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

North Carolina Judge Clears Way for Home Insurance Rate Changes

A Wake County judge has cleared the way for homeowners insurance rates to drop in nearly three dozen western North Carolina counties and soar along the coast starting Friday. Superior Court Judge Ronald Stephens this week signed an order dismissing …

Ark.’s Risk Services Joins INSURICA

INSURICA Insurance Management Network announced the addition of Risk Services of Arkansas LLC, as its newest partner. Formerly known as First Arkansas Insurance/Little Rock, Risk Services joins INSURICA’s network of partner agencies. Mike Ross, INSURICA president and CEO, said: “As …

Crump Names Murphy as CFO

Crump Insurance Services Inc., based in Roseland, N.J., named Christopher Murphy as chief financial officer. In this position, Murphy is responsible for all financial activities of Crump Insurance Services, including implementing and maintaining financial systems, providing financial advice and support, …

AIG’s P/C Arm Eager to Split, New Name in Question

American International Group’s property/casualty division is moving swiftly to break ties with its parent company, setting itself up to be a stand-alone company, said AIG Chief Executive Edward Liddy. But the name the spun-off company will go by is still …

Judge Rules Transsexual Discrimination Protected Under Federal Law

A federal judge has awarded a former Army Special Forces commander nearly $500,000 because she was rejected from a job at the Library of Congress while transitioning from a man to a woman. Diane Schroer of Alexandria, Va., applied for …

La. House Panel OKs Homeowners Insurance Deductible Restriction

Insurance companies should be restricted in their use of so-called “named storm” deductibles in Louisiana, even though the change will probably trigger a rate increase for homeowners, a House committee voted on Wednesday. Insurers in Louisiana and other states have …

Massachusetts RMV Chief Warns Lawmakers of Branch Closings

Massachusetts egistrar of motor vehicles is warning House members she will have to close one-third of RMV branches if they cut her budget as planned. Rachel Kaprelian said in a memo this week that trimming her budget from the $50.3 …

Court: Insurer Must Indemnify Contractor in Mass. ‘Sick Building’ Case

A federal court ruled that an insurer has a duty to defend and indemnify a flooring company which installed carpets and tiles in a Massachusetts office that were so fume-ridden, they made the building unusable. In a closely watched legal …

Bad Economy Not Impacting Essential Insurance Coverages

Many Americans have taken steps to reduce personal insurance costs in response to the economic downturn, but a new industry study suggests that maintaining essential auto and homeowners coverage remains a priority for the most consumers. Twenty-eight percent of those …

USG Expands with Two New Offices

USG Insurance Services Inc, a national wholesale broker of commercial insurance is expanding operations with the addition of a new office in Irvine, Calif. The creation of the new southern California office is the first of several in USG’s plan …