Monthly Archives: <span>December 2004</span>

Nicks Named Regional President, Southern Region, for Hanover Insurance Company

The Citizens and Hanover Insurance Companies announced the appointment of Robin Nicks as regional president of Hanover Insurance Company’s Southern region, including the companies’ Atlanta, Dallas, New Orleans, Richmond and Tulsa offices, effective immediately. Nicks will be responsible for all …

Louisiana ABC Coalition Launches Medicare Initiative

The Louisiana Department of Insurance’s Senior Health Insurance Information Program (SHIIP) has joined forces with the Louisiana Rural Health Association (LRHA) to create the Louisiana Access to Benefits Coalition (ABC)—a rural Louisiana Medicare outreach and education program. Louisiana ABC is …

Many Texans May Lack Coverage for Winter Weather

Texas homeowners now have a variety of homeowners insurance policies from which to choose and not all of them provide coverage for water damage caused when frozen water pipes burst or leak. Robert Ramsower, the president of the Association of …

Ark. Issues Reminder of Credit Scoring Reports

The Arkansas Insurance Department recently issued a reminder to property and casualty insurers operating in the state of the requirement to submit a report to the department concerning companies’ use of credit scoring in writing personal lines of insurance. Arkansas …

Texas to Receive $1M from Multi-State Settlement with Disability Insurers

The Texas Department of Insurance announced its participation in a nationwide settlement with three disability insurers owned by UnumProvident Corp. over allegations of improper claims handling practices. The settlement was reached by lead insurance regulators in Maine, Massachusetts and Tennessee …

Hardie Building Group $1.1 Billion Asbestos Settlement is Largest in Australian History

Although asbestos was used in such disparate products as building insulation and brake linings, in its raw form it came out the ground, and nobody in Australia mined and processed more of it than the James Hardie group. Therefore it …

Md. Gov. Ehrlich Calls Special Med-Mal Session But Details of Proposal Remain Unclear

Days after Gov. Robert Ehrlich announced he had reached an agreement with top legislative leaders to call a special session of the legislature to work on medical malpractice insurance reform, details of the agreement remain largely a mystery. Dennis O’Brien, …

The Hartford Latest Insurance Company to Hire Top Prosecutor to Deal with Blizzard of Subpoenas

The Hartford Financial Services Group has hired a top federal corruption prosecutor in Connecticut amid a wave of state investigations into the insurance industry. The Hartford, which has been subpoenaed by attorneys general in several states and is facing an …

Saunders to Head Navigators Excess Casualty Unit

Navigators Management Company, a subsidiary of The Navigators Group, Inc., announced the formation of a new unit to expand its excess casualty business, specializing in commercial excess and umbrella liability insurance. Jeff Saunders has been named Sr. VP of the …

Best Affirms Hannover Re, Subs Ratings; Revises Outlook to Stable

A.M. Best Co. announced that it has affirmed the “A” (Excellent) financial strength rating of German reinsurer Hannover Rückversicherung AG (Hannover Re) and its core subsidiaries. At the same time Best also affirmed, the “bbb+” ratings on the subordinated debt …