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

Ace USA Makes Senior Level Appointments in San Francisco

Ace USA, the U.S.-based retail operating division of the Ace Group of Companies, announced that Brian Witzmann has been appointed senior vice president and regional executive officer for Ace USA’s Northwest Region, and Stephen Dennison has been named client executive. …

La. Officials’ Insurer Sponsored Trips may Have Broken Law

Hunting and fishing trips taken by state officials and paid for by the state-run insurer of last resort, may have broken the law, according to a legislative audit report made public May 28. The audit found that Louisiana Citizens Property …

Argonaut Appoints Given as Gen. Counsel, LeFlore as Executive Counsel

San Antonio-based Argonaut Group Inc., a national underwriter of specialty property and casualty insurance products, announced Ronald B. Given was appointed to the position of senior vice president and general counsel. Given succeeds Byron L. LeFlore, Jr., who was appointed …

Ark. Warns Consumers of Organization Posing as Insurer

Another state insurance department has issued a warning about a Tennessee entity posing as an insurance company. Days after National Foundation of America (NFOA) of Franklin, Tenn., was ordered to cease and desist from the insurance business in Texas, Arkansas …

Wis. Wausau Survey Reveals Trends in Lines of Commercial Insurance

Spurrred by advice from their agent or broker, commercial insurance buyers show increasing interest in buying more than one line of coverage from a carrier, according to a new survey commissioned by Wis.-based Wausau Insurance. Two-thirds (up from 58 percent …

La. Legislative Session at Mid-point with Most Bills Still Hanging

Halfway through the legislative session, spending plans and tax cut proposals are at odds, insurance relief proposals in post-hurricane Louisiana are under negotiation, and most major bills still are awaiting compromises. With one month down and one month to go, …

BB&T Insurance Buying Georgia’s Reese Agency

BB&T Insurance Services said it plans to expand its metro Atlanta operation with the acquisition of Reese Insurance Associates Inc. of Riverdale, Ga. Reese provides both commercial and personal property and casualty coverage as well as group benefits insurance. “The …

U.S. Highway Traffic Deaths Decline Slightly

U.S. Secretary of Transportation Mary E. Peters announced that traffic deaths on U.S. roads were down slightly in 2006 according to preliminary figures, but cautioned that far too many lives continue to be lost. While the number of road deaths …

Katrina Attorneys’ Election Ads Attack Miss. Commissioner Dale

Mississippi Insurance Commissioner George Dale’s toughest opponent this year may not be another candidate but a band of attorneys that has launched newspaper and television ads criticizing him. The Scruggs Katrina Group, a coalition of four law firms, is latching …

Ratings Roundup: AIG

Standard & Poor’s Ratings Services has assigned its “A+” junior subordinated debt rating to American International Group Inc.’s Series A-4 junior subordinated debentures due in 2077. “The ratings are based on the counterparty credit rating on AIG, which reflects the …