Oklahoma Gov. Brad Henry has signed into law long-sought tort reform legislation aimed at curbing frivolous lawsuits and reducing costs associated with the justice system. Henry said House Bill 1603 by Rep. Dan Sullivan and Senate President Pro Tempore Glenn …
June 1 is the official start of hurricane season and the National Oceanic and Atmo-spheric Administration has said the 2009 Atlantic hurricane season will be fairly average. Reuters reported that NOAA is forecasting nine to 14 named storms, with four …
10 Arkansas Gov. Mike Beebe has declared disasters in 10 more counties, bringing the total of declared disaster areas to 42 due to heavy rain and floods this spring. Beebe added Ashley, Cleburne, Greene, Howard, Jackson, Marion, Nevada, Ouachita, Pike …
Americas Insurance Co., which previously took on nearly 1,000 homeowner policies that had been covered by Louisiana Citizens Property Insurance Corp., has said it expects to underwrite new policies in most Louisiana parishes. Citizens, the state’s insurer-of-last resort, has been …
CEO Restrepo Talks Cat Losses, Premium Growth and Independent Agents Regional property/casualty insurance companies don’t make headlines like the large institutions. They simply go about their business serving customers and independent agents — and paying claims. How are regional insurance …
Tom Elder has joined All Risks’ National Specialty Programs unit as the lead financial institutions underwriter for the new nationwide REO/ Foreclosure and Lender Placed Property Insurance Program. At All Risks, he will target commercial banks, credit unions, savings and …
Incentive Compensation Focused on Customers, Not Premiums, Works, Consultant Says Al Diamond is one of the country’s best known and respected agency management consultants. His firm, the Agency Consulting Group, is based in Cherry Hill, N.J. Diamond consults with agencies …
Federal lawmakers once again are preparing to tackle the issue of how states can more effectively regulate the surplus lines insurance market. It’s been tried before, but legislation was recently reintroduced in the U.S. House of Representatives with the goal …
Obesity Weighs Heavily on Workers’ Compensation Claims It’s time face facts, we’re a nation of fatties. About a quarter of our citizens can be characterized as obese, according to the Centers for Disease Control and Preven-tion (CDC). And while that …
An Increasing Problem “This is increasingly becoming a problem on our lakes and waterways, and it was important that the Legislature step forward with a strong response.” —Oklahoma Sen. Bill Brown, author of Senate Bill 902, which lowers the legal …
