Yearly Archives: <span>2008</span>

New York Judge: Nibble on Cinema Popcorn at Own Risk

Movie munchers beware! A New York judge says popcorn purchasers worried about breaking a tooth on unpopped kernels should nibble carefully — or eat something else. Insurance broker Steve Kaplan says he encountered a double dud while watching the movie …

American E&S Appoints Insurance Broker in Fresno

American E&S Insurance Brokers has appointed Frank Cardoso senior vice president and broker in its Fresno, Calif., branch. Most recently serving as president of Network E&S Insurance Brokers, Cardoso has nearly 20 years experience in the insurance industry. He specializes …

Willis Completes HRH Acquisition

Willis Group Holdings Limited has completed its $2.1 billion acquisition of Hilb Rogal & Hobbs Company (HRH), one of the world’s largest insurance and risk management intermediaries. The move doubles Willis’ revenues and geographic presence in North America and strengthens …

N.Y. Insurance Chief Would Vet Greenberg Bid for AIG Units

New York Insurance Superintendent Eric Dinallo, charged with overseeing any sales of American International Group Inc.’s insurance units, said Wednesday he would consider bids from former AIG CEO Maurice Greenberg. Greenberg, in a letter to AIG CEO Edward Liddy Monday, …

Kentucky Regulator Takes Action against Global Healing Society

Under an order issued by the Kentucky Department of Insurance, the Global Healing Society, of Puyallup, Wash., would pay a $30,000 civil penalty and cease operating its unauthorized insurance business in the commonwealth. In addition, the order requires Global Healing …

Broker Uses AIG’s Problems to Create a ‘Super’ Product

“We hoped we were wrong,” said Peter Taffae, managing director of Executive Perils Inc., of the financial troubles that recently befell American International Group. In early June 2008, Taffae and several of his colleagues began to hear alarm bells surrounding …

Brownyard Names Exclusive Agent in Southwest for Pest Control Program

Brownyard Group, a program administrator, has appointed Lovitt & Touche as its exclusive agency in Arizona and Nevada for the Brownyard pest control program, PCOpro. Lovitt & Touche, with headquarters in Tuscon, Ariz., is a large regional broker with additional …

Insurance Institute for Highway Safety Says Booster Seats Not Doing Job

The Insurance Institute for Highway Safety has found that booster seats are doing a poor job of improving the fit of lap and shoulder belts for children. Booster seats are meant to do one thing — elevate children so that …

XL Insurance Opens Boston Office

XL Insurance, the global insurance operations of XL Capital Ltd, has opened a new regional office in Boston. The office, located at 470 Atlantic Avenue, will provide insurance agents, brokers and their clients in the region local access to XL …

North Carolina Insurance Department Hosts International Burn Conference

The North Carolina Department of Insurance Office of State Fire Marshal and the UNC Healthcare Jaycee Burn Center are the co-hosts of the 2008 World Burn Congress in Raleigh. Each year more than 500,000 people are treated for burn injuries, …