Monthly Archives: <span>February 2010</span>

Insurance Fraud Reportedly Increasing in Virginia

The number of suspected insurance fraud notifications received by the Virginia State Police are continuing to increase, according to the Insurance Fraud Program’s 2009 Annual Report Last year, the Insurance Fraud Program received a record 2,078 notifications of suspected insurance …

AAMGA Funds $1 Million Insurance Chair at Georgia State University

The wholesale insurance industry association, American Association of Managing General Agents (AAMGA), has created a Distinguished Chair in Risk Management and Insurance at the J. Mack Robinson College of Business at Georgia State University. The chair is being funded by …

C.V. Starr & Co. Appoints Sokol as Marketing Manager

Jacob Sokol has been apppointed marketing manager of C.V. Starr & Co. Inc. based in New York, N.Y. Sokol will be responsible for the development and implementation of Starr’s marketing efforts as the company continues to strengthen and expand its …

Will Gay Marriage Bring New Marketing Opportunities for Agents?

In business, change brings opportunity. And when it comes to states that have recently legalized gay marriage, some see a marketing opportunity in selling insurance products for wedded gay couples. The “gay market” in the United States is huge, according …

Arson Charge in Famed Philadelphia Music Company Fire

A man rescued from a fire at a renowned R&B record company had been using a lighter to see inside the building, which he entered while possibly intoxicated, police said Wednesday in charging him with arson. Police said Christopher Cimini, …

Ex-Football Player Settles Insurance Dispute with University of Georgia

A former University of Georgia cornerback has reached a $400,000 settlement with the school’s athletic association over an insurance policy dispute. Decory Bryant’s settlement comes weeks after an Athens-Clarke County judge dismissed his lawsuit that claimed the athletic association failed …

State Farm Follows ‘Lose-One, Write-One’ Policy in Mississippi

State Farm gave consumers one part of its policy change when it announced eight months ago it would resume issuing insurance policies in Mississippi. What the company didn’t say is it is writing policies on a lose-one, write-one basis. So …

Key Senator Reports Compromise Reached on U.S. Patent Reform

Leading U.S. lawmakers have reached a tentative agreement to reform the nation’s patent system, according to Senator Patrick Leahy, chairman of the Judiciary Committee and a leader in the effort. Leahy did not provide details of the compromise on Thursday, …

Obama, Republicans Clash at Healthcare Summit

President Barack Obama and Republicans clashed frequently Thursday at a summit on his stalled healthcare overhaul, battling over the size and cost of the proposal and moving no closer to a compromise agreement. Obama told about 40 congressional leaders his …

AIG Reduces Q4 Loss; Reports Some Stabilization While Challenges Remain

American International Group, Inc. (AIG) reported a net loss of $8.9 billion for the fourth quarter of 2009, compared to a net loss of $61.7 billion in the fourth quarter of 2008. The company said that net loss in the …