Latest News in Car Insurance – July 27, 2010
July 27, 2010 by Webmaster
Filed under Car - Truck
Wisconsin Flood Damage Exceeds $28.5 Million
Damage from last week's flooding in Milwaukee County, Wis., now exceeds more than $28.5 million, according to Sheriff David A. Clarke Jr. He reported that 6,368 residential homes in Milwaukee …
H. Linwood Insurance Services Writes Commercial Insurance
Headquartered in Carlsbad, Calif., H. Linwood Insurance Services Inc. (HLIS) has opened its doors as a full-service brokerage firm for commercial insurance business in multiple states.
In …
United Fire & Casualty P/C Unit Sees Decline in Premiums, Claims
United Fire & Casualty Co., headquartered in Cedar Rapids, Iowa, reported that net premiums written in its property/casualty sector declined in the three-month and six-month periods ended June …
IJ’s Academy of Insurance Instructor Gears Up for Leadership Training
Kathy Ryan is no stranger to the challenges of leadership in the workplace. For two years, she's been coaching executives of large companies on how to have those tough conversations with employees …
Calif. State Fund Names Rowe President/CEO
The California State Compensation Insurance Fund has named Tom Rowe president, CEO and member of the Executive Committee. He will report directly to the Board of Directors and is responsible for …
Cerda and Henderson Join Chicago-based Alper Services LLC
Independent retail insurance broker Alper Services LLC, headquartered in Chicago, has added Art Cerda and Jennifer L. Henderson.
Cerda was hired as an account manager and joins Alper Services LLC …
Louisiana Sees Decline in Motor Vehicle Theft
Louisiana Insurance Commissioner Donelon reported that motor vehicle theft rates are on the decline in Louisiana. Motor vehicle theft rates declined in 2009 over 2008 by 16.8 percent in four of …
Florida’s MDW Insurance Buys Genesis Risk Advisors
Coral Gables, Florida-based insurance agency MDW Insurance Group has acquired Genesis Risk Advisors.
Terms were not disclosed.
The founders of Genesis Risk Advisors — Gary Farbish, Craig …
Arch Capital Posts $237 Million Q2 Net Income; Operating $132.2 Million
Bermuda-based Arch Capital Group reported net income available to common shareholders for the 2010 second quarter of $237.0 million, or $4.45 per share, compared to $152.1 million, or $2.43 per …
Montpelier Re Reports $70 Million Q2 Net Income; $73 Million Operating
Bermuda-based Montpelier Re Holdings Ltd., which specializes in short-tail reinsurance and other specialty lines, reported financial results for the second quarter ended June 30, 2010.
Fully …
Two Accused of Faking $1 Million in Aflac Claims in Georgia
Two people have been indicted on charges they stole nearly $1 million from insurer Aflac Inc. by filing false insurance claims from 2007 to 2009.
The Columbus Ledger-Enquirer reports that federal …
2 Mississippi Cities Require Pit Bull Owners to Buy Insurance
Pit bull owners in the city of Brandon have two months to obtain permits that require a special pen for the dogs and liability insurance.
Meanwhile, Flowood residents who own pit bulls have one …
Best Assigns ‘A’ Ratings to China Re Group; Outlook Stable
A.M. Best Co. has assigned a financial strength rating of 'A' (Excellent) and issuer credit ratings of "a" to China Reinsurance (Group) Corporation (China Re or the Group) and its subsidiaries, …
Europe’s CEA Expresses Concerns on Reinsurance Tax Proposals
The CEA (Centre d'Etudes d'Assurance), the European insurance and reinsurance federation, has written to the US House of Representatives to express its concerns over proposals to change the US tax …
Goldie to Succeed Clarke as Head of PartnerRe Global Specialty Lines
Bermuda-based PartnerRe Ltd. announced that Charles Goldie has been appointed Head of Specialty Lines, PartnerRe Global, effective September 1, 2010.
The Specialty Lines business unit in PartnerRe …
