Yearly Archives: <span>2006</span>

N.M. Legislators Adjourn on Quiet Note for Industry, Says NAMIC

New Mexico’s 30-day legislative session, which ended last Thursday, was predominantly focused upon budget related legislation, but a few insurance related bills were introduced, according to the National Association of Mutual Insurance Companies (NAMIC). Ninety-eight NAMIC member companies write 34 …

Midland Company Reports Strong Fourth Quarter Earnings

Cincinnati-based The Midland Company, a provider of specialty insurance products and services, today reported fourth quarter 2005 net income of $20.0 million, or $1.03 per share, including 3 cents in realized capital gains, compared with $23.6 million, or $1.22 per …

SeaBright Insurance Sees Q4 Net Income of $6.3M

Seattle-based SeaBright Insurance Holdings Inc. reported results for the fourth quarter and year ended Dec. 31, 2005. For the fourth quarter of 2005, net income was $6.3 million or $0.38 per diluted share compared to net income of $3.2 million …

Boeing Named as Defendant in Greek Air Crash Lawsuit

The law firm of Lieff, Cabraser, Heimann & Bernstein, LLP, announced that, in cooperation with the Cyprus-based law firm of Phoebus, Christos Clerides, N. Pirilides & Associates, that families of victims of the crash of Helios Flight 522 have filed …

Ohio Governor’s Race Heats Up as Primary Candidates Toss Allegations

The race for Ohio governor is heating up as Secretary of State Kenneth Blackwell raises questions about his primary opponent Attorney General Jim Petro in a new ad campaign that raised the ire of the state party boss. Blackwell’s ads …

R.I.’s Doorley Agency Adds Asselin, Vadeboncoeur to Staff

Wayne Asselin is bringing his 25 years of insurance experience to Doorley Insurance Agency in East Greenwich, R.I. In his position as commercial lines account manager, Asselin will be responsible for maintaining support relationships with commercial line clients; handling underwriters’ …

Meadowbrook/TPA Returns $2.5M to Mass. Workers’ Comp Self-Insureds

Meadowbrook/TPA Associates, a third-party administrator of self-insured workers’ compensation programs, announced it is distributing $2,475,000 in dividends to 475 Massachusetts businesses that are members of the self-insured groups it manages. The groups under management are the Commonwealth Transportation Compensation Corporation …

Baton Rouge, La., Man Arrested in Business Auto Insurance Scam

Louisiana Attorney General Charles C. Foti, Jr., reported that special agents from his office, in a joint effort with members of the fraud section of the Louisiana Department of Insurance, arrested Walter Glenn McMillan, Jr., 4705 Shadeland Drive, Baton Rouge, …

Minn. AG Sues AIG Rather Than Accept Settlement Worth $1.2M

Minnesota sued insurer American International Group Inc. last week rather than accept a settlement that could have been worth $1.2 million. Attorney General Mike Hatch said he estimates the state could be owed as much as $10 million, so he …

Lawmakers Question Arab Company Takeover of Major U.S. Ports

U.S. terms for approving an Arab company’s takeover of operations at six major American ports are insufficient to guard against terrorist infiltration, the chairman of the House Homeland Security Committee said. “I’m aware of the conditions and they relate entirely …