Monthly Archives: <span>February 2009</span>

RiskProNet Elects Clarke as President

Richard G. “Dick” Clarke, senior vice president of J. Smith Lanier & Co. in West Point, Ga., has been elected 2009 president of RiskProNet International, a network of 25 independent insurance brokers in North America. Clarke is a veteran of …

Connecticut Agents’ Group Urges State to Drop Cat-Fund Plan

A trade group for Connecticut insurance agents is urging lawmakers to abandon plans to create a state natural catastrophe fund. The Professional Insurance Agents of Connecticut (PIACT) said the state’s Insurance and Real Estate Committee should oppose Senate Bill 530, …

Akers Joins MaximGroup Benefits Division

League City, Texas-based MaximGroup, has added Bruce Akers as senior account executive in the agency’s benefits division. Akers has worked in the insurance industry for more than 20 years. Prior to joining MaximGroup, Akers served as a territory manager for …

Louisiana Workers’ Compensation Insurer to Pay $7.5M Dividend

Louisiana Workers’ Compensation Corporation (LWCC) announced it will pay a $7.5 million dividend to qualifying policyholders in February. The pay out will bring LWCC’s cumulative total dividend paid to policyholders over the past six years to more than $121 million. …

Texas Mutual Awards $300K in Safety Education Grants

Texas Mutual Insurance Company reported it has awarded a combined $300,000 in grants to Kilgore College, Midland College and College of the Mainland in Texas City. The grants will fund free workplace safety courses for employers, employees and the general …

6 More Arkansas Counties Eligible for Federal Help

More than a third of Arkansas’ 75 counties have been declared eligible for federal public assistance after last month’s ice storm. The Public Assistance Program reimburses local governments, state agencies and certain private nonprofit organizations 75 percent of their costs …

Arkansas Lawmakers Back Seat Belt, Teen Driver, Credit Report Laws

New restrictions on teen drivers and legislation allowing police to pull over motorists for not wearing their seat belts advanced in the Arkansas Legislature. Meanwhile, senators gave final approval to a bill that requires proposed legislation to say if it …

Umstot Joins Target Insurance Services

Target Insurance Services has hired Scott Umstot as senior production underwriter in its Avon, Connecticut headquarters. Umstot most recently handled the technology E&O program at Darwin Professional Underwriters. Prior to that, he spent several years with the Chubb Group underwriting …

Valiant Insurance Forms Excess & Surplus Lines Company

New York-based specialty insurer Valiant Insurance Group, Inc. has established a new insurance vehicle, Valiant Specialty Insurance Co., a Delaware-licensed property/ casualty insurance company to serve as the excess and surplus lines insurance carrier for Valiant’s U.S. operations. Valiant is …

Illinois Bill Would Require Gun Owners to Buy $1M in Liability Insurance

An Illinois state lawmaker is proposing that gun owners be required to carry personal liability insurance of at least $1 million. Rep. Kenneth Dunkin’s bill seeks to amend the state’s Firearm Owners Identification Card Act to provides that any person …