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

Wildfire Burns Homes Near South Carolina’s Myrtle Beach

A coastal wildfire spread early Thursday toward one of the busiest tourist stretches in South Carolina, burning dozens of homes and forcing hundreds to flee in the middle of the night. No injuries were reported. Police banged on doors to …

Idaho Cautions Insurance Industry on Misuse of Producer of Record Letters

Idaho Department of Insurance William Deal is cautioning the insurance industry on the use of producer of record letters. A producer of record letter refers to a written statement signed by an insured advising an insuerer that a particular producer …

San Diego Insurance Women Names 2008-2009 Award Winners

San Diego Insurance Women announced its award winners for the 2008-2009 term. The winners are: -Danielle McBride- Young Professional of the Year; -Rhonda Collins – Rookie of the Year; -Kay Wheeler- Member of the Year for Region VIII; -Pam Legge- …

Mississippi to Study Hurricane Mitigation Efforts’ Costs, Benefits

Mississippi has hired a wind engineering firm to assess the various steps that property owners might take to reduce damage from hurricanes. Mississippi Insurance Commissioner Mike Chaney and wind engineering firm AIR Worldwide have agreed to terms on a contract …

Employers Holdings To Release Q1 Earnings on May 7

Reno, Nev.-based Employers Holdings Inc., a Nevada-based company whose subsidiaries are specialty providers of workers’ compensation insurance focused on small businesses, will review the company’s first quarter 2009 financial results during a conference call and Web cast Thursday, May 7, …

California AG Sues Wells Fargo Affiliates for Defrauded Investors

California Attorney General Edmund G. Brown Jr. filed suit against three Wells Fargo affiliates to recover $1.5 billion for California investors who purchased auction-rate securities based on “false and deceptive” advice that these financial instruments were “as safe and liquid …

The Hartford Reported Shopping Its P/C Insurance Business

Hartford Financial Services Group Inc. is trying to sell its property/ casualty insurance business, sources familiar with the matter said Thursday, as the U.S. insurer reels from massive losses. Hartford has retained Goldman Sachs, which has been calling potential bidders …

California Commissioner Offers Green Insurance Tips in Honor of Earth Day

In observance of Earth Day yesterday, California Insurance Commissioner Poizner today offered tips for making homes — and insurance — greener in the Golden State. “California has consistently been a global leader in the effort to reduce our strain on …

Insurers, Environmental Advocates Urge Changes to Protect U.S. Coastlines

A coalition of insurers, public officials, risk experts, builders and conservation groups introduced a blueprint of policy changes and common sense actions that could reduce economic losses from future storms and rising sea levels by as much as half along …

Students of Insurance at Texas Universities Receive Scholarships

The Insurance Council of Texas (ICT) has awarded academic scholarships to 12 students at the University of Texas at San Antonio, Huston-Tillotson University and the University of Texas Pan American in Edinburg. The University of Texas at San Antonio scholarship …