Monthly Archives: <span>January 2012</span>

United Fire Group Names Sullivan West Coast Regional Manager

United Fire & Casualty Co. has named Ed Sullivan to West Coast regional manager for its regional office in Rocklin, Calif. In this position, Sullivan will be responsible for the overall performance of the West Coast regional office. Sullivan has …

Consumer Group Charges Auto Insurers with ‘Disparate Treatment’ of Low Income Families

A consumer group on Monday issued a study that alleges “disparate treatment” of low-to moderate-income families by auto insurers nationwide. The group is asking state insurance commissioners to consider lowering minimum liability coverage requirements and creating low-income purchase programs. The …

Ratings Roundup: Fuji Fire, Greenlight Re

A.M. Best Co. has upgraded the financial strength rating to ‘A-‘ (Excellent) from ‘B++’ (Good) and the issuer credit rating to “a-” from “bbb+” of The Fuji Fire & Marine Insurance Company, Limited, and has removed both ratings from under …

Heffernan in Orange County Names Albanese SVP, Benefits

Heffernan Insurance Brokers has hired Karen Albanese office as senior vice president in its Orange County, Calif. office, focusing on benefits strategy and administration. Albanese will work out of Walnut Creek, Calif.-based Heffernan’s Los Angeles branch, expanding Heffernan’s reach in …

UPDATE: Insured Loss Estimates from Thailand Floods

Hurst-Bannister to Join Xchanging Ins-Sure Services Board

Global business processor Xchanging announced that Barnabas Hurst-Bannister will join the Xchanging Ins-Sure Services board as a non-executive director in March. He has broad experience with the London and the Lloyd’s market, having served as the chairman of Traveler’s Syndicate …

MetLife to Acquire Aviva’s Czech, Hungarian, Romanian Operations

MetLife, Inc. announced that it has agreed to acquire the life insurance businesses of UK-based Aviva plc in the Czech Republic (Aviva Czech Life) and Hungary (Aviva Hungary Life), and its life insurance and pension businesses in Romania (Aviva Romania …

Insurance Society to Team with UNEP for Sustainable Insurance

The International Insurance Society’s (IIS) annual conclave in June in Rio de Janeiro will see the launch of an initiative in partnership with the United Nations Environment Program Financial Initiative (UNEP FI) of the “Principles for Sustainable Insurance.” The IIS …

Wellpoint Expands Offerings through Alliance with RLJ

Wellpoint and RLJ Insurace Services have developed a strategic alliance that will enhance and expand Wellpoint’s supplier diversity offerings. The two companies will work together to offer medical stop loss products and services to group customers that are looking to …

New Jersey Residents Say Flood Buyout Programs Fall Short

State and federal programs offer homeowners in North Jersey’s flood-ravaged areas a buyout. But the combination of red tape and limited funding is keeping many from that promise and a fresh start in a new and drier location. Nelly Della …