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

Plafker Appointed to Board for New York’s Livery Fund

Alan Plafker has been appointed to the board of directors of New York’s Independent Livery Driver Benefit Fund. Plafker is a long-time insurance agents who is also secretary of the Professional Insurance Agents of New York. As a board member, …

Restroom Access Bill Heads to Connecticut House

Two Connecticut legislative committees have endorsed a proposal giving people with certain medical conditions the right to use employee bathrooms in private businesses. Several lawmakers say they have concerns about the bill, though, including potential liability to companies, their insurance …

Progressive Offering Liability Insurance for Coal Hauling Truckers

National insurer Progressive Commercial has expanded its truck insurance offerings to include liability coverage for truckers involved in coal hauling. Liability coverages for coal hauling truckers and businesses have been typically only available through smaller and regional insurers, according to …

Tennessee Proposal to Let Golf Carts on Roads Stalls

A proposal to allow operation of golf carts on certain Tennessee roads will be studied over the summer with similar bills. The House Public Safety Subcommittee voted to send the measure to a summer study committee. The measure sponsored by …

Europe Votes to Adopt New Solvency Rules for Insurance by 2012

The European Parliament voted this week for new regulation of insurers that aims to cut costs by giving one national regulator the lead role in monitoring insurance companies operating across several EU nations. EU lawmakers’ approval finalizes a preliminary deal …

North Carolina Coastal Insurance Rates to Rise May 1

Homeowners in 18 coastal North Carolina counties whose homes are insured by a state-backed insurance pool shouldn’t expect a delay of higher rates taking effect May 1. A powerful state legislator said a comprehensive effort to fix the overextended Beach …

S&P Sees AIU Holdings Vehicle as Boost to Insurer’s Financial Flexibility

Standard & Poor’s Ratings Services said that its ratings on American International Group Inc. (AIG; A-/Negative/A-1) and its insurance subsidiaries (A+/Negative/–) are not affected by AIG’s announcement that it will transfer AIU Holdings Inc. to a special purpose vehicle and …

Study: Insurers’ Customer Retention Critical in Hard Economic Times

As millions of U.S. households face financial hardship in the current U.S. recession, retaining existing customers has never been more important. For insurance carriers in terms of long-term profitability, customer retention is tops, according to the J.D. Power and Associates …

Despite Veto, Okla. Senate Vows to Send Work Comp Law to Voters

The Oklahoma State Senate has passed a referendum that would allow Oklahomans to vote next year on a proposal to require Senate approval of the governor’s workers’ compensation judicial nominees. The Senate took the action after Gov. Brad Henry vetoed …

Willis HRH Names Pera to Head Atlantic Region, Based in Tennessee

Insurance broker Willis HRH has appointed Douglas W. Pera as national partner of its Atlantic region. Pera will be responsible for the company’s retail insurance offices in Maryland, Tennessee and Virginia, and will report to Don Bailey, chairman and Chief …