Monthly Archives: <span>September 2006</span>

Marsh & McLennan Cutting 750 Jobs

Marsh & McLennan Cos. Inc., the world’s biggest insurance brokerage, said last Friday it will cut 750 jobs, consolidate some locations and revamp its information technology structure to cut costs. Marsh & McLennan, which has struggled with profitability since it …

Lawsuit in Va. Boating Deaths Settled for $2.75M

A man who pleaded guilty to causing the boat accident that killed a couple on Smith Mountain Lake has agreed to settle a lawsuit filed against him by their estates. Mark de Tournillon Sr. agreed Friday to a $2.75 million …

Minn. State University Agrees to $5.25 Million Settlement

Minnesota State University, Mankato,and an insurance company have agreed to a $5.25 million settlement stemming from a crash that killed three students and injured four other students last year in Michigan. Attorney Nick Frentz, who represents the family of one …

N.D. Insurance Agent Ordered to Stop Selling Promissory Notes

A North Dakota insurance agent has been ordered to stop selling promissory notes or other securities after he failed to repay investors, the state securities commissioner says. Securities Commissioner Karen Tyler issued the order to David A. Skjerven, 59, earlier …

Agency Management Resource Group Hosts Agribusiness Conference

Agency Management Resource Group is hosting its first annual Agribusiness Conference at Lake Shastina Golf Resort in Northern California. The event will be held on Thursday, Oct. 5 and Friday, Oct. 6, 2006, from 8 a.m. to 5 p.m. The …

London American Risk Specialists, Inc. Introduces Utility District Program

Houston, Texas – London American Risk Specialist, Inc. is pleased to introduce a utility district program offered by an A.M. Best Rated A+XV admitted carrier. This program is designed for populations 75,000 and under and targets: • Electric Distribution • …

Kentucky’s Pile Heads New Officers for National PIA

The new national officers of the National Association of Professional Insurance Agents were installed during the group’s September 10 board of directors meeting held in Savannah, Georgia. Each of the officers will serve one-year terms that begin on October 1, …

Conn. AG Says GEICO to Pull ‘Misleading Charo’ Ad

Connecticut Attorney General Richard Blumenthal said that GEICO insurance company has said it will no longer run what Blumenthal claims is “a false and misleading television advertisement” in the state that claims the company repairs cars in a few days …

Fla. Orders Universal Underwriters Return $5.3M in Overcharges

The Florida Office of Insurance Regulation has ordered Universal Underwriters Insurance Co. to return what the state says are $5.3 million in overcharges to 526 commercial policyholders. According to Florida Insurance Commissioner Kevin McCarty, the premiums charged on hundreds of …

Tenn. Ethics Panel Powerless to Probe Travel Assured Ties

Ethics panel can’t take up complaints over travel insurance Received by Newsfinder from AP Sep 14, 2006 12:17 Eastern Time NASHVILLE, Tenn. (AP) _ Consumers want the state’s new Ethics Commission to investigate ties between state officials and a Crossville-based …