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

It Figures

$41 Million The amount Florida residents saved last year thanks to a 10-day sales tax reprieve on back-to-school and hurricane supplies. They will not see similar savings this year because the temporary suspension of the state’s 6 percent sales tax …

Alabama Insurance Agent Parker Wins Republican Runoff

Huntsville insurance agent Wayne Parker won the Republican nomination for an open U.S. House seat in Alabama. In the 5th District in north Alabama, Parker received 79 percent to 21 percent for Huntsville lawyer Cheryl Baswell Guthrie. Parker will face …

What Retail Agents Need to Know to Access Florida Surplus Lines

10 +1 Questions of Advice for Agents Thinking of Sticking Their Toes into Florida’s Surplus Lines Waters Gary Pullen, executive director, and the staff of the Florida Surplus Line Service Office supplied answers to 10 + 1 questions posed by …

No Death Penalty in North Carolina Insurance Murder

An insurance agency owner charged with killing a North Carolina Department of Insurance investigator won’t face the death penalty, prosecutors said. The decision was revealed during a court hearing for Michael Howell, who is charged with murder in the May …

Reducing the Risk in Florida Surplus Lines

Build Relationships, Advises FSLA Board Member O’Leary Like trapeze artists performing without a net, surplus lines specialists operate without the backing of the state guaranty fund, which picks up the pieces for insureds if their admitted insurer goes belly-up. But …

Surplus Market Snapshot: Business Rides the Market Tides

Some Lines of Business Down But Not All; More Large Firms Going Directly to Foreign Insurers The people who run the Florida Surplus Lines Service Office are smack dab in the middle of the action and can see better than …

Stunning Workers’ Comp for Cops in Tennessee

Police in Brownsville, Tenn. will soon be armed with electric stun devices. Mayor Webb Banks said officials realize the weapons are controversial, but if police tell people they have them, officials believe officers won’t have to use them. Banks said …

Road Danger: Thousands of Medically Unfit Commercial Drivers Still Trucking on U.S. Roads

Hundreds of thousands of tractor-trailer and bus drivers in the United States carry commercial driver’s licenses despite also qualifying for full federal disability payments, and some of those drivers have suffered seizures, heart attacks or unconscious spells, according to a …

People

Colemont Insurance Brokers promoted Matt Carpenter to assistant vice president in the company’s Chicago office. Carpenter joined Colemont in 2002, specializing in brokering casualty lines. His expertise has since expanded to include transportation, products liability, umbrella/excess, contracting-risks and program business. …

Missouri Judge Dismisses $7 Million in Fines Against Allstate

A Jackson County, Mo., judge agreed on July 23, 2008, to throw out a contempt order against Allstate Insurance after determining the company had finally complied with his directions to release confidential documents. The Kansas City Star reported on its …