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

Specialty Risk Associates Adds Campbell in Baton Rouge Office

Jeanne Campbell has joined Shreveport, La.-based Specialty Risk Associates Inc. in the company’s Baton Rouge office as an assistant underwriter. Campbell has more than 13 years’ experience in the retail and wholesale segments of the insurance industry. Source: Specialty Risk …

UMass Engineers Deploy Special Radar to Midwest’s ‘Tornado Alley’

As part of the largest, most ambitious attempt ever launched to figure out how tornadoes form and how to predict them more accurately, engineers from the University of Massachusetts in Amherst this week are readying two special mobile Doppler radar …

California Commissioner Asks Workers’ Comp Board to Withdraw Rate Increase

At a rate hearing on Tuesday, April 28, California Insurance Commissioner Steve Poizner urged the Workers Compensation Insurance Rating Bureau (WCIRB) to withdraw its request for an increase in the workers’ compensation claims cost benchmark. WCIRB has requested a 23.7 …

Rep. Frank: House Panel to Examine Federal Regulation Option for Insurance

A congressional panel will examine whether an optional federal charter for insurance companies is needed, the chairman of the U.S. House Financial Services Committee said Tuesday. The committee’s panel on insurance and capital markets is launching a series of hearings …

Oklahoma Commissioner Files Lawsuit Against Auto Warranty Co.

Oklahoma Insurance Commissioner Kim Holland has filed for and received a Temporary Restraining Order against VSI Vehicle Services Inc. in Oklahoma County District Court. The commissioner has also filed a lawsuit against the company. These actions follow a Cease and …

Florida Rep. Proctor Challenges Commissioner McCarty’s Insurance View

In my opinion, Florida Insurance Commissioner Kevin McCarty’s assertions that our state has “one of the most” competitive property insurance markets in the country and that easing rate regulation will not encourage private carriers to return to the Florida market, …

Louisiana Lawmakers OK $133M in Stimulus Spending

Four more highway projects, including the widening of Interstate 10 in Baton Rouge, will be funded with Louisiana’s share of the federal stimulus package after receiving quick approval Monday from lawmakers. The $133 million list of projects, proposed by Gov. …

Aon Global Risk Analyzes Potential Impact of Swine Flu Outbreak

Aon has issued a bulletin analyzing the current outbreak of swine flu. Alex Hindson, head of enterprise risk management at Aon Global Risk Consulting, stated: “Health risks are unpredictable but given the possibility of a Swine Fever pandemic developing, organizations …

Willis Re, Thomson Reuters Launch Online Catastrophe Price Index

Willis Re, the reinsurance arm of global broker Willis Group Holdings, and Thomson Reuters today announced the launch of the Willis Re Catastrophe Price Index™ on the Thomson Reuters Insurance Linked Securities portal. “The index measures pricing levels in the …

Western Security Surplus Promotes Clark to Broker

Jason Clark has been promoted to broker in the Dallas, Texas, office of Western Security Surplus Insurance Brokers Inc. (WSS). Clark began his insurance career as a summer intern at WSS in 2007. After graduating from the University of North …