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

Congressman Asks If AIG Used Bailout Fund for PR Firms

The head of a U.S. House of Representatives committee sent a letter Tuesday to American International Group Inc demanding to know if it used bailout money to pay for public relations firms to attack critics. Several congressional panels are probing …

Keogh Joins Eqecat As Senior Vice President, Strategic Initiatives

Oakland, Calif.-based Eqecat Inc., a subsidiary of ABSG Consulting Inc. announced William M. Keogh has been appointed senior vice president, strategic initiatives. Keogh, who was previously group executive of global client development at Risk Management Solutions, will be responsible for …

Survey: Claims Handling is the Key to Winning over Agents

Quality claims handling is the most important factor to independent agents in evaluating an insurer, according to a recent survey of 450 agents conducted by the Professional Insurance Agents Associations (PIA) of Connecticut, New Hampshire, New Jersey and New York …

Texting and Driving to Mean Ticketing in Cleveland, Ohio

Cleveland, Ohio’s city council has voted to outlaw text-messaging while driving in the city. The proposal approved by council members on April 13 now goes to Mayor Frank Jackson and would take effect 90 days after he signs it. Members …

Ark. School Condemned After Storm; More Disaster Areas Declared

Up to 465 students in Mena, Ark., will have to attend classes elsewhere after a tornado on April 9 damaged the Mena Middle School so severely that the building will have to be condemned. Officials say that as many as …

20-Year Sentence Sought for Bond Broker in Insurance Scheme

Federal prosecutors in New Orleans are seeking a 20-year prison sentence for a woman convicted of participating in a money laundering scheme with a former Louisiana lawmaker. A jury convicted Gwendolyn Moyo last year of charges she sold millions of …

State Farm Expects $10M-plus Loss From Oklahoma Fires

Oklahoma’s largest insurer expects to see more than $10 million in home and automobile damage claims from recent wildfires. State Farm Insurance spokesman John Wiscaver said the company is working on more than 1,000 claims from the fires. State officials …

Insurance Dept.: Public Adjusters Are Not Permitted in Arkansas

Arkansas Insurance Commissioner Jay Bradford issued a reminder in the wake of recent violent weather that public adjusters are not permitted in the state. Only adjusters whose salary is paid by the insurance company he or she represents are allowed. …

Insurance Journal on Facebook

Now there’s one more way to stay in touch with Insurance Journal. Become a fan of Insurance Journal Facebook and stay up-to-date on the economic, competitive, legal, political and regulatory forces and trends affecting the property and casualty insurance industry. …

NIF Group Names Terlaje VP of NIF Pacific

NIF Group Inc., a program administrator and general agency, announced the addition of Vince Terlaje as vice president of NIF Pacific located in Bothell, Wash. Terlaje has 22 years of insurance industry experience, primarily in commercial underwriting and claims. Prior …