MarketScout released its barometer for the month of February, noting rate reductions among other topics. According to Richard Kerr, chairman and CEO, of MarketScout, “The Lloyds and London Companies market is easing. Despite the almost $1 billion in January claims …
Two Vancouver, Wash.-area construction companies and a Port Angeles contractor are the first to lose their registration as a result of action taken by the Wash. Department of Labor and Industries (L&I) for failure to pay workers’ compensation premiums. The …
The Navigators Group Inc. reported net income of $7,685,000 or $0.80 per diluted share for the year ended Dec. 31, 2003 compared to $16,397,000 or $1.89 per diluted share for the year ended 2002. The net loss for the 2003 …
Redwood City, Calif.-based ABD Insurance and Financial Services appointed Jeff Mann as vice president. He will be the P&C public entity specialist in the company’s Torrance, Calif. operation. Mann joins ABD from Newport Beach, Calif.- based public entity division of …
Senator Jackie Speier (D-San Francisco/San Mateo) has introduced SB 1500, a bill to close loopholes in the state’s proof of auto insurance law. “People can buy auto insurance, get their vehicle registration renewed, and then cancel the insurance the next …
Minneapolis-based RTW Inc. reported that A.M. Best Co. increased the financial strength rating of its subsidiary American Compensation Insurance Co. (ACIC) to “B+” (very good, secure) from B (fair, vulnerable). Best cited improved capitalization and continued profitable operating performance as …
Texas-based managing general agency (MGA) Combined Agents of America LLC (CAA) announced it was named Agent of the Year by The Hartford’s Houston branch. The annual award honors the agency or broker demonstrating the best overall performance—including top line growth, …
Derek Wooley, son of Louisiana Insurance Commissioner Robert Wooley, is leaving his job as governmental affairs representative with the Independent Insurance Agents and Brokers of America to become the new executive director of the Louisiana Democratic Party. According to the …
Mayor Anthony Williams has signed into law a bill enacted by the Council of the District of Columbia that combines the functional operations of the Department of Insurance and Securities Regulation (DISR) with those of the Department of Banking and …
The CPCU Society’s New England Chapters will present five leadership development seminars. Open to both CPCU Society members and nonmembers. The seminars are scheduled to be held May 21, 2004 from 8:00 a.m. to 4:30 p.m. at the Beechwood Hotel, …
