Monthly Archives: <span>April 2005</span>

Credit Scoring, Med-Mal Insurance Dominate Busy Mont. Legislative Session

New Democratic control of the Montana executive and legislative branches proved challenging for insurers who faced uphill lobbying efforts on several fronts in 2005, according to the American Insurance Association (AIA). AIA lobbied to defeat or amend bills to ban …

Arson Awareness Week Runs May 1-7

Next week is National Arson Awareness Week, and this year’s theme, spearheaded by the U.S. Fire Administration and the International Association of Arson Investigators (IAAI) is “School Arson—A Burning Subject.” According to FEMA Regional Director John Pennington, the goals of …

Mich. Tipster Turns up the ‘HEAT’ on Auto Thieves

By providing confidential information to HEAT’s (Help Eliminate Auto Thefts) anonymous tip line, 1-800-242-HEAT, a local HEAT tipster is now $7,300 richer and Romulus, Michigan police have busted a local auto theft ring and arrested three suspects. The tipster was …

Auto Insurance Verification Bill Passed by Texas Senate

Senate Bill 1670, which addresses the problem of uninsured drivers in Texas, was passed by the state Senate. The bill by Sen. Todd Staples, R-Palestine, calls for a $1 fee on motor vehicle license renewals to pay for an insurance …

Texas Senate Passes Asbestos Bill

The Texas State Senate reported that after 10 years of searching for a balanced, bipartisan solution to the increasing number of asbestos lawsuits clogging the state’s courts, it has unanimously passed a measure that proposes to reduce the number of …

PMA Group Names Spina as VP

The PMA Insurance Group, a property and casualty insurer in Blue Bell, Pa., specializing in workers’ compensation, has promoted Mario Spina vice president of direct sales. Spina is responsible for managing PMA Direct, a sales and service team that interacts …

York Insurance Parent Bexil Receives Delisting Notice from American Stock Exchange Over Late Filing

Bexil Corporation (Amex: BXL) confirmed that it received a notice of failure to satisfy a continued listing standard from the American Stock Exchange on April 20, 2005 relating to its obligation to file a Form 10-KSB for the fiscal year …

Willis reports $76 Million Drop in Q1 Net; Announces $300 Million Share Buyback

Global insurance broker, Willis Group Holdings Limited, reported that net income in the quarter ended March 31, 2005 was $72 million, or $0.43 per diluted share, compared with $148 million, or $0.87 per diluted share, a year ago, a $76 …

AIG WorldSource Enhances DBA Insurance Program

AIG WorldSource(R), a division of the Domestic Brokerage Group of American International Group, has announced enhancements to several key components of its Defense Base Act (DBA) coverage program. AIG WorldSource will now provide DBA policies for sub-contractors in conjunction with …

MJM Investigations Adds Conroy to Board

North Carolina-based MJM Investigations Inc. added Michael Conroy to its board. Conroy is currently serving as chief executive officer for WEMED Consulting. Over the past 35 years, Conroy has held numerous senior and executive level positions including senior vice president …