Monthly Archives: <span>August 2010</span>

Oklahoma Insurance Commissioner Holland to Face Doak in November

Longtime insurance agent John Doak of Tulsa has defeated former Insurance Commissioner John Crawford of Oklahoma City for the Republican nomination for state insurance commissioner. In the only statewide race on the ballot, Doak kept Crawford from returning to the …

Owner of Pit Bulls in Illinois Town Must Buy $100K in Liability Coverage

Two pit bulls accused of running at Elgin, Ill., Mayor Ed Schock have been labeled as “dangerous,” meaning they will be under a number of restrictions under a new city ordinance. Under the designation, the dogs now must be licensed …

Georgia Advised to Apply for Health Insurance Scam Refund

Georgia Insurance Commissioner John W. Oxendine said Georgians who purchased a health insurance plan from American Trade Association, Inc. or its affiliates have until August 31, 2010 to request a refund of premium from this unauthorized insurer. American Trade Association …

Danielle Again a Category 2 Hurricane; TS Earl Forms in Atlantic

Hurricane Danielle has recovered some strength, and is once again a “category two hurricane on the Saffir-Simpson hurricane wind scale,” according to the most recent bulletin from the National Hurricane Center in Miami at 11:00 a.m. AST. The storm is …

Ratings Recap: PartnerRe, Oriental

Fitch Ratings has affirmed the ratings of PartnerRe Ltd. with a negative outlook. The affirmation follows an “updated review of PartnerRe’s financial performance, capital position, liquidity, and investment exposures,” said Fitch. The rationale for the ratings includes the company’s” strong …

S&P Affirms Markel’s ‘BBB’ Ratings; Outlook Negative

Standard & Poor’s Ratings Services has affirmed its ‘BBB’ unsolicited counterparty credit rating on Markel Corp. However, S&P said the “outlook on Markel remains negative.” Credit analyst Taoufik Gharib explained: “The affirmation reflects Markel’s strong competitive position in the excess …

Fireworks Caused Boston’s Massive Warehouse Blaze

Firefighters investigating what they’ve described as the biggest blaze in Boston in decades say it was caused by some men setting off fireworks from the roof of a nearby building. Fire department Lt. Hank Sheridan said Tuesday the men caused …

William Gallagher Associates Acquires Paradigm

Boston-based broker William Gallagher Associates has acquired Paradigm Associates, a health and welfare benefit plan consulting group headquartered in Braintree, Massachusetts. Paradigm Associates was founded in 1995 and has a client base of 85 organizations with particular expertise in health …

Eastern Insurance Announces CEO Succession Plans

Eastern Insurance Holdings said founder and CEO Bruce M. Eckert will step down at the end of the year and President and Chief Operating Officer Michael L. Boguski will assume the top executive for the role of president and chief …

Report: Insurers Probed Over Baseball Teams’ Financial Data Leak

The New York Times has reported that a Major League Baseball investigation into leaked financial documents is focused on insurance companies that do business with clubs. The Times reported the companies under investigation sell liability insurance for top-level team executives …