Yearly Archives: <span>2008</span>

Judge Dismisses Insurance Executive’s Lawsuit against Alabama Governor

A judge dismissed most of a lawsuit in which an indicted insurance executive accused Alabama Gov. Bob Riley and others of conspiring to drive him out of the insurance business. Montgomery Circuit Judge Truman Hobbs Jr. rejected John Goff’s claims …

Willis Research Network Joins in California Earthquake Study

The Willis Research Network, part of Willis Group Holdings Ltd., the global insurance broker, has joined with the U.S. Geological Survey and the California Geological Survey to develop a scenario that shows how a magnitude 7.8 earthquake along the San …

MHBT VP to Serve on Board of National Surety Bond Producers Group

Donnie Doan, a vice president in the bond department of Dallas-based McQueary Henry Bowles Troy L.L.P. (MHBT), was named to the 2008-09 board of directors for the National Association of Surety Bond Producers (NASBP). In addition to his board responsibilities, …

West Virginia Workers’ Compensation Market Opens to Competition

All of West Virginia employers, other than governmental entities, can for the first time, shop their workers’ compensation coverage among carriers in a competitive market. Insurance Commissioner Jane L. Cline said all indications are that the privatization of the workers’ …

LWCC Launches Web Site Dedicated to Workplace Safety

Louisiana Workers’ Compensation Corporation (LWCC) has launched a new stand-alone Web site, www.saferplacetowork.com, which provides centralized safety information for both employers and employees. The company said the “microsite” makes available 39 separate safety documents in a free, downloadable PDF format. …

Insurance Tax not Enough to Support West Virginia Fire Departments

As gas prices soar, the costs of running a volunteer fire department are rising. Now West Virginia legislature and the counties are debating over who will pay the rising costs of the state’s 424 volunteer departments. Volunteer departments are pressing …

North Carolina Agents Honor Montgomery Insurance Company

Montgomery Insurance, a Liberty Mutual Agency Markets regional company received the Independent Insurance Agents of North Carolina young agents company of the year award. Presented during the recent young agents conference in Myrtle Beach, South Carolina, the award recognizes the …

Markel American Introduces Renter’s Protection Insurance

Markel American Insurance Co. launched a new renter’s protection insurance program. The program provides tenant homeowners coverage on a broader form than the standard HO-4 renter’s policy and provides many options to increase coverage as well as the limits within …

New York Court Orders Release of Anti-Redlining Report

New York’s top court has ordered the release of insurance company reports showing automobile policies broken down by zip code so Brooklyn officials can determine whether neighborhoods were deemed high-risk and avoided through “redlining.” The Court of Appeals concluded that …

Texas Workers’ Comp Discount, Interest Rate Set at 6.18%

The Texas Department of Insurance Division of Workers’ Compensation has determined that any interest or discount provided for in the state’s Workers’ Compensation Act shall be at the rate of 6.18 percent. This rate is computed by using the treasury …