Archive for January, 2010
Louisiana Insurance Department Appoints Cherry to Direct Public Affairs
Louisiana Commissioner of Insurance Jim Donelon has named Lori Joubert Cherry to serve as Deputy Commissioner of Public Affairs where she will manage the department’s public relations …
Louisiana Insurance Department Appoints Cherry to Direct Public Affairs
Louisiana Commissioner of Insurance Jim Donelon has named Lori Joubert Cherry to serve as Deputy Commissioner of Public Affairs where she will manage the department’s public relations …
Former Illinois Mayor Gets Year for Taking Insurance Business Payoffs
The 81-year-old former mayor of Niles, Ill., was sentenced to a year and a day in federal prison for taking thousands of dollars in exchange for steering businesses to a friend's insurance …
North Dakota’s Pomeroy Says He’d Decline Insurance Lobbying Post
North Dakota Rep. Earl Pomeroy, who has been mentioned as a potential president of a Washington organization that represents life insurance companies, said he would not accept the position. “If …
Calif. Low Cost Auto Insurance Program Participation Up 19%
California Insurance Commissioner Steve Poizner announced that the California Low Cost Automobile Insurance Program (CLCA) saw an
New York-based Equity Firm Invests $20M in Michigan Brokerage
Greenhill Capital Partners LLC announced it has invested $20 million in Acrisure LLC, a Midwest insurance brokerage company headquartered in Grand Rapids, Mich. Formed in 2005, Acrisure has …
Two Execs Join Zurich’s Energy Casualty Business Unit
Insurer Zurich said it is expanding its presence in the U.S. energy casualty insurance market by adding two new executives to its Commercial Energy Casualty business unit
Calif. Insurance Commissionr Insurance Says His Post Should Be Appointed
California
Oklahoma Under Emergency Declaration as Winter Storm Shuts Down State
Oklahoma, Gov. Brad Henry declared a state of emergency for all 77 Oklahoma counties and state officials implemented emergency response preparations as a winter storm blanketed the state overnight …
Louisiana Comp Costs Per Claim 35% Higher than Most States
The costs per all paid workers’ compensation insurance claims in Louisiana averaged 35 percent higher than the typical study state, according to a Massachusetts-based research group that …
Congress to Probe Toyota Recalls
Congressional investigators Thursday sought documents from Toyota Motor Corp and U.S. safety regulators about a pair of safety recalls the automaker was racing to address.
Hurricane Ike Claims Total Nearly $12B in Texas
Hurricane Ike, which
Texas Agent and Former Windstorm Association Chair Dies at 81
Corpus Christi independent insurance agent and former Texas Windstorm Insurance Association chairman, Lloyd L.
AIG Financial Product Employees Accept Retention Pay Cuts
Most current employees at the financial products unit of American International Group Inc. eligible for money owed them under a retention plan told the company they would accept less money in …
2010 Will Challenge Calif. Insurance Agents, But Bright Spots Ahead
In 2009, independent insurance agents and brokers faced a “perfect storm” of economic downturn, premiums were a fraction of what they used to be, unemployment and home foreclosure …
Georgia House Lawmakers Send Texting Ban Bill to Study
Georgia lawmakers are taking a closer look at texting while driving legislation proposed last week.
Mississppi Judge in Scruggs’ Downfall Looks Back on Career
Outside Mississippi's 3rd Judicial District, Henry Lackey is best known as the judge whose integrity and intrepidness led to the downfall of famed trial lawyer Dickie Scruggs and several …
IBA West Pacific Northwest Chapter Joins Big ‘I’ Washington
Insurance Brokers and Agents of the West (IBA West) has disbanded its Pacific Northwest Chapter and joined forces with the Independent Insurance Agents and Brokers of Washington (Big “I” …
Insurance Brokers and Agents of the West Names Officers, Award Winner
Insurance Brokers and Agents of the West (IBA West), awarded the Ramsden/Sullivan Memorial Award to Robert B. Suhr and slated its officers and directors for 2010 at its annual meeting. Suhr is a …
Cummings Named Senior Vice President for CCBSure Program
Maryland-based RPS-ISG International has appointed Estelle Cummings as the company’s area vice president of sales for its CCBsure technology program. Cummings oversees new business …
Surplus Lines Association of California Elects New Officers
The Surplus Lines Association of California elected new officers and directors at its annual meeting. The officers are: Chairman Les Ross of Crump Insurance Services Inc.; Vice Chairman Pat Hanley …
Mandatory Seat Belt Bills Clear Virginia Senate
The Virginia Senate has passed a bill to allow police to pull over and ticket drivers for not wearing a seat belt.
Zurich Eyes Brazil Growth
Swiss Insurer Zurich Financial Services
Kansas City Agent Convicted of Fraud Sentenced to 15 Years in Jail
The Kansas Insurance Department (KID) reported that a former Kansas City-area insurance agent has been convicted on federal charges of insurance and mortgage fraud, and
Workers’ Comp Costs per Claim in Minnesota Lower than Most States
Workers’ compensation costs per claim for injured workers in Minnesota are among the lowest of 15 states, according to a new study by the Workers Compensation Research Institute (WCRI). The …
A.M. Best Assigns Wisconsin’s Ellington Mutual Insurance a ‘B+’ Rating
A.M. Best Co
Obama Job Drive Earns Business Plaudits at Davos
Wall Street executives welcomed U.S.
Californians To Vote On Auto Insurance Persistency Discount
Californians for Fair Auto Insurance Rates has gained enough support to place a voter initiative on the June 8, 2010 ballot, aimed at rewarding drivers who have had insurance for some time to be …
New Orleans Hospital Settles Post-Katrina Wrongful Death Lawsuit
Pendleton Memorial Methodist Hospital in New Orleans and its corporate parent have settled a wrongful-death lawsuit brought by the family of a 73-year-old woman who died after Hurricane Katrina …
Texas Workers’ Comp Medical Costs per Claim Stabilized
Medical costs per workers’ compensation claim in Texas were stable in 2007, following several years of dramatic decreases, according to a new study by the Workers Compensation Research …