Yearly Archives: <span>2006</span>

Citing ‘Broken Promises,’ Paint Firms Seek New Trial in R.I.

Claiming the verdict involved a series of “broken promises by the state which resulted in a flawed trial and an erroneous verdict,” three defendants in the Rhode Island lead pigment case have asked the court to enter a judgment in …

Top Execs at R.I.’s Beacon Mutual Axed; Governor Removes 2 Directors

Making good on his warning, Rhode Island Governor Donald L. Carcieri officially acted to remove two directors from the board of directors of the Beacon Mutual Insurance Company after the steps taken by management fell short of what he demanded. …

Ind. Family and Social Services Schedule Public Meetings on Uninsured

The Indiana Family and Social Services Administration will begin a series of 13 public meetings over the next seven weeks to discuss the issue of uninsured Indiana residents. The meetings will begin the first week of May with sessions in …

Allstate Stock Rises on Strong Forecast

Shares of Allstate Corp. rose Wednesday, after the insurance company outlined first-quarter performance and issued a strong outlook for the rest of the year. Stock of the Northbrook, Ill.-based company rose $3.08, or 5.9 percent, to $55.03 in late trading …

Professional Insurance Agents of N.C. Acquires Associated Agencies

A small agents’ association, Associated Agencies, based in Aberdeen, N.C., has been acquired by the Professional Insurance Agents of North Carolina. Associated Agencies was formed in the 1980s by Jimmy McElreath. “Associated Agencies members will now have full access to …

N.C. Launches ATV Safety Campaign

North Carolina Insurance Commissioner Jim Long has announced a statewide ATV safety blitz involving Safe Kids North Carolina, where volunteers across the state will coordinate efforts to educate parents and caregivers about North Carolina’s recent ATV legislation, which introduces safety …

N.D. Blues President Fined for Drunken Driving

The president of North Dakota’s largest health insurance provider has been fined $500 after pleading guilty to drunken driving. Mike Unhjem, 52, of Fargo, pleaded guilty Tuesday. Judge Steven Cahill stayed a 90-day jail sentence for two years. Unhjem was …

Minn. Proposals Seek to Avoid State Shutdowns, Raise Gambling Age, Fund State Insurance Pool

The Minnesota state House of Representatives is on track to approve a bill to fund the basic operations of state government, but several amendments attached to the proposal are being singled out for the most attention. An Associated Press story …

Ohio-Based The Midland Company Reports First Quarter Results

Cincinnati-based The Midland Company, a provider of specialty insurance products and services, announced record results for the first quarter ending March 31, 2006, according to a written statement issued this week. The company release said that net income for the …

Revised La. Lawsuit Cites ‘Incompetence’ of Federal Government, U.S. Corps of Engineers

Plaintiffs seeking more than $1 billion in damages in the aftermath of Hurricane Katrina are calling the Mississippi River Gulf Outlet a “Hurricane Highway” that allowed a 20-foot storm surge to inundate much of New Orleans last fall. More that …