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

Judge: La. Road Home Suit Should Name State as Well as Contractor

Sue the state as well as its contractor for Louisiana’s troubled Road Home problem, a federal judge in Baton Rouge, La., told the attorney who filed a class-action lawsuit alleging the contractor is cheating thousands of hurricane victims. U.S. District …

Allstate Hit for Linking Fire Renewals to Separate Wind Policy in Miss.

Michael McAndrews would like to know what business Allstate has telling him he must buy wind and hail coverage — or else. McAndrews received a letter July 12 that said Allstate will not renew his homeowner’s coverage for fire and …

Schneider, McCord Join TAPCO Underwriters

TAPCO Underwriters, Inc., in Burlington, N.C., reported that Ken Schneider and Bill McCord have joined the company as vice presidents of marketing and underwriting. Schneider and McCord join TAPCO with decades of experience in the insurance industry. As vice presidents, …

Former N.D. Agent’s Bail Set at $100,000

Bail has been set at $100,000 for a former insurance agent facing fraud and theft charges in North Dakota, Minnesota and Colorado. David Skjerven, 60, of Sedona, Ariz., told Judge Wade Webb that he is unemployed and would not be …

Argonaut Shareholders Approve Merger with PXRE Group Subsidiary

Argonaut Group, Inc. reported that its shareholders voted to approve the previously announced merger agreement between Argonaut Group and a wholly owned subsidiary of PXRE Group Ltd. (NYSE:PXT). Argonaut Group and PXRE Group expect to complete the proposed merger in …

NYMAGIC Affiliate to Write Smaller Surplus Lines Risks in New York

Southwest Marine and General Insurance Co., an affiliate of NYMAGIC, Inc., said it has been approved by the Excess Lines Association of New York (ELANY) to write surplus lines business in the state of New York. Another NYMAGIC subsidiary, New …

N.J. Wholesaler PRS Continues to Expand with Tampa Office

Professional Risk Solutions (PRS), a wholesale brokerage insurance firm specializing in executive and professional liability and based in Somerset, N.J., has opened a Tampa, Fla. office to further serve the southeastern insurance market. Juan C. Borda has joined PRS as …

HRH Acquires Kansas Employee Benefits Broker The Resource Group

Richmond, Va.-based insurance broker Hilb Rogal & Hobbs Co. said it is acquiring the assets of The Resource Group, L.C. Terms of the transaction, which is expected to close on Aug. 1, 2007, were not disclosed. Founded by six insurance …

Former Patriot Coach Loses Obesity Surgery Malpractice Lawsuit

A Boston jury has found against Notre Dame football coach Charlie Weis in his medical malpractice lawsuit against two doctors he claimed botched his care after he had gastric bypass surgery five years ago. The jury deliberated almost three hours …

Court Throws Out Rules on Extended Hours for Truckers

A federal court dealt a blow to U.S. trucking companies this week by striking down rules on working hours that were strongly criticized by safety advocates. The decision is the latest chapter in a long-running battle between advocacy groups such …