman Loses Insurance Licenses

The Louisiana Department of Insurance announced that a bail bond agent operating in the Greater New Orleans area and beyond signed a departmental “Consent to Voluntary Revocation” document, which revokes all producer licenses held by him. “This brings to a …

Ward-U.S. Risk Acquires Ward North America Subs

Ward-U.S. Risk LLC, a newly formed corporation, acquired Ward North America, Spectrum Managed Care and SubroNet from Ward North America Holding Inc. Jeffrey Ward, president and CEO of Ward-U.S. Risk LLC, announced the transaction, which involved a buyout by Dallas-based …

Zurich NA Names Financial Enterprises President

Schaumburg, Ill.-based insurer Zurich North America, one of the nation’s largest property-casualty insurance companies, announced that Christopher A. Taylor was named president of the financial enterprises profit center. In this capacity, Taylor will lead efforts to further strengthen the company’s …

Martin Joins WSS’ Texas Office

Kyle Stevens, vice president, branch manager of the Dallas office of Western Security Surplus Insurance Brokers, announced that Sharla J. Martin joined the firm effective March 1, 2004. Martin came aboard as a property and casualty underwriter with an emphasis …

Boston Archdiocese Sues Insurer

The Archdiocese of Boston is suing one of its insurers, accusing the company of fraud and breach of contract for failing to cover settlement payments to victims of clergy abuse. Last September, after the archdiocese agreed to pay about $85 …

Combined Group Adds Squires to Marketing Staff

Texas-based The Combined Group announced the recent addition of Stephen Squires to its marketing staff. He will be responsible for agent marketing activities in the Houston area. Squires has been in the insurance industry for over 26 years and brings …