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

Some Alabama Beach Pool Insurance Rates Going Up July 1

Rates for some coastal property owners insured through the residual market insurance organization known as the Alabama Beach Pool are going up July 1. The overall average hike will be 5.5 percent, according to the Alabama Insurance Underwriting Association, the …

West Virginia Physician Convicted of Insurance Fraud Seeks Retrial

A Marlinton, West Virginia, physician convicted on 29 counts of health care fraud for billing insurers for services he never performed is seeking a new trial. U.S. District Judge Irene Keeley has set a July 2 hearing for Dr. John …

Office Oddballs Make Everyone Better

Insurance agency managers could learn a lot from a beet-farming, volunteer sheriff and paper salesman like Dwight Schrute. Schrute, the character played by Rainn Wilson on NBC’s “The Office,” is a comic oddball whose eccentricities and awkward interactions leave his …

Marsh Names Kimber UK Chief Risk Officer

Marsh announced the appointment of Matt Kimber as its Chief Risk Officer in the UK. He joins Marsh from Lloyds Banking Group where he held a variety of executive, operational and risk management positions. “Most recently, he was Head of …

$2 Million for Kin of Woman who Died on New York Hospital Floor

The family of a woman who died on a hospital floor, struggling to get up while staffers ignored her, has settled a wrongful-death lawsuit against New York City for $2 million. But the family of Esmin Green, whose death was …

West Virginia to Review Accidents Involving State Vehicles

West Virginia officials plan to enforce a long-ignored regulation requiring reviews of accidents involving state vehicles in response to a legislative audit that criticized one agency. The audit says 19 Alcohol Beverage Control Administration employees were involved in 23 accidents …

Wisconsin Proposal to Increase Driver Liability Coverage Still Being Evaluated

Wisconsin Republicans have failed in an attempt to remove a budget provision they say will cause car insurance rates to increase in the state. The proposal, submitted by Gov. Jim Doyle, proposes to increase the minimum amounts of liability coverage …

Obama Regulatory Overhaul Features Fed Reserve, FDIC, Consumer Agency

Obama administration is proposing that the Federal Reserve serve as an all-seeing regulator to detect activities that could pose risks to the entire financial system. Under a plan circulating among key lawmakers, the administration also is recommending a new agency …

Unsecured Foreclosed Homes Pose Huge Risk as Hurricane Season Opens

Mike Manikchand points toward his neighbors in Lehigh Acres — a half-dozen empty, foreclosed-upon homes, sitting on weed-strewn yards — and he wonders: What will happen if a hurricane slams into southwest Florida this year? His simple answer: “A lot …

Florida Debuts Online Insurance Library

The Florida Department of Financial Services has developed an online Insurance Library to provide Floridians with on financial and insurance issues. The Insurance Library also has information to assist citizens as they prepare for the hurricane season, which begins June …