The Texas Automobile Insurance Plan Association (TAIPA) announced the election of officers for 2004-2005. The Governing Committee elected Jon Smanz, director, shared markets governance for Allstate insurance Company in Northbrook, Ill. as the Association’s chairman. Smanz has been with Allstate …
After 42 years in insurance and more than 28 years at Dickinson, Texas-based MaximInsurance, Dorothy “Dot” Warner is retiring. MaximInsurance reported that Warner is a longtime area resident and insurance veteran who served as a customer service representative (CSR) for …
Standard & Poor’s Ratings Services announced that it has revised its outlook on Inter-Ocean Reinsurance Co. Ltd. (IORe) to negative from stable, but has affirmed its ‘A” counterparty credit and financial strength ratings. “The ratings reflect the company’s stable business …
A.M. Best Co. announced that it has downgraded the financial strength ratings to “B++ “(Very Good) from “A-” (Excellent) of Kingsway Financial Services, Inc.’s Canadian subsidiaries, Kingsway General Insurance Company and York Fire and Casualty Company, both of Ontario. It …
Global insurance broker Willis Group Holdings Limited announced significant changes to its Board of Directors as well as the adoption of new corporate governance guidelines. Three directors associated with Kohlberg, Kravis, Roberts & Co. L.P. (KKR) have left the board …
The Independent Insurance Agents & Brokers of New York Inc., the Syracuse-based trade association that represents 1,900 agencies and brokerages in the state, announced that the Trusted Choice(SM) national branding program has now grown to nearly 225. The IIABNY launched …
The Professional Insurance Agents of Connecticut Inc. announced its support for House Bill 5204 and Senate Bill 60 when it recently provided written testimony to the Insurance and Real Estate Committee and the Program Review and Investigations Committee, respectively. “PIACT …
Kurt C. Bingeman, CPCU, ASLI, RPLU, CIW, owner and president of Russell Bond & Co., Inc., a regional Excess & Surplus Insurance Wholesaler and Managing General Agent based in Buffalo, N.Y., is the 2004 recipient of the Insurance Women of …
The Bermuda-based Catlin Group Limited (CGL) has confirmed its intention to offer shares to the public. (See IJ Website Mar.4) and to seek a listing on the London Stock Exchange. CGL, which does business both in Bermuda and at Lloyd’s, …
A recent ruling by the Connecticut Supreme Court has resulted in what insurers say is “a reasonable solution” to the issue of placing limits on financial compensation for emotional distress. The court determined that when a bystander’s emotional distress is …
