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

S.C.’s Rosenfeld Einstein Names Director

Upstate South Carolina-based insurance organization, Rosenfeld Einstein, named Rod Martin as Director of Large Group Underwriting at the regional brokerage and consulting firm. A member of the National Association of Health Underwriters, and a native of Knoxville, Tenn., Martin joined …

Montgomery Insurance Quadruples Virginia Team to Pursue Growth

Montgomery Insurance, a member of Liberty Mutual Group, announced the recent addition of Virginia personal and commercial field underwriting specialists, territory managers, and underwriting staff in Central and Southern Virginia to support its appointed agents and targeted growth in that …

AIG, Liberty Mutual Given Go-Ahead for Wholly-Owned Subsidiaries in China

American International Group, Inc. and Liberty Mutual Group have each been been granted approval by the China Insurance Regulatory Commission (CIRC) to establish a wholly owned subsidiary in China. AIG said that its subsidiary, AIU Insurance Co. (AIU), has been …

Terror Insurance Act Moves Forward in House with Lowered Event Triggers

The federal Terrorism Risk Insurance Revision and Extension Act moved out of the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises this week and on to the full House Financial Services Committee. The measure (H.R. 2761) …

The Hartford Adds Butler in Risk Management Unit’s Dallas Office

The Hartford Risk Management Division announced the appointment of Dean Butler as Risk Management Sales Practice leader for the company’s Dallas office. Butler will be responsible for national accounts/loss sensitive production underwriting and marketing to the division’s network of risk …

Central Texas CPCU Society Chapter Names New Officers

The Central Texas Chapter of the Chartered Property Casualty Underwriters (CPCU) Society announced the newly elected officers for 2007-2008. The new officers are: President – Stephanie Harvey, senior underwriter of Texas Municipal League – IRP; President-elect – Kim Kimball, auto …

Okla. Employment Service Owners Convicted of Workers’ Comp Fraud

A federal jury in Oklahoma convicted the owners of a Norman employment service of defrauding businesses by billing them for workers’ compensation insurance coverage that didn’t exist. The panel found Justin Bruner, 36, of Norman, and Paul W. Voyles Jr., …

Burglaries at Ark. Insurance Agencies Trigger Notification Requirements

Following a series of burglaries at insurance agencies in Arkansas, Insurance Commissioner Julie Benafield Bowman issued a reminder to all insurance companies of the notification requirements concerning security breaches. Should such a breach occur, companies are required to disclose the …

Texas Workers’ Comp Stakeholder Meeting Set for Aug. 1

The Texas Department of Insurance Division of Workers’ Compensation (DWC) announced it will hold a stakeholder meeting at 9:30 a.m. on Aug. 1, 2007, to allow for comment on informal working draft rules concerning reimbursements for hospital facility services provided …

Industry Still Divided as House Federal Charter Measure Reintroduced

U.S. Reps. Melissa Bean, D-Ill., and Ed Royce, R-Calif., have reintroduced their National Insurance Act of 2007, the so-called optional federal charter bill that proposes letting insurance companies choose federal over state regulation. The Royce-Bean bill is similar to Senate …