Monthly Archives: <span>July 2005</span>

D.C. Department Approves ProAssurance Acquisition of NCRIC Inc.; Aug. 2 Vote Scheduled

Medical malpractice insurers writers NCRIC Group Inc. and ProAssurance Corporation announced that the District of Columbia Department of Insurance, Securities and Banking has approved the proposed acquisition of NCRIC, Inc. as part of ProAssurance’s proposed acquisition of NCRIC Group. This …

Fla. Panhandle Residents Face Fuel, Electricity Shortages

Residents of the Florida Panhandle, where Hurricane Dennis hit on Sunday, face gasoline shortages, power outages and health issues ranging from mosquitoes to falls from ladders, according to John Agwunobi, Florida Health Secretary. “It’s the days after a storm that …

Bryant Promoted at NAS Insurance

Encino, Calif.-based NAS Insurance Services has appointed Anita Bryant as assistant vice president. She most recently served as underwriter for NAS’ EPLI and tenant discrimination liability insurance coverages. Bryant has more than ten years of experience in underwriting and marketing …

Best Affirms FSR for Max Re, Max Re Capital; Rates European Operations

A.M. Best Co. has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit rating (ICR) of “a-” for Max Re Ltd. (Max Re). A.M. Best has also affirmed the ICR of “bbb-” of Max Re Capital …

ACE Overseas Names Peel as Chief Information Officer

ACE Overseas General, the international insurance operations segment of The ACE Group of Companies, announced the appointment of Andrew Peel as chief information officer. “ACE Overseas General places a high degree of value on leveraging new technology to support our …

NSM Names Clausen to Direct Allcomp Solutions in Pa.

Geof McKernan, chief executive officer of NSM, Inc. in Conshohocken, Pa., announced that Charles “Chip” Clausen will join NSM, Inc. as the director of NSM’s AllComp Solutions Program. AllComp Solutions is one of NSM’s original programs and has been providing …

House Chair Oxley Vows Terrorism Insurance Bill This Year

The chairman of the House committee dealing with terrorism insurance and renewal of the Terrorism Risk Insurance Act vowed Wednesday to have a bill out of committee this year. “I am committed to delivering a bill this year,” declared Rep. …

Bridgeport, W.Va. Insurance Agent Charged With Embezzlement, Fraud

Insurance agent Dorsey R. Ash of the Ash Insurance Agency Inc. in Bridgeport, W.V. has agreed to plead guilty to one count of embezzlement, a felony; and one count of conducting a fraudulent scheme, also a felony, according to an …

Teen Driver, Liability Insurance Bills Pre-filed in Kentucky Legislature

Driver’s license requirements for teens and increasing minimum amounts for property damage liability insurance are among bills pre-filed for Kentucky’s 2006 legislative session, which is still six months away. Driver’s licenses for teens Increased restrictions would be placed on teenage …

Mother-Daughter Team Arrested for Calif. Workers’ Comp Scam

Two Kern County, California farm labor contractors surrendered to authorities July 12 after a two-year investigation found that they had allegedly under-reported their business’ payroll by $1 million. The investigation began after a routine audit by State Compensation Insurance Fund …