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

A.M. Best Withdraws Ratings of Electric Lloyd’s of Texas

A.M. Best Co. has withdrawn the financial strength rating (FSR) of A (Excellent) and issuer credit rating (ICR) of “a” of Electric Lloyd’s of Texas (Electric Lloyd’s) (Dallas, Texas) and assigned an NR–5 (Not Formally Followed) to the FSR and …

Texas Insurer Group Awards Scholarships to Huston-Tillotson Students

The Insurance Council of Texas (ICT) has honored three students participating in the insurance curriculum at Huston-Tillotson University in Austin with scholarships. The 2010 ICT scholarship recipients at Huston-Tillotson are Ashley Simpson, Brittany McMillan and Christopher Yuen. Each student was …

PIA National Names Russell Agent of the Year; Tahaney CSR of the Year

The National Association of Professional Insurance Agents (PIA) named Timothy G. Russell of Sandy Hook, Conn., as the 2010 Professional Agent of the Year and Jennifer A. Tahaney of The Seltzer Group in Schuylkill Haven, Pa., as the 2010 PIA …

Consultant: Social Media Can Drive Traffic to Agency’s ‘Home Base’

One of the primary reasons why insurance agents don’t jump into the world of social media — such as blogging, Facebook, Twitter, LinkedIn, YouTube, and the myriad other Web-based avenues for reaching out to the world at large — is …

American Collectors Insurance Enters Hawaii

American Collectors Insurance, a provider of specialty insurance for collector vehicles and collectibles, has expanded to its 50th state by offering collector-vehicle insurance coverage in Hawaii. American Collectors, which has provided collector-vehicle insurance since 1976, offers insurance for collector cars, …

Rockwood Reduces Minimum Premiums for EPLI

Rockwood Programs, Inc. has reduced the minimum premiums applicable to its employment practices liability insurance (EPLI) product. Rates now start as low as $750 for limits of $250,000 per claim and $250,000 in the aggregate. Minimum premiums have been reduced …

Sparks Police Cite 68 for Lack of Proof of Insurance

Spark, Nev., police cited more than 600 drivers and made one arrest during a nearly month-long campaign to address growing complaints about speeding on the city’s streets. Sgt. Pat Dyer says additional officers were added to the streets from Feb. …

FAA Proposes $1.5M Fine Against Northwest Airlines

Federal regulators are proposing a fine of almost $1.5 million against Minneapolis-based Northwest Airlines because it didn’t inspect wires near the cockpit windows on some of its planes. The proposed civil penalty has its roots in a 1990 order by …

London Science Museum Goes Climate Science Neutral

A new climate gallery at London’s Science Museum, sponsored by Royal Dutch Shell, will step back from pushing evidence of man-made climate change to adopt a more neutral position. The £4 million ($6 million) exhibition, opening in November, will provide …

New York Police Agree Driver Error Caused Toyota Crash

A New York housekeeper who reported that her boss’ Toyota Prius accelerated on its own and wouldn’t brake as she hurtled toward a stone wall apparently had her foot on the gas pedal the entire time, according to a police …