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

Texas Issues $36K in Fines in January 2009 Enforcement Actions

The Texas Department of Insurance reported enforcement actions that became final in January 2009 include two license revocations, two license denials and fines and restitution totaling $36,250. An order imposing disciplinary measures becomes final 20 days after the agent or …

Pacific Specialty Expands Texas Residential Property Programs

Pacific Specialty Property and Casualty Company, the Texas affiliate of California-based Pacific Specialty Insurance Company (PSIC) announced a new suite of preferred tier residential property insurance products in Texas. Effective March 1, Pacific Specialty began offering new discounts and more …

Captive Insurance Industry Honors Westover of ICS

Kate Westover, vice president of Alternative Risk Financing at Innovative Captive Strategies, has received the 2009 Distinguished Service Award from the Captive Insurance Companies Association (CICA). Based in Colchester, Vermont, Westover has 20 years experience in the captive insurance industry …

Mississippi’s Rep. Taylor Renews Push for Federal Wind Insurance Policy

Rep. Gene Taylor, D.-Miss., isn’t letting opposition by major insurance companies keep him from pushing his plan to make wind coverage for properties available through the federal flood insurance program. Taylor’s proposal — the Multiple Peril Insurance Act of 2009– …

Navigators Opens Philadelphia Office

New York-based The Navigators Group Inc. says it has opened a Philadelphia office of its principal underwriting agency subsidiary, Navigators Management Company Inc. The office will initially focus on Excess Casualty, Commercial Umbrella, Management Liability (D&O) and Professional Liability (E&O) …

Vermont Police Search for Suspect behind String of 22 Arsons

Police in Barre, Vermont are trying to solve a string of 22 arson fires that go back to October, including three on Thursday. Police released a surveillance video of what appears to be a suspect setting a fire in a …

Pennsylvania Barn Fire Kills 10,000 Turkeys

A fire has killed 10,000 turkeys inside a central Pennsylvania barn. John Zechman of the Beaver Springs Fire Company says the 300-foot-long barn was engulfed in flames when firefighters arrived overnight Friday. He says the fire is not considered suspicious. …

Rhode Island Judge OKs Plan for Sharing Club Fire Settlement

Survivors of a deadly nightclub fire and relatives of the 100 people killed are moving closer to sharing a $176 million court settlement. A federal magistrate judge on Friday approved a proposal for distributing the money among the more than …

River Communities in Iowa Bracing for Spring Floods

The impact won’t be clear for a couple of days, but major flooding along two eastern Iowa rivers has local and county officials preparing for the worst. The major floods of last summer left a lasting impression on the eastern …

Corporate Directors Finding Time in Boardrooms Not Worth Trouble

Once seen as a sinecure, the reward for a lifetime of achievement, the job of a board director has become decidedly less appealing. As the economic crisis deepens and investors suffer one blow after another, it is not just activists …