Monthly Archives: <span>October 2006</span>

J.D. Power: Homeowners Want Carriers to Offer Identity Theft

More than 40 percent of consumers would like their homeowners insurance carrier to offer coverage for identity theft, according to a study released by J.D. Power and Associates. The 2006 Homeowners Insurance Study reported that identity theft insurance is second …

Western Security Surplus adds Texas Coastal Property Coverage

Ron Klimek, vice president and Dallas branch manager, announced that Western Security Surplus has increased capacity to write coastal property coverage in Texas, including wind and hail, Tier 1 and 2 counties. The property coverage is offered via a non-admitted …

Okla.’s North American Group Expands with Calif., Texas Acquisitions

North American Group, headquartered in Oklahoma City, Okla., announced it has acquired Abilene, Texas-based CIC Insurance Brokers Inc., and Anaheim, Calif.-based CTK Insurance Services Inc. CTK and CIC have each been serving the needs of the staffing industry for over …

The Hartford’s Net Income Jumps 41% for Third Quarter

The Hartford Financial Services Group, Inc. reported record third quarter 2006 net income of $758 million, or $2.39 per diluted share — a sizable 41 percent boost over the same quarter last year. The Hartford’s core earnings in the third …

Jackson National Life Asks Mich. Candidate for Apology

A Michigan company has asked U.S. Sen. Debbie Stabenow to retract her statements that it outsourced jobs overseas. Jackson National Life Insurance Co. sent a letter to Stabenow last week asking her to apologize for a campaign TV commercial and …

IIAT and The Republic Group Offering Personal Lines Program

The Independent Insurance Agents of Texas and The Republic Group, Dallas, have partnered to offer qualifying IIAT members a competitively priced, easy-to-quote personal lines program with a variety of products. The program is available now with access through the IIAT …

HUD Charges Erie, Agents with Unfair Bias; Erie Calls Charges ‘Misguided’

The U.S. Department of Housing and Urban Development has charged Erie Insurance Group and five independent insurance agencies with violating the Fair Housing Act. HUD alleges that they provided inferior insurance products to homeowners in African-American neighborhoods compared to those …

Study Identifies High Costs of Doing Business in Mass.

A new study by a Boston-based think tank shows that Massachusetts firms in nine selected industries including financial services have costs that are on average 20 percent to 30 percent higher than similar companies in Texas, North Carolina and New …

Beazley Adds to Claims Team in N.Y.

Beazley, an insurer of specialty lines risks, has expanded its global specialty lines claims team with the addition of four professionals in the company’s newly opened New York office. Prior to joining Beazley, Peter Liaskos was a litigation partner in …

Pa. Renews Insurance Subsidies for Doctors for Fifth Year

Pennsylvania Gov. Ed Rendell has signed a bill to continue state subsidies for a fifth straight year to help tens of thousands of physicians and other health care specialists pay their medical malpractice insurance bills. In a statement on his …