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

Financial Relief on the Way to Alabama for Tornado Damage

Residents and business owners in several northeast Alabama counties will get financial help to rebuild and repair property affected by the severe storms and tornado on May 11. Officials announced May 16 that beginning May 19 residents of Cleburne, Calhoun, …

Solera National Bank, Allstate Enter Partnership

Solera National Bank, a wholly-owned subsidiary of Solera National Bancorp Inc. has announced a a strategic partnership with James Muniz, Exclusive Agent for Allstate Insurance Co., whereby Allstate will establish a satellite agency office in each of Solera’s existing and …

88 Fires Burning Across Florida Causing Smoky Conditions

Many Florida residents are experiencing smoky conditions because of a large fire in the Everglades and other fires throughout the state. The Florida Division of Forestry says there are 88 active fires across the state that have burned almost 44,000 …

Contract Dispute Could Force Insurance Group to Drop Ritzy Greenbrier Resort

A labor-management dispute at a luxury resort in West Virginia is forcing the Council of Insurance Agents & Brokers — a longtime customer — to search for alternate venues for its conferences. The group of commercial insurance agents and executives …

Oklahoma Senate Approves Measure to Curb Copper Theft Epidemic

The Oklahoma Senate has approved legislation intended to curb the growing problem of copper theft. Senate Bill 1856, authored by Sen. Cliff Branan, R-Oklahoma City, would increase fines and punishments for the crime of copper theft and require more stringent …

North Carolina Insurance Examiner Missing, Agent Arrested for Murder

An agency examiner with the North Carolina Department of Insurance is missing and a Union County insurance agent is in custody charged with the examiner’s murder. Sallie Rohrbach, 44, went missing on May 14 after completing a routine audit of …

Young Promoted to VP in Colemont’s Texas Office

Dallas-based Colemont Insurance Brokers promoted Su Young to vice president in Colemont’s Texas office. Young joined Colemont in 2001 as part of the Texas financial services team and is located in Houston. She specializes in D&O, employment practices, fiduciary, crime …

Austin Faces $50 Million in Wind and Hail Damage

Insured losses from the strong winds and large hail that pummeled Austin, Texas, on the night of May 14 may rise to $50 million, the Insurance Council of Texas reported. Claims from damaged homes and automobiles continue to come in. …

Encompass Adds New Products for Independent Agents in Minnesota

Minnesota insurance agents now can offer customers a new product that combines accident forgiveness and more discounts with rating tiers to help keep rates competitive, according to Northbrook, Ill.-based Encompass Insurance. New Encompass Edgesm offes agents the flexibility to write …

Mass. Insurance Agents Vow to Protect Right to Auto Policy Ownership

Massachusetts independent insurance agents are unhappy about a state ruling that they believe erodes their ownership of their customers’ auto policies and denies them proper payment on certain high risk policies. The agents plan to ask the state Legislature to …