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

U.S. Risk Names Greer a Senior Broker in Austin Office

Managing general agency and surplus lines wholesaler U.S. Risk Insurance Group Inc. has appointed Tony Greer as senior broker in its Austin, Texas, office. Greer has five years of experience in the insurance industry and specializes in property, inland marine …

Argo Surety Expands Capacity, Establishes Presence in Chicago

Argo Surety, a member ofArgo Group International Holdings, has established a presence in the Chicago area with the appointment of Dan Carlson as vice president for North Central and Western U.S. Regions. In addition, it is now offering up to …

Wells Fargo Insurance Appoints Wylie to Lead Chicago, Milwaukee Offices

Wells Fargo Insurance Services USA Inc., part of Wells Fargo & Co., has named James S. Wylie senior vice president and managing director for its Chicago and Milwaukee offices. Wylie will oversee all operations including client service and sales, market …

Texas Attorney Arrested for Alleged Bribery Schemes in Personal Injury Cases

An Austin attorney was arrested Aug. 22 on federal racketeering charges alleging bribery of an already-convicted Texas judge, as well as witnesses in state and federal cases. Marc Rosenthal’s indictment is only the latest of several tied to former state …

Minnesota Seeks to Bolster Insurance Regulation with Commerce Dept. Changes

The Minnesota Department of Commerce has undergone a reorganization that includes a new Division of Insurance aimed at unifying and strengthening insurance regulation in that state. The Minnesota Division of Insurance houses the department’s insurance units, unifying regulatory oversight of …

Ratings Roundup: AMEX Assurance, SeaBright

A.M. Best Co. has upgraded the issuer credit rating to “a+” from “a” and affirmed the financial strength rating of ‘A’ (Excellent) of AMEX Assurance Company, a wholly owned subsidiary of American Express Company. The outlook for both ratings is …

Calif. Court Rules on Benefit from Negotiated Rate Differential

California’s highest court has ruled that accident plaintiffs may only recover economic damages equal to the amount paid by their insurer and not the higher amount billed. The opinion stated that “the negotiated rate differential is not a benefit provided …

Earthquake Hits Rural Colorado, Too

Virginia’s earthquake isn’t the only notable temblor to hit the United States this week. On Monday the largest earthquake to strike Colorado in almost 40 years shook hundreds of people in the southern part of the state and in northern …

North, South Carolina Coastal Insurance Plans Ready for Hurricane Irene

Caught square in the path of Irene, the first major hurricane of the season, the coastal insurance plans in North and South Carolina are prepared to absorb what may be their first major losses in years. Both plans appear to …

Michigan Hospital Gets Settlement from Utility Over Freezing Death

About $323,000 has been awarded to a hospital as part of a civil suit filed by the family of a 93-year-old Bay City man who froze to death after a power-limiting device was placed on his electricity meter because of …