Michigan Gov. Jennifer Granholm, a Democrat, has appointed Linda Watters, president and CEO of Detroit Commerce Bank, as the new commissioner of the Office of Financial and Insurance Services (OFIS). She will begin April 28. OFIS is responsible for the …
Virginia-based Hilb, Rogal and Hamilton Company reported record financial results for the first quarter ended March 31, 2003. For the first quarter, total revenues were $142.0 million, compared with $99.9 million a year ago, an increase of 42.2 percent. Commissions …
A fire investigator’s ability to support a credible opinion regarding the possible origin and cause of a fire could be seriously diminished if a proposed change regarding the use of evidence gathered by visual observation is adopted by the National …
Florida’s state senators began receiving the first batch of “a million messages” from constituents Wednesday urging them to join Governor Jeb Bush and the Florida House in fixing the broken medical liability system. The messages came in the form of …
The Florida House State Administration Committee approved H.B. 1837, designed to cut workers’ compensation costs by limiting lawsuits and making it more difficult to prove compensation for injuries, according to the National Association of Independent Insurers (NAII). “This bill in …
Navigators Pro, a division of Navigators Management Company, a subsidiary of The Navigators Group, Inc. (www.navg.com), has introduced the IDL InNAVation(SM) coverage endorsement to its traditional primary directors and officers (D&O) liability policy. IDL InNAVation(SM) increases security and certainty to …
American Safety Insurance Group, Ltd. announced results for the fourth quarter and full year ended Dec. 31, 2002. Total revenues for the fourth quarter of 2002 decreased 35 percent to $29.7 million compared to the same quarter of 2001. The …
Standard & Poor’s has affirmed its ‘AA’ financial strength rating on Top Layer Reinsurance Ltd. (Top Layer), a Bermuda-based reinsurer of risk-remote property catastrophe exposure, based on support from the company’s parents and a $3.9 billion reinsurance contract. Top Layer …
Pennsylvania Commissioner Diane Koken has closed down the reported illegal insurance operations of the following entities: Harbour Entertainment and Sports Insurance and its agent Clarence Hall, Vanguarde Asset Group, Inc. and its president Dwayne Samuels. Additionally, she has assessed fines …
The Alliance of American Insurers (AAI) is opposing passage of a bill heard Tuesday by a Massachusetts legislative panel that would add fuel spill coverage to the standard homeowners insurance policy. HB 1961 mandates that insurers writing homeowners insurance in …