People Managing general agency and surplus lines wholesaler U.S. Risk Insurance Group Inc. named Terri Haselden vice president and manager of the Dallas Commercial Underwriting Department. Haselden, an experienced underwriter with more than 20 years of insurance industry experience, also …
Word-of-Mouth Marketing Yields Big Results
New study reveals the value of clients who refer new business is priceless A firm’s most valuable customers are not necessarily those who buy the most. Instead, customers who refer new business can be worth as much as the big …
Case Watch
Bad Faith Texas Mut. Ins. Co. v. Ruttiger Texas App. 1st Dist. Jan.17, 2008 Bad faith cause of action lies against workers’ compensation carrier. An individual was injured on the job. The workers’ compensation carrier refused to pay for the …
It Figures
13 Arkansas Gov. Mike Beebe declared 13 counties state disaster areas due to the damage caused by powerful tornadoes and violent thunderstorms on Feb. 5. The counties are Baxter, Conway, Franklin, Independence, Izard, Marion, Newton, Pope, Randolph, Sharp, Stone, Union …
South Central Agencies Recognized by Big ‘I’ for ‘Best Practices’
Two independent agencies from South Central states were among the six insurance firms from across the country recognized in January 2008 as “Top Performing Agencies” by the Independent Insurance Agents & Brokers of America (the Big “I”) and Reagan Consulting, …
New Markets
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Karate Sports & Fitness Insurance, a national underwriting facility specializing in sports and fitness facilities, …
Declarations
Personal Responsibility “My helmet prevented me from being a brain injury patient when I crashed my Harley two years ago.” —U.S. Transportation Secretary Mary E. Peters comments on legislation to Congress that seeks greater flexibility for states to target one …
S.C. Gov. Sanford, Workers’ Comp Panel Payment Spat Reaches Court
A struggle between South Carolina Gov. Mark Sanford and a commission that determines how much money injured workers receive is now in federal court. A restraining order blocking the state Workers’ Compensation Commission from following an executive order issued by …
Miss. Insurance Commissioner Race Money Difficult to Trace
Republican Mike Chaney said he spent around $1 million to win the Mississippi insurance commissioner’s race in 2007. “It’s obscene to spend that much money on an election for a job that pays less than $100,000 a year,” Chaney said, …
Business Moves
Mercator, Tennant Risk Services Mercator Risk Services, a specialty wholesale insurance broker, acquired Tennant Risk Services Insurance Agency LLC, a Hartford, Conn.-based wholesale broker and underwriting manager. Terms of the transaction were not disclosed. Tennant Risk Services specializes in errors …
