Yearly Archives: <span>2006</span>

Penn Millers’ Management to Focus on Agribusiness, General Commercial

Penn Millers Insurance Company, based in Wilkes-Barre, Pa., has created business units to focus on agribusiness and general commercial business. “The creation of dedicated business units enables us to align specific expertise, explore growth opportunities and ultimately offer greater value …

Farmers Insurance Debuts Documentary for African-American History Month

To honor African-American History Month, Farmers Insurance Group will debut the “Freedom’s Song” program along with various elected officials at the California African American Museum in downtown Los Angeles. Farmers partnered with the Association for the Study of African American …

Hanover Transfers Discontinued N.J. Business to Proformance

The Hanover Insurance Group, Inc. announced that its wholly-owned subsidiary, The Hanover Insurance Company, and some of its affiliates will transfer renewal rights for a block of certain personal lines policies to Proformance Insurance Company, a subsidiary of National Atlantic …

Jury Clears Drug Maker Merck in First Federal Vioxx Case

In its first victory in federal court over the once popular painkiller Vioxx, a jury in New Orleans ruled that Merck & Co. was not responsible for the death of a 53-year-old Florida man who had a heart attack after …

Report Details Injured Nuclear Workers’ Frustrations with U.S. Benefits System

The federal government has paid about $1.5 billion in benefits to thousands of sick nuclear weapons workers under a five-year-old program, but more could be done for thousands of others, says a report by a federal official. The report, made …

Farming More Dangerous Than Mining in Virginia, Data Shows

Coal mining, logging, firefighting represent just a handful of the dozens of jobs that spring to mind when it comes to dangerous work. Farming isn’t often one of them. But data shows agriculture is outpacing mining as the most deadly …

Md. Water Taxi Insurer Sues Coast Guard, Citing Too Many Passengers

Insurers for the company that ran the water taxi that capsized in the Inner Harbor, killing five people, sued the U.S. Coast Guard on Friday, claiming the military branch certified the taxi for too many passengers. The lawsuit was filed …

Citizens Claims Dramatic Customer Service Improvements

More than 90 percent of all claims related to Hurricane Wilma have been closed according to Bob Ricker, Citizens Property Insurance Corp. executive director. He also reported that more than 91 percent of all hurricane claims, including thousands from hurricanes …

S&P Keeps Swiss Re on CreditWatch as GE Deal Nears Closing

Standard & Poor’s Ratings Services announced that it would keep both GE Insurance Solutions (GEIS) and Swiss Re on its CreditWatch list, as they continue to work on their agreement to sell GE’s insurance business.However, while GEIS CreditWatch placement is …

Best: Katrina Temporarily Halts Softening Reinsurance Markets

A.M. Best Co. has taken note of the apparent strengthening of the U.S. reinsurance market following the January renewal period. In a recent comment, the rating agency noted that the “renewals experienced by a number of European-based global insurers confirms …