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

American Collectors Insurance Names Three VPs

Cherry Hill, New Jersey-based American Collectors Insurance has named three new vice presidents as part of a reorganization effort. Laura Bergan was named vice president of marketing, Debra Maher was named vice president of underwriting and policy service and Melissa …

Texas Supreme Court Justice’s Wife Re-Indicted on Arson Charges

The wife of a Texas Supreme Court justice has been indicted for a second time on charges connected to a fire that destroyed the couple’s suburban Houston home in the summer of 2007. A grand jury indicted Francisca Medina on …

Davidow, Shea Picked to Lead Medicus Insurance Company

Eugenie Shea joined Austin, Texas-based medical liability insurer Medicus Insurance Company as president and chief operating officer. In addition to her responsibilities as president and COO, Shea will also serve as executive vice president of the parent company, Medicus Insurance …

Tyco International to Pay N.J. $73M to Settle Securities Fraud

Tyco International Ltd. has agreed to pay New Jersey $73 million to resolve state charges of securities fraud. The state Attorney General’s office says that under the settlement agreement finalized Wednesday, Tyco will pay $73.3 million to New Jersey’s Division …

La. Senate OKs Regional Deductibles for Homeowners Policies

The Louisiana Senate voted to allow insurance companies to set different, “named storm” deductibles on homeowner policies depending on how far a property is from the hurricane-prone Gulf of Mexico. Louisiana is the only state that requires insurers set a …

Seat Belt Usage Rate Nets $5 million for West Virginia

West Virginia’s efforts to encourage motorists to buckle up have paid off. The U.S. Department of Transportation awarded a $5 million grant April 30 to the governor’s highway safety program because the state has one of the highest seat belt …

North Carolina to Start Enforcing Sandbag Ban

North Carolina officials began inspecting sandbag structures used to protect beach property from coastal erosion, searching for the roughly 150 that must be removed. As part of the process, regulators will inspect all the state’s 370 known sandbag structures. Those …

South Carolina Teens Can Text and Talk while Driving

South Carolina lawmakers decided it’s OK for 15- and 16-year-olds to talk and text message on cell phones while driving. The House voted April 30 to send a measure blocking such activities back to a committee, ending its chances for …

Colorado Senate OKs Requiring Car Insurers to Offer Medical Coverage

Colorado drivers would be nudged into buying medical coverage on their car insurance policies under a proposal backed by the state Senate on April 29. Under the bill, insurance companies would have to include $5,000 in medical coverage in policies …

Class-action Suit Filed in Florida against Insurance Deadline

Property owners in Florida who had policies with the now-bankrupt Poe Financial Group did not receive sufficient notice of a June deadline to dispute claims in court, lawyers argued April 30 after filing a class-action lawsuit. The suit names Florida …