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

Georgia Chief Offers Tips on How to Safely Deep Fry Turkey

Deep frying is an increasingly popular way to cook a turkey, but it’s not without its dangers. Insurance Commissioner John Oxendine urges Georgians to be careful when deep frying the holiday bird. He offers some basic tips: Always use turkey …

Arthur J. Gallagher Buys North Carolina’s Shuford Insurance

International insurance broker Arthur J. Gallagher & Co. reported it has acquired Shuford Insurance Agency, Inc. in Concord, North Carolina. Terms of the transaction were not disclosed. Founded in 1938, Shuford Insurance Agency, Inc. is an independent insurance agency offering …

UPDATE: RMS Gives Preliminary Loss Estimates from UK Floods

Risk Management Solutions has issued a bulletin that presents several possibilities concerning the economic losses from the floods, which have caused extensive damage in northwest England [See IJ web site – https://www.insurancejournal.com/news/international/2009/11/23/105496.htm]. The catastrophe modeling firm notes that the floods …

Katrina MRGO Ruling Could Bring New Deluge of Lawsuits

A landmark court ruling blaming the Army Corps of Engineers’ “monumental negligence” for some of the worst flooding from Hurricane Katrina could lead to a new deluge: billions of dollars in legal action from thousands of storm victims. The federal …

Kentucky Ex-Lawmaker Pleads Not Guilty to Murder of Insurance Employee

Former Kentucky lawmaker Steve Nunn has entered a not guilty plea for his client in a Lexington courtroom on a murder charge stemming from the shooting death of Nunn’s ex-fiancee. Nunn appeared glum-looking last week during the brief video arraignment. …

Texas Supreme Court Agrees to Rehear Exxon Abandoned Wells Case

The Texas Supreme Court says it will again hear arguments in the nearly 15-year legal battle over accusations that Exxon Mobil Corp. loaded abandoned wells with junk, sludge and even explosives to keep other companies from drilling there. A small …

Indiana Agents Group Names State Auto Company of the Year

Columbus, Ohio-based State Auto Insurance Group has been named 2009 Company of the Year by the Independent Insurance Agents of Indiana (IIAI). According to the IIAI, this award recognizes the company that most demonstrates a strong commitment to the independent …

Hoehne Joins Lockton Benefit Group in Minneapolis

Christine Hoehne has joined Lockton Benefit Group as an account executive in Lockton’s International Benefit Services practice in Minneapolis, Minn. Prior to joining Lockton, Hoehne spent eight years as an account executive for the Americas region of All Net, the …

Wisconsin Technical College Creates Insurance Education Program

Madison, Wis., Area Technical College has launched an Insurance Certificate Program to respond the needs of the growing insurance industry in that state. Wisconsin has the 6th largest concentration of insurers in the nation employing over 65,000 people statewide and …

S&P Upgrades Crum & Forster Ratings to ‘A-‘; Fairfax ‘BBB-‘ Rating Affirmed

Standard & Poor’s Ratings Services has raised its counterparty credit and financial strength ratings on Crum & Forster Insurance Co. and related entities to ‘A-‘ from ‘BBB+’. S&P also affirmed its ‘BBB-‘ counterparty credit rating on Fairfax Financial Holdings Ltd. …