Monthly Archives: <span>April 2011</span>

HCC Insurance Holdings Appoints Williams as President

Houston-based HCC Insurance Holdings Inc. announced Christopher J.B. Williams has been named president of HCC, effective May 1, 2011. In addition, Williams will be appointed to serve as chief executive officer on or before May 31, 2013, the company said. …

Brodbeck Named Trusted Choice Hometown Hero in Texas

The Indpendent Insurance Agents of Texas (IIAT) has named Randy Brodbeck of the Adams Insurance Agency in Johnson City as its newest Trusted Choice Hometown Hero. The Hometown Hero program recognizes Trusted Choice insurance agents who go above and beyond …

North Dakota Becomes 31st State to Ban Texting While Driving

North Dakota the 31st state to ban texting behind the wheel, according to U.S. Transportation Secretary Ray LaHood who praised North Dakota Governor Jack Dalrymple for signing a new law banning the practice. The new law, which becomes effective August …

SIA of Northern Ohio Adds 40th Insurance Agency

SIA of Northern Ohio (SIANO) has appointed Myers-Ziemke Insurance Agency in Monroeville as its 40th member, the agency network announced. Founded by Ewers in 2001, SIANO is a master agency with The Strategic Insurance Agency Alliance (SIAA). SIAA master agencies …

Lawmakers Question Louisiana Governor’s Insurance Privatization Plan

Louisiana Gov. Bobby Jindal’s top financial advisor has defended the administration’s proposal to hire a private company to run a state worker and retiree health insurance program, rebutting complaints the privatization would boost health care costs to generate short-term cash …

Illinois Insurance Dept. Issues Warning on Adjusters; Urges Flood Coverage

The Illinois Department of Insurance is warning homeowners about unsolicited offers of help from insurance adjusters after recent storms in southern Illinois. The agency says these unaffiliated adjusters claim they can get bigger settlements for homeowners from their insurance companies. …

Best Affirms AEGON USA Group’s Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the life/health subsidiaries of Netherlands-based AEGON N.V.’s U.S. operations. AEGON’s U.S. life/health companies are collectively referred to as AEGON …

AIG Files Lawsuit Against Two Money Management Firms

American International Group sued two money management firms Thursday as the bailed-out insurer launched a fight to recoup billions of dollars it said it lost due to fraud. The insurer, 92 percent owned by the U.S. government, sued ICP Asset …

Study: High Gas Prices Lead to Fewer Auto Accidents

As gasoline prices reach $4 a gallon throughout the nation, pain at the pump seems to have at least one silver lining for drivers and insurers. The rising cost of gas also drives a decline in all traffic accidents, including …

Towers Watson Names Osean as VP, Property Insurance

Towers Watson named Brendan Osean as vice president, property insurance, in its insurance brokerage business. In his role, Osean will be responsible for overseeing the design and placement of commercial property insurance programs for U.S.-based and international companies, as well …