October 22, 2009

10/23 Insurance Journal

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Hawie Named Chief Investment Officer at Louisiana Work Comp Corp.
October 22, 2009 at 12:33 pm

John W. Hawie has been hired by Louisiana Workers' Compensation Corporation (LWCC) as senior vice president and chief investment officer. He left a position as senior vice president and chief ...

Former North Dakota Work Comp Director Appeals Conviction
October 22, 2009 at 12:25 pm

North Dakota's Supreme Court is reviewing the appeal of a former state workers' compensation director who was convicted of misspending more than $26,000 in agency funds. Sandy Blunt was ...

Seifert Named CEO of Bunker Hill
October 22, 2009 at 12:22 pm

Southwest Insurance Partners Inc (SWIP) reported that Arthur Seifert has joined the group as chief executive officer of Houston-based Bunker Hill Insurance Agency (BHIA), its wholly owned ...

State Auto's Net Income Up, Combined Rato Down in Q3 2009
October 22, 2009 at 12:19 pm

Columbus, Ohio-based State Auto Financial Corporation reported third quarter 2009 net income of $13.0 million, or $0.33 per diluted share, versus a net loss of $14.7 million, or $0.37 per diluted ...

Researchers: Hurricane-related Power Outages Can Be Predicted
October 22, 2009 at 11:25 am

Using data from Hurricane Katrina and four other destructive storms, researchers from Johns Hopkins and Texas A&M universities say they have found a way to accurately predict power outages in ...

Torus Specialty Expands Umbrella, Excess Liability Placement Capability
October 22, 2009 at 11:24 am

Torus Specialty, the U.S. subsidiary of global specialty insurer, Torus, announced that it can now write $10 million in capacity for umbrella and excess liability placements. Further capacity ...

Arizona Man Sentenced for Town House Arson
October 22, 2009 at 10:37 am

A Phoenix man has been sentenced to 101/2 years in prison followed by three years probation for setting fire to his rented town house in 2007. Prosecutors say 55-year-old Robert Stuart Reed ...

Gard Joins Jimcor in New Jersey
October 22, 2009 at 10:36 am

Jimcor Agencies has hired Matthew Gard as brokerage specialist in its Montvale, New jersey branch office. Gard has more than 15 years of experience in the commercial lines wholesale industry. ...

Wyoming Farmers File Crop Claims
October 22, 2009 at 10:35 am

Farmers in northern Wyoming are beginning to file crop insurance claims for losses they suffered when sugar beets and other crops froze earlier this month. Larry French of Farm Bureau Financial ...

Report: NYC Construction Down 20 Percent
October 22, 2009 at 10:22 am

A construction advocacy group says spending on building in New York City is expected to drop 20 percent in 2009. In a report released yesterday, the New York Building Congress said sharp ...

Olympic Complex to Be Named for Former Erie Insurance Executive
October 22, 2009 at 10:19 am

A retired Erie insurance executive who donated $10 million toward the University of Pittsburgh's basketball arena is also helping fund an Olympic Sports Complex on campus. John Petersen his a ...

California Police Find Pot Warehouse After Fire
October 22, 2009 at 10:06 am

Oakland police say they've uncovered at least 1,000 marijuana plants after a fire in a warehouse. Fire officials say it took crews about 10 minutes to get the fire under control in the ...

Murder Arrest in 2003 California Wildfire
October 22, 2009 at 9:53 am

Almost six years after a wildfire destroyed nearly 1,000 homes in Southern California, prosecutors say they have enough evidence to charge a prison inmate with arson and murder in connection with ...

Miller Named President-Elect by Academy of Actuaries
October 22, 2009 at 9:43 am

The board of directors of the American Academy of Actuaries has elected Mary Frances Miller as the organization's president-elect. Miller will succeed Ken Hohman as president for the 2010-2011 ...

Makel's Latham Honored By NAPSLO
October 22, 2009 at 9:39 am

The National Association of Professional Surplus Lines Offices, Ltd. (NAPSLO) recently honored John Latham, regional president with Markel, for his contributions as an excess and surplus lines ...

Florida Approves 14.6% Homeowners Insurance Rate Hike for Universal
October 22, 2009 at 9:09 am

Universal Property and Casualty Insurance Co. (UPCIC) reports it has received approval for a premium rate increase for its homeowners program in Florida. The premium rate increase, which will ...

Analysts Forecast Healthy Q3 Reports from Insurers
October 22, 2009 at 8:45 am

If the stock market and weather are any indication, third-quarter earnings reports from insurers will look a lot better than they did a year ago. The big companies, which began their reporting ...

Healthcare Battle Turns to Antitrust Law for Malpractice, Health Insurers
October 22, 2009 at 8:27 am

Democrats in Congress moved Wednesday to repeal the health insurance industry's exemption from antitrust laws, cranking up the pressure in a growing battle over President Barack Obama's healthcare ...

Top Executives at AIG Financial, Other Bailed Out Firms to See Pay Cuts
October 22, 2009 at 8:21 am

Top earners at financial and auto companies bailed out by the U.S. government will see their pay slashed under an Obama administration plan aimed at addressing public outrage over eye-popping ...

Drop in Catastropohe Losses Leads Travelers to Strong Underwriting Gain
October 22, 2009 at 8:19 am

Travelers Companies Inc., the No. 1 publicly-traded U.S. property/ casualty insurer, said its quarterly profit more than quadrupled, strongly beating expectations, as a dearth of costly ...

Search Is On for Medical Malpractice Reform Without Strict Award Limits
October 22, 2009 at 8:05 am

President Barack Obama's willingness to consider alternatives to medical malpractice lawsuits is providing a boost for taking such cases out of the courtroom and letting experts, not juries, ...
 

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