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

Ratings Round Up: Travelers, Atlantic American

A.M. Best Co. has upgraded the financial strength ratings (FSR) to A+ (Superior) from A (Excellent) and issuer credit ratings (ICR) to “aa-” from “a” for Northland Insurance Co. (St. Paul, Minn.), Northfield Insurance Co. (West Des Moines, Iowa), Northland …

Willis AG Acquires Swiss Insurance Broker, Burkart Risk

In a move that it says underscores its commitment to achieve a leadership position in Switzerland, Willis AG, the Swiss branch of global insurance broker Willis Group Holdings, has acquired Burkart Risk Consulting & Partner AG (BRP). Terms of the …

Poll: Californians Don’t Act On Instinct For Financial Preparedness

A vast majority of Californians consider it their responsibility to keep their insurance current, but don’t bother to read their homeowners policies each year, a new study has found. More than two-thirds of those surveyed in a statewide poll commissioned …

Report: Hawaii Needs to Protect Students from Bullying

Hawaii schools should adopt anti-bullying programs to protect students who are overweight, transgendered or from foreign countries, according to a 95-page report sent to the state Department of Education. The report by the Safe Schools Community Advisory Committee says that …

Walsh Promoted to Employee Benefits Practice Leader at Woodruff-Sawyer

Woodruff-Sawyer & Co. promoted Jennifer Walsh to employee benefits practice leader. She joined the company’s Benefits Team three years ago as vice president and account executive, and became a shareholder in the firm in January 2007. Walsh has more than …

Washington Man Sentenced for Defrauding Workers’ Comp System

Willard Leech of Bellingham, Wash., has been sentenced to 30 days in jail and 12 months of community supervision for illegally collecting workers’ compensation wage-replacement benefits while working at another job. Leech, 53, was receiving time-loss benefits for a low-back …

Calif. Low Cost Auto Program Expanded to 20 Counties

California Insurance Commissioner Steve Poizner has expanded the California Low Cost Automobile Insurance program (CLCA) in 20 additional California counties: Amador, Butte, Calaveras, El Dorado, Humboldt, Kings, Lake, Madera, Marin, Mendocino, Napa, Placer, San Benito, Santa Cruz, Shasta, Solano, Sutter, …

Countrywide Financial Appoints Sambol to Board

Calabasas, Calif.-based Countrywide Financial Corp. announced that David Sambol, president and chief operating officer, has been appointed to its board of directors. A 22-year veteran of Countrywide, Sambol was appointed president and chief operating officer in 2006. In addition to …

W. Va. Jury Issues Verdict in DuPont Lawsuit

A Harrison County, W. Va., jury says DuPont was negligent in creating a 112-acre waste site tainted with arsenic, cadmium and lead. The jury started deliberations Monday to determine whether chemical maker DuPont was negligent and jurors sided with the …

Mich. Agents Association Names Stoor New President

The Michigan Association of Insurance Agents recently announced Roger Stoor of the Lud Stoor Agency in Crystal Falls, Mich. has been named president. . As president, Stoor will work with the Association Board of Directors and staff to develop policies …