Monthly Archives: <span>April 2008</span>

People

The Main Street America Group board of directors promoted two and appointed two to officer-level positions. The Jacksonville, Fla.-based company promoted John Thompson to vice president, operational controller and Dean Dorman to assistant vice president, actuarial. The board of directors …

Indicted Alabama Insurance Executive Blames Political Retaliation

A Montgomery, Ala. insurance executive indicted by a federal grand jury is blaming his legal problems on political retaliation by Republicans, including the governor, a politician the executive once supported but later sued. “If these politicians think they can intimidate …

Florida Sues Insolvent Poe Directors Over Recovery

The Florida Department of Financial Services filed a civil lawsuit against the officers, directors and affiliates of three former Florida insurance companies, according to Chief Financial Officer Alex Sink. Lawyers for DFS, the court-appointed receiver of Atlantic Preferred Insurance Co., …

Declarations

Poe Suit “Florida’s insurance consumers were forced to foot the bill when the Poe Companies became insolvent so that policyholders could have their claims paid. We will aggressively pursue any opportunity to recoup additional funds to reduce the assessments levied …

Insurers Keen on NCAA’s Basket-full of Opportunities

The Hartford and XL Insurance pursue insurance industry’s love affair with sports-related, 360-degree marketing The University of Kansas men’s basketball team may have been the big winner in the recent NCAA championship — but when it comes to the NCAA’s …

Invasive Weed Adds Fuel to Fire Risk in Parched Southeast

An invasive weed that already has infested more than 1 million acres nationwide continues to spread across the parched Southeast, and experts say the region’s drought makes the highly flammable intruder more threatening than ever. Cogon grass, known for its …

Mississippi Wind Pool Rates Reduced

Mississippi Insurance Commissioner Mike Chaney approved an average 11 percent rate reduction filed by the Mississippi Windstorm Underwriting Association. The reductions vary according to geographic zones and go into effect after June 1. They will apply to new policies and …

State-Federal Showdown Over Real ID License Averted … For Now

The clash between the states and the federal government over nationwide rules to make driver’s licenses more secure has ended — for now. A truce, of sorts, between the 50 states and the U.S. Department of Homeland Security, has kicked …

People Michigan-based J.M. Wilson recently announced three new staff members, Danielle Crandell, Eric Maus and Jeanne Callan. Crandell was hired as a transportation underwriter. She will service commercial trucking accounts for customers in Ohio, Kentucky, Pennsylvania and West Virginia. She …

N.D. Jury Awards Couple More Than $2 Million on Bad Faith Claim

A federal jury has awarded the mayor of a small North Dakota town more than $2 million in a lawsuit over an insurance company’s failure to pay a claim after a fire. Timothy and Sylvia Moore sued American Family Insurance …