Yearly Archives: <span>2004</span>

S&P Assigns ‘AA-” Rating to RGA Int’l. Re

Standard & Poor’s Ratings Services announced that it has assigned its “AA-” counterparty credit and financial strength ratings to RGA International Reinsurance Co. Ltd. with a stable outlook. “The ratings are based on RGA International’s position as a core member …

Assurex Global Gathers Partners in London to Celebrate 50 Year Anniversary

Assurex Global Partners from all corners of the globe have gathered in London, this week, April 27 – 30, for a gala celebration commemorating “50 years of independence and growth.” The worldwide grouping of independent brokers now collects combined annual …

Pa. Agent Meets 5 to 12 Year Prison Term

Pennsylvania Attorney General Jerry Pappert announced that a former Lancaster County insurance agent was sentenced to 5 to 12 years in state prison for reportedly bilking 71 elderly victims out of nearly $3 million in savings. Pappert said Allen J. …

Ky. Account Executive Nominated Big ‘I’ President-Elect; Fla.’s Soto Named Next VP

The Independent Insurance Agents & Brokers of America ‘s (the Big “I”) National Board of State Directors has nominated William Stiglitz III as the association’s president-elect and has elected Alex Soto, as the Association’s next vice president. The Board action …

Berlin, N.H. Battered by Suspicious Fires

As firefighters battled a fire that destroyed several downtown businesses in Berlin, N.H. last Sunday night, they also had to respond to a string of suspicious fires. “It was real crazy all night with back-to-back fires,” Chief Randy Trull said …

Funds Available for Mass. Flood Victims

Five Massachusetts counties that experienced severe flooding early this month have been declared major disaster areas, making residents and businesses eligible for federal aid. President Bush declared that emergencies existed April 1 in Essex, Middlesex, Norfolk, Suffolk, and Worcester counties, …

Congress Urged to Make Workplace Deaths Due to Employer Negligence a Felony

A man whose son was killed 11 years ago in a gruesome workplace accident in Florida urged Congress this week to give prosecutors the threat of felony convictions against employers whose neglect for federal safety rules causes a death. Ron …

Report on Mass. Auto Cites Rate Subsidies and Barriers to Entry; Romney to Name Task Force

A much-anticipated analysis of the Massachusetts private passenger auto insurance system finds that 14 percent of the state’s drivers pay less than loss costs indicate they should, while 86 percent pay more to subsidize the others. The degree of subsidization …

N.Y. Jury Denies Drug Convict’s Med-Mal Claim

A federal jury in New York has ruled against a convicted drug mule who claimed he was improperly forced to undergo surgery to remove heroin-filled condoms he had ingested. William Meequaye Kanyi filed suit against doctors, Mary Immaculate Hospital in …

Ga. Gov. Names State Rep. Massey to State Board of Workers’ Comp

Georgia Governor Sonny Perdue announced the appointment of State Representative Warren Massey to the State Board of Workers’ Compensation. “As a member of the General Assembly, Warren has been a dedicated public servant. I am pleased to appoint this distinguished …