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

Albaret Joins Hunter Insurance in Rhode Island

Emmanuel Albaret has joined Manville, Rhode Island-based insurance agency, Hunter Insurance, Inc. as an account executive. Albaret specializes in commercial lines of insurance. He has seven years of experience in the insurance industry, working previously for two insurance agencies and …

Louisiana Legislative Actions Both Please and Disappoint Insurer Group

The American Insurance Association (AIA) has expressed disappointment that the Louisiana Senate chose not to consider asbestos lawsuit reform legislation during the 2009 session. The insurance company trade group, however, has commended the Louisiana Legislature for passing two measures that …

Groups Lobby for Wisconsin Driver’s Card for Immigrants

Allowing illegal immigrants to qualify for special driver’s cards would make the roads safer, reduce insurance rates and generate much-needed revenue for state government, supporters of the proposal said. Supporters pressed those points at a news conference, a noisy rally …

Texas Approves 8 Companies to Self-Insure for Workers’ Comp

The Texas Department of Insurance Division of Workers’ Compensation (TDI-DWC) approved the renewal of the Certificates of Authority for eight companies to self-insure for workers’ compensation claims for a one-year period under the TDI-DWC Self-Insurance Regulation program. These eight companies …

TWFG General Agency, Universal NA to Accept Lincoln General Policies

The Woodlands, Texas-based TWFG General Agency has entered into an agreement with Universal North America Insurance Company to offer renewal policies to Lincoln General Insurance Company’s Texas policyholders. According to TWFG’s announcement, current in force policies will continue to be …

Swett & Crawford, CNA to Offer Equipment Breakdown Program

The Swett & Crawford Underwriting Practice Group, headquartered in Atlanta, Ga., and CNA have collaborated in the development of a new nationwide program for equipment breakdown coverage open to more than 450 eligible classes. Written on a comprehensive form, the …

All North Carolina Homeowners Could Pay If Insurers, Beach Plan Fall Short

Every insured homeowner in North Carolina could shoulder the cost of rebuilding if a massive hurricane hits under a deal taking shape in the Legislature. The legislation (HB1305), expected to be detailed in a House committee this Thursday, aims to …

Mississippi Wind Pool Insurance Credits Available for Biloxi Homeowners

Some Biloxi homeowners who use the wind pool for insurance may qualify for a 20 percent credit on their coverage. The wind pool — or Mississippi Windstorm Underwriting Association — is the insurer of last resort and offers insurance in …

SEC Rejects Madoff Customer Damage Claim for $1.7 Million; Lawsuit Likely

The U.S. Securities and Exchange Commission has rejected an attempt by a Bernard Madoff customer to get the agency to pay $1.7 million she lost in the fraud, setting the stage for a federal lawsuit, the investor’s lawyer said Tuesday. …

Obama Flexible But Says Public Health Option Would Control Costs

President Barack Obama said Tuesday his healthcare overhaul needed a public insurance option to enforce market “discipline,” but stopped short of saying he would veto legislation without one. Obama, who has made healthcare reform a top legislative priority, said he …