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

Hanover Opens New Branch in North Carolina

Massachusetts-based The Hanover Insurance Group opened a new office in Charlotte, North Carolina. David Bradford, regional vice president, North Carolina, will continue to lead the company’s efforts in the state. An independent agency company, The Hanover provides its agents the …

Ark. Bank Files Insurance Claim After Employee Allegedly Steals $2.1M

On July 8, Conway-based Home BancShares filed a notice with the U.S. Securities and Exchange Commission that said a senior officer at one of its banks embezzled $2.1 million. John Allison, Home BancShares’ chairman and CEO, later declined to name …

K&K Insurance Offers Admitted Market for Sports & Rec Facilities

Fort Wayne, Ind.-based K&K Insurance Group Inc. is now offering commercial insurance coverage for venues, available on admitted paper, in all states through New Hampshire Insurance Co., a member of AIG, Inc. The new admitted offering includes: arenas and stadiums; …

New York To Webcast Agent-Compensation Hearing on Monday

The New York State Insurance Department and attorney general’s office will hold the first of three scheduled public hearings on insurance agents’ compensation arrangements on Monday in Buffalo. The meetings, officials said, are a chance to gather testimony on different …

Wausau Survey: Employers Stay Level Headed Despite Recession Worries

Although a U.S. economic recession would not be good news overall for employers, most don’t believe a recession would drive up workers’ compensation claims, according to a new survey of financial executives by a Wisconsin based insurance company. Only 23 …

Wis. Man Loses Classic Cars with Damage Estimates of $100,000 to Flood

Many property owners suffered large losses in the June 2008 flooding event in southern Wisconsin. But few lost a fleet. James Pritzlaff’s collection of classic cars is still under about 4 feet of water that overflowed from Lower Genesee Lake. …

Update: Construction Flaw in North Carolina Parking Deck Collapse

An engineering report says a construction problem more than 20 years ago caused the May collapse of a part of a parking deck in Charlotte, North Carolina. The Charlotte Observer reported July 10 the four-story parking deck was designed so …

New Jersey Testers Claim Cadbury Sweetener Caused Burns

It sounded like a job that would make the Easter Bunny jealous. But three taste testers for candy maker Cadbury PLC say they were seriously injured while sampling something sweet. The three testers, all women from Morris County, New Jersey …

South Carolina Gov. Gives Bicyclists Permission to Run Red Lights

Gov. Mark Sanford is giving a public green light to a bill that allows motorcyclists and bikers to run red lights after they stop at intersections. Sanford officially signed the bill in May, but held a ceremonial signing at stops …

Oil and Gas Group Earns $2.9M Texas Mutual Dividend

Texas Mutual Insurance Company announced a $2,903,340 dividend to the Texas Oil & Gas Association (TxOGA) workers’ compensation group discount program. The dividend was based largely on the group’s premium volume and claim loss history. “Our members have shared in …