Yearly Archives: <span>2006</span>

Robert Fenley Named Principal for Integro’s Chicago Office

Integro Insurance Brokerage has hired Robert Fenley to be principal in their Chicago office. According to a written release by the company, Fenley has 22 years of experience in the insurance and risk management profession. He comes to Integro from …

Study Claims N.Y. Employer Mandate Would Cost Jobs, $9.2 Billion

Up to 100,000 jobs would be lost in New York State and businesses stand to take a $9.2 billion dollar hit under a proposed healthcare mandate, according to research by University of Kentucky economist Dr. Aaron Yelowitz and sponsored by …

Group Calls Federal Legislation Comments Misleading, Uninformed

The American Insurance Association has called comments about federal legislation dealing with optional national insurance regulation made on behalf of the Consumer Federation of America “misleading.” Further, the AIA said that CFA’s comments reflect an “uninformed viewpoint about the legislation …

Florida Group Asks Members to Voice Their Opinion on the Federal Charter

The Florida Independent Insurance Agents have responded with a call to action in which it asks its members to make their opinions heard in Washington about Federal Charter Legislation proposed by the U.S. Senate. “On April 5, 2006, Senator John …

Storms Kill One in Georgia, Cause $15M in Damages

A string of four twisters that swept through Georgia killed at least one and cut a swath of devastation from the Alabama line up to Gainesville, state officials said. Drake Walker, an 11-year-old from Sycamore, was killed by a falling …

Senator’s Lawyer Claims State Farm Destroying Mississippi Documents

A lawyer for U.S. Sen. Trent Lott said in Biloxi, Miss. that State Farm Insurance Co. is destroying documents that could show the insurer has fraudulently denied thousands of claims by Lott and other policyholders whose homes were destroyed by …

State-Run Wind Coverage Proposal Would Hurt Florida Consumers

The problems in the Florida homeowners insurance market will not be solved by the “overly simplistic” idea of establishing a state-run wind coverage program as proposed by Americans for Insurance Reform, according to the Property Casualty Insurers Association of America. …

Merck to Appeal N.J. Vioxx Compensatory and Punitive Damages

A New Jersey jury that last week awarded $4.5 million in compensation to a man who suffered a heart condition after long-time use of the painkiller Vioxx has added $9 million in punitive damages. Vioxx-maker Merck & Co, immediately announced …

N.Y. Arrests Oneonta Tire Store Owner on Arson Charges

A 38-year-old Oneonta, New York businessman has been arrested on charges of insurance fraud and arson related to a fire that occurred at Monser Brothers Tire Sales, Inc. in Oneonta, in August 2002. Jeffrey Gelbsman, 38, of 24 East Street, …

Fitch Removes AIG and Subsidiaries from Negative Watch

Fitch Ratings has affirmed and removed from its Rating Watch Negative all of its ratings on American International Group, Inc. (AIG) and subsidiaries. Fitch originally placed AIG on Rating Watch Negative in March 2005. In addition, Fitch has assigned ‘AA’ …