Monthly Archives: <span>February 2007</span>

Tornadoes Reported in Four States; 27 Injured in Arkansas

Authorities went door to door in search of an unknown number of people who remained unaccounted for after severe storms swept through southern Arkansas, shredding home and businesses and injuring at least 27 people. Residents reported seeing multiple tornadoes Saturday …

SNL Financial Now Offers MarshBerry Research Reports Online

SNL Financial now offers equity research reports from MarshBerry via SNL’s online information service. MarshBerry joins a full roster of other leading financial institutions whose research is now easily accessible from SNL. “We’re very happy to provide our engaged client …

GMAC to Offer RV Coverage Nationwide

St. Louis-based GMAC Insurance announced the nationwide rollout of its specialized RV insurance through independent agencies. The move comes as part of a GMAC Insurance initiative to expand its product offerings sold through approximately 10,000 independent agencies across the country. …

Western Heritage Names Horsman President

Western Heritage Insurance Co. has named Michael Horsman president. He has been acting president of the company since July 2006 and brings 30 years of insurance industry experience to the position. Prior to that, Horsman served as senior vice president …

Hawaii Reviewing Hurricane Cat Models

Hawaii’s Insurance Division, in its guidelines on supplemental rate filing requirements for property insurance, is advising that it will be reviewing the appropriateness of catastrophe models for hurricane exposure in Hawaii. Consequently, rate filings submitted to the division must identify …

Insurance Agents, Brokers Host Industry Legislative Day in Washington

On March 20, the Independent Insurance Agents & Brokers of Washington, Surplus Line Association of Washington, Insurance Brokers and Agents of the West, Property Casusalty Insurers, American Insurance Association, Washington Council of National Association of Insurance Women, and Greater Seattle …

Reinsurance Proposal: Big Effect on Collateral, Limited Effect on Ratings

Fitch Ratings today issued a report titled “Impact of Proposed Changes in Collateral Requirements” that discusses its views on the National Association of Insurance Commissioners’ (NAIC) reinsurance task force’s proposal to revamp regulations governing reinsurers’ collateral requirements and cedants’ corresponding …

U.S. Risk Acquires E.M. Morrow Agency

U.S. Risk Insurance Group Inc. has expanded its California operations by acquiring E.M. Morrow Insurance General Agency Inc., in Oakland, Calif. E.M. Morrow has served the California property and casualty market for 30 years, specializing in property and general liability …

Hylant Group Adds Executive, Administrative Services

Toledo, Ohio-based Hylant Group, a full-service business insurance agency, has hired James Rowan to serve as the regional representative for the Ohio School Plan (OSP) Southwest Ohio territory for Hylant Administrative Services. Rowan’s experience includes serving as the past president …

PPIB Enhances Laser Tattoo Removal Program

Professional Program Insurance Brokerage, based in Novato, Calif., has enhanced its laser program. Coverage is available for experienced doctors, and other professionals doing laser tattoo removal where their state legally allows. Policies are packaged premises and professional with the ability …