Yearly Archives: <span>2006</span>

Best Upgrades Bristol West to ‘A-‘ FSR

A.M. Best Co. has upgraded the financial strength rating to “A-” (Excellent) from “B++” (Very Good) and the issuer credit ratings (ICR) to “a-” from “bbb+” of Coast National Insurance Company (California), Bristol West Insurance Company (Pennsylvania), Bristol West Casualty …

Navigators Expands Excess & Surplus Lines Business

Navigators Management Company, the principal underwriting agency subsidiary of The Navigators Group Inc., has established a new Primary Casualty Division to be based in Chicago. Christopher Day has joined Navigators as president of the Primary Casualty Division. The Division will …

Colemont Insurance Brokers-Atlanta Promotes Adams to V.P.

Colemont Insurance Brokers-Atlanta has announced that Lisa Adams has been promoted to assistant vice president. Adams joined Colemont in 2000 as an associate broker. She was previously a transportation underwriter for an MGA facility. Adams has been in the insurance …

Report Says Comp Costs per Claim in La. Higher Than in Median State

Louisiana’s average total cost per claim placed it among the group of states with higher average costs per claim when compared to the median study state, according to a new report by the Cambridge, Mass.-based Workers Compensation Research Institute (WCRI). …

Accused of Taking Premiums, Former La. Agent Told to Cease and Desist

A former Pineville, La., insurance agent has been issued a cease and desist order for allegedly misappropriating insurance premiums, the Louisiana Department of Insurance reported. Pamela Carol Lee, 39, was ordered to cease and desist from engaging in the business …

La. Bill Would Extend Time to File Hurricane Insurance Lawsuits

Addressing a looming insurance deadline that could affect thousands of homeowners and businesses, the Louisiana House of Representatives passed a bill to give insurance claimants an extra year to file a lawsuit over settlements related to damage from hurricanes Katrina …

N.H. Lawmakers Approve Fire-Safe Cigarette Mandate

A plan to require all cigarettes sold in New Hampshire to be fire-safe is headed to the governor. Supporters, including many of the state’s fire chiefs, say the measure would improve public safety by reducing fire risks. The cigarettes extinguish …

Missouri Physicians Mutual Ranks as Top Malpractice Insurer for 2005

St. Louis-based Missouri Physicians Mutual (MPM) maintained its position as the state’s top malpractice insurer in 2005 while more than doubling its reserves for future claims and increasing its premiums written by 12.5 percent, according to a press release issued …

Northeast’s DCAP Feels Assigned Risk Decline But Focuses on Growth

DCAP Group, Inc., a large chain of independent storefront insurance agencies in the Northeast, reported that first quarter 2006 total revenues were $2,867,690, a decline from the prior year amount of $3,208,073. Net income was $126,780, a reduction of $171,839 …

HANYS, InsMed Agency Offer Disability Coverage for N.Y. Physicians

HANYS Benefit Services, an affiliate of the Healthcare Association of New York State, and InsMed Insurance Agency, Inc. have joined forces to provide disability insurance protection and program support for medical professionals as well as physicians practicing in New York …