Monthly Archives: <span>May 2007</span>

Ark. Law Firm Opens Insurance Practice in Austin, Texas

Mitchell, Williams, Selig, Gates & Woodyard P.L.L.C., a law firm with offices in Little Rock and Rogers, Ark., announced it has expanded into Texas with the opening of a third office in Austin. Bill Bingham, former Deputy Commissioner for Regulatory …

Texas Mutual Pays $1.1M Dividend to Texas Construction Group

Texas Mutual Insurance Company will return a $1,156,031 dividend to the Texas Construction Association (TCA) purchasing group, the workers’ comp insurer announced. The dividend was based largely on the group’s growth and favorable loss ratio. Texas Mutual Insurance Company has …

Mich. Jury Awards $315,000 to Ex-parishoner of Lansing-area Church

A jury recently awarded about $315,000 to a woman whose fall during a service led to a falling-out with her former church and pastor. Judith Dadd, 52, of Lansing, accused Mount Hope Church of negligence and its pastor, David R. …

Expert: Coastal Overdevelopment Will Worsen Fla.’s Insurance Woes

Construction of new high-rise developments on vulnerable barrier islands will continue to exacerbate Florida’s property insurance crisis, according to Robert Hartwig, Ph.D., president and chief economist of the Insurance Information Institute, a national organization devoted to improving public understanding of …

Iowa EMC Insurance Reports Midwest Tornado Losses at $21 Million

EMC Insurance Cos. said it expects to see losses of up to $21 million from storms last weekend, including devastating tornadoes that killed at least 11 people in Kansas. Des Moines-based EMC insures several businesses and homes in Greensburg, Kan., …

ACE to Pay $9 Million in Pennsylvania to Settle Bid-Rigging Allegations

The parent company of ACE INA Holdings Inc., a Pennsylvania insurance company, will pay a record $9 million to settle allegations of bid-rigging and market collusion, according to Acting Pennsylvania Insurance Commissioner Randy Rohrbaugh. The payment includes a $6 million …

Acura, Ford Family Cars Earn Top Insurance Safety Award

The 2007 Acura MDX luxury SUV plus the 2008 Ford Taurus and twin Mercury Sable large family cars earn the Insurance Institute for Highway Safety’s To Safety Pick award. Vehicles earning this designation afford “superior overall crash protection” among the …

S&P Raises Rating on Lloyd’s Advent Syndicate 0780; Outlook Positive

Standard & Poor’s Ratings Services has raised its Lloyd’s Syndicate Assessment (LSA) on Advent Underwriting – Syndicate 0780 to “2” from “2-” with a positive outlook. “The upgrade reflects the improvements made to the syndicate’s underwriting controls, and the reunderwriting …

Best Puts SCOR, Converium Ratings Under Review- Negative & Positive

A.M. Best Co. has placed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit ratings (ICR) of “a-” of France’s SCOR Group and its rated subsidiaries under review with negative implications, along with all of its debt …

Dr. Simic to Head AIR’s London Office

AIR Worldwide Corporation announced that Dr. Milan Simic has been appointed managing director of AIR Worldwide Ltd., the Group’s London office. He will be responsible for managing strategic operations in London, including overseeing the client services, software services and business …