Yearly Archives: <span>2006</span>

California Commissioner Claims Insurance Industry Attempted Blackmail to Derail Auto Rate Regulations

California Insurance Commissioner John Garamendi is claiming that he has unveiled an attack campaign by the insurance industry against his efforts to reward good drivers and create a fairer system for the pricing of auto insurance. The following is his …

American Mercury, Mercury Insurance to Refund $2M

American Mercury and Mercury Insurance companies have agreed to refund more than $2 million to their policyholders in Florida, according to Tom Gallagher, Florida CFO. According to the state’s Office of Insurance Regulation, its examination of the two companies was …

Phillips Joins Woodruff-Sawyer & Co. as Chief Growth Officer

Woodruff-Sawyer announced that Mike Phillips has joined the firm as chief growth officer. To support Woodruff-Sawyer’s delivery of innovative solutions to the business community, Phillips will focus on analyzing and driving the strategic growth plan for the company. Mr. Phillips …

Networked Insurance Agents Appoints Staffhorst as Territorial Sales Vice President in the Rocky Mountain Region

Networked Insurance Agents, a professional account placement organization headquartered in Grass Valley, Calif., has appointed Will Staffhorst as territorial sales vice president, in Colorado, New Mexico and Utah. Staffhorst previously was with Fireman’s Fund, where he was business development manager …

Insurers Oppose California Auto Repair Dispute Legislation

California is scheduled to consider a bill today, May 9, that is designed to resolve auto repair disputes between insurers and policyholders, according to Jeff Fuller, executive vice president and general counsel of the Association of California Insurance Companies (ACIC). …

G.J. Sullivan Excess and Surplus Goes Online for Business Owners Policies/Commercial Auto Risks

G.J. Sullivan Co., Orange, Calif., has announced that agents in California and Arizona can now go online to www.gjsullivan.com to rate business owners policies and commercial auto risks 24 hours per day.. The online rating system is faster and easier …

Despite Hurricane Losses, Soft Insurance Market Continues

Although property & general liability insurance rates increased in the first quarter of 2006, all indications point to a continuing soft commercial insurance market according to the Risk and Insurance Management Society (RIMS) Benchmark Survey, a survey conducted by Advisen …

Post Spitzer, Merger Activity Picking Up, Says Mystic Capital

Last year wasn’t the busiest year for mergers and acquisitions in the insurance agency and brokerage field, but as concerns over various probes of the insurance industry fade, activity is picking up. Kevin Donoghue of Mystic Capital Advisors Group, who …

Brunelle Joins Noodle Specialty Brokers

Lisa Brunelle, 43, has joined the Underwriting Department of Noodle Specialty Brokers (NSB), a division of InsuranceNoodle, as a vice president responsible for underwriting private company middle-market business. Prior to joining NSB, Brunelle was an account executive at S.H. Smith …

Mo. Legislators Await Governor’s Signature on Bill to Help Businesses Provide Insurance

Missouri lawmakers have voted to make it easier to start group health insurance plans. The Senate voted 31-0 on Wednesday to drop the minimum number of people necessary to start a group health insurance plan from 100 members to 50. …