May 2, 2006
More than 200 West Virginians who have had difficulty obtaining health insurance in the regular market are now insured through AccessWV, the state’s high-risk health insurance plan, according to Insurance Commissioner, Jane L. Cline. AccessWV guarantees that all West Virginia …
May 2, 2006
Washington Democrats have asked the Federal Elections Commission to investigate U.S. Senate challenger Mike McGavick’s $17 million “golden parachute” from Safeco Insurance Co. McGavick’s campaign said the complaint is bogus. “Everything was by the book,” McGavick spokesman Elliott Bundy said. …
May 2, 2006
An unlicensed Los Angeles insurance agent, Jose Miguel Marquez, 23, has been sentenced to one year of summary probation and ordered to reimburse the California Department of Insurance (CDI) $10,000 for investigative costs for his crime of theft of premiums. …
May 2, 2006
Michael Van Gilder has been appointed CEO of Denver-based Van Gilder Insurance Corp. Van Gilder, who has served on the board of directors as managing director for more than 10 years, succeeds his father, Dell Van Gilder Jr., who has …
May 2, 2006
Bermuda-based RenaissanceRe Holdings Ltd. will release the results of its operations for the first quarter of 2006 following the close of market today, Tuesday, May 2, 2006. The Company will conduct an investment community conference call on Wednesday, May 3, …
May 2, 2006
IMA of Colorado Inc., Denver, has named Gary Gaston senior account executive focusing on the energy industry with expertise in Gulf of Mexico exposures. He was previously vicee president at Hibernia Insurance Agency. E-mail: gary.gaston@imacorp.com. Web site: www.imacorp.com.
May 2, 2006
The New York-based Navigators Group, Inc. reported net income of $15,525,000 or $0.93 per share for the 2006 first quarter based on 16,757,000 diluted shares compared to net income of $9,699,000 or $0.76 per share for the 2005 first quarter …
May 2, 2006
Irvine, Calif.-based R.E. Chaix & Associates has named Jo Sargent to head the new personal lines department located in the company’s Irvine headquarters. Beginning immediately, Sargent will begin marketing two new admitted products: personal umbrella and comprehensive personal liability. The …
May 2, 2006
Bermuda-based Endurance Specialty Holdings Ltd. reported net income of $107 million or $1.45 per diluted common share for the first quarter of 2006 versus net income of $96.3 million or $1.45 per diluted common share in the first quarter of …
May 2, 2006
Bermuda-based Max Re Capital Ltd. announced that the Audit and Risk Management Committee has not yet completed its previously announced internal investigation. “Consequently, KPMG, the Company’s auditors, have not completed their Statement of Auditing Standards 100 review of financial information …