Yearly Archives: <span>2007</span>

Edgewood Partners Appoints Johnson Senior VP

San Mateo, Calif.-based Edgewood Partners Insurance Center has hired Jim Johnson as senior vice president. He will be responsible for new business production, renewal business retention, co-managing of Carrier Relations, Surety Business management and management of a designated group of …

White House Declares Washington Major Disaster Area

President George W. Bush has declared a major disaster exists in the State of Washington and ordered federal aid to supplement state and local recovery efforts in the area struck by severe storms, flooding, landslides, and mudslides that began on …

Union General Offers Alcohol and Drug Abuse Treatment Market in California

Union General of Concord, Calif., has an “A+” rated carrier offering coverage for facilities specializing in care and treatment of drug and alcohol abusers, including for profit and nonprofit centers and halfway houses in California. Coverage is available for both …

Study: Motorists Don’t Drive as Well in Freezing Temperatures

Many American drivers are unsure of proper vehicle operational procedures when driving in freezing temperatures, according to a survey conducted by GMAC Insurance and Road Safe America. The survey, which sampled licensed Americans from all 50 states and the District …

N.Y. State Calls Off Bid Bonds Hearing

The New York State Insurance Department has called off a public hearing scheduled for later this week on whether the New York Property Insurance Underwriting Association should be required to provide a market for surety bonds. Superintendent of Insurance Eric …

OneBeacon Names Thompson Chief Underwriting Officer

OneBeacon Insurance Group has appointed Terry Thompson as senior vice president and chief underwriting officer of the company’s U.S. operations. Reporting to Chief Executive Officer Mike Miller, Thompson will be responsible for key underwriting matters across the company, including underwriting …

Parents of Brain Damaged Boy Settle with Ill. Hospital for $11.5 Million

Parents who sued Northwestern Memorial Hospital and a doctor after their child suffered brain damage from what they said was a botched delivery have agreed to accept a $11.5 million settlement, their attorney said. The brain damage and subsequent cerebral …

Ratings Recap: Thai Re, Aspen, Valiant, Qatar Insurance

Standard & Poor’s Ratings Services has raised its long-term local currency counterparty credit and insurer financial strength ratings on Thai Reinsurance Public Co. Ltd. (Thai Re) to ‘A-‘ from ‘BBB+’ and assigned a stable outlook. “This upgrade reflects the company’s …

Mich. Accident Fund Names Lancione New Premium Audit Director

Lansing, Mich.-based Accident Fund Insurance Company of America recently announced that it had named Anthony Lancione as its new premium audit director. In the newly created position, Lancione will develop and execute premium audit strategies; overseeing the planning and management …

Police: Jailed La. Couple Had Home Torched to Get Bail Money

A Monroe, La., couple already jailed on drug charges now face more trouble over an alleged scheme to have someone set fire to their home so they could collect insurance money to make bail. Orrell M. “Red” White, 25, and …