Monthly Archives: <span>June 2008</span>

Okla. Independent Agents Group CEO Pleased With Legislative Session

Dan Ramsey, president and CEO of the Independent Insurance Agents of Oklahoma, says the recently convened 2008 state legislative session was a good one as far as the association is concerned. Out of 4,000 bills considered by lawmakers, 83 of …

Arbella Reduces 2008 Mass. Auto Rates Again

The Arbella Insurance Group reported that it has received approval for new private passenger auto rates in Massachusetts that will result in another one percent average drop on top of an earlier 7.7 percent decrease. The company estimates that this …

Allied World Assurance to Acquire Darwin Professional Underwriters

Bermuda-based Allied World Assurance Co., Ltd. has agreed to acquire Connecticut-based Darwin Professional Underwriters, Inc. Darwin offers specialty and primary professional lines coverages, which include health care professional liability and niche errors and omissions. Darwin also has a business and …

Judge Dismisses Insurance Executive’s Lawsuit against Alabama Governor

A judge dismissed most of a lawsuit in which an indicted insurance executive accused Alabama Gov. Bob Riley and others of conspiring to drive him out of the insurance business. Montgomery Circuit Judge Truman Hobbs Jr. rejected John Goff’s claims …

Willis Research Network Joins in California Earthquake Study

The Willis Research Network, part of Willis Group Holdings Ltd., the global insurance broker, has joined with the U.S. Geological Survey and the California Geological Survey to develop a scenario that shows how a magnitude 7.8 earthquake along the San …

MHBT VP to Serve on Board of National Surety Bond Producers Group

Donnie Doan, a vice president in the bond department of Dallas-based McQueary Henry Bowles Troy L.L.P. (MHBT), was named to the 2008-09 board of directors for the National Association of Surety Bond Producers (NASBP). In addition to his board responsibilities, …

West Virginia Workers’ Compensation Market Opens to Competition

All of West Virginia employers, other than governmental entities, can for the first time, shop their workers’ compensation coverage among carriers in a competitive market. Insurance Commissioner Jane L. Cline said all indications are that the privatization of the workers’ …

LWCC Launches Web Site Dedicated to Workplace Safety

Louisiana Workers’ Compensation Corporation (LWCC) has launched a new stand-alone Web site, www.saferplacetowork.com, which provides centralized safety information for both employers and employees. The company said the “microsite” makes available 39 separate safety documents in a free, downloadable PDF format. …

Insurance Tax not Enough to Support West Virginia Fire Departments

As gas prices soar, the costs of running a volunteer fire department are rising. Now West Virginia legislature and the counties are debating over who will pay the rising costs of the state’s 424 volunteer departments. Volunteer departments are pressing …

North Carolina Agents Honor Montgomery Insurance Company

Montgomery Insurance, a Liberty Mutual Agency Markets regional company received the Independent Insurance Agents of North Carolina young agents company of the year award. Presented during the recent young agents conference in Myrtle Beach, South Carolina, the award recognizes the …