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

Towerstone Adds Cerne as Account Representative

Erin C. Cerne has been named account representative for Towerstone Inc., wholesale insurance brokers and managing general agency based in Dallas. Cerne has held diversified sales and marketing positions in New York. She holds a degree in Journalism from State …

Mich. Agents: AIG Rescue, Insurance Regulation Still Best Left to States

The following commentary on the push for federal regulation as a result of AIG and other financial institutions’ troubles was written by Robert PIerce, CEO, Michigan Association of Insurance Agents. Over the last few days, proponents of a new regulatory …

Texas Mayor Requesting $2.3B in Aid From Congress

As repair crews work to make this hurricane-ravaged Galveston, Texas, inhabitable for the thousands of residents set to return this week, the mayor is seeking more than $2 billion in emergency federal aid. The final price tag to fully restore …

Illinois Senate Panel Okays 3rd Attempt at Autism Coverage

An Illinois Senate committee wants to require insurance companies to cover expanded treatment for autism. It’s the Senate’s third attempt this year to approve the measure, which would require insurers to cover up to $36,000 a year and unlimited doctor …

Alabama Chief Examiner to Lead Society of Financial Examiners

Richard Ford, chief examiner of the Alabama Department of Insurance since 1993, accepted election as president of the Society of Financial Examiners at the organization’s recent annual meeting in Nashville, Tenn. At the Department of Insurance, Ford directs the efforts …

Reinsurers Tour Fortified Home During Mississippi Wind Pool Meeting

Nearing the end of a years-long highly specialized residential construction project, one Hurricane Katrina survivor has become a regular stop for insurance industry representatives touring along the Mississippi Gulf Coast. In some ways, Scott Sundberg of Pass Christian, Miss., is …

New Jersey Scraps Fee for Rebuilding Damaged Homes

Homeowners in New Jersey won’t have to pay the state an extra fee to rebuild their houses after a fire or flood. The state’s Council on Affordable Housing proposed an exemption. The council had come under fire for approving regulations …

Retried New York Lawmaker Gets $140K Insurance Post

A former assemblyman from Queens has been hired to a newly created $140,000-a-year state job — in spite of the governor’s own orders putting a freeze on hiring. The Daily News reports that retired Assemblyman Ivan Lafayette has been named …

Liberty Mutual Group Completes Safeco Acquisition

Boston-based Liberty Mutual Group finalized its acquisition of Seattle, Washington-based Safeco Corp. on Sept. 22 after entering the agreement in April. While improving its scale and geographic reach, the transaction strengthens Liberty’s already nationally-established standing to fifth largest property and …

Sovereign Risk Appoints Demeyer as New Senior Underwriter

Bermuda-based Sovereign Risk Insurance Ltd. announced that Sophie Demeyer will join the Company as a Vice President and Senior Underwriting Officer. She will replace Nila Davda, who is relocating to open Sovereign’s office in Dubai. Demeyer comes to Sovereign from …