Ron Wright, chief operating officer of Texas Mutual Insurance Company since 1997, will become president and CEO of the company effective Sept. 1, 2009, Texas Mutual announced. Wright will succeed Russell R. Oliver, who announced his retirement in February. Oliver …
Arkansas Insurance Commissioner Jay Bradford has announced a decrease in workers’ compensation costs effective July 1, 2009. The overall loss cost decrease in the voluntary market is 7 percent, while the overall decrease in rates for the assigned risk is …
Residents in Duson, La., can expect lower fire insurance premiums in the future. The Louisiana Department of Insurance says the town’s fire protection rating has improved from a Class Five to a Class Four. That means that policyholders will have …
The 16-member Federation of European Risk Management Associations (FERMA) issued a statement that it “welcomes the European Commission (EC) Report in favor of renewal of the Insurance Block Exemption Regulation (BER).” The EC has been examining whether this exemption, which …
Mike Grushon of Thomas & Grushon Agency in Bellbrook, Ohio, was honored by National Association of Professional Insurance Agents (PIA) with the 2009 PIA National Professional Agent of the Year Award. Grushon received recognition during PIA National’s Awards Luncheon April …
New Jersey regulators on have temporarily suspended the medical license of a doctor who health officials suspect is linked to a hepatitis B outbreak. Nearly 3,000 of Dr. Parvez Dara’s patients have been warned to get tested after five cancer …
An attorney for a Chester, South Carolina woman who died from a twisted intestine after three trips to the emergency room says her family has agreed to settle a lawsuit with six doctors for $3 million. Lawyer Chad McGowan told …
The public outrage aimed at American International Group over bonuses given to its executives has reached the man whose committee approved the payouts: James F. Orr, former chief executive officer of Unum Corp. The Portland Press Herald said leaders of …
Seven Alabama counties will benefit from some $5.8 million in federal money for flood map modernization. Officials say the grant will come from the Federal Emergency Management Agency and be routed through the state’s floodplain mapping program, based at the …
A new requirement that construction managers on 35 state courthouse projects insure the entire value of their work will not increase the state’s costs, an attorney investigating the projects said. But attorney William Geisen of Fort Mitchell said the requirement …
