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

Provider Insurance Group Hires Gaudette as Account Executive

Massachusetts insurance agency Provider Insurance Group has hired Robert Gaudette as a commercial lines account executive. He has over 10 years of experience, specializing in property and casualty insurance for manufacturers, wholesale distributors and contractors. __ Source: Provider Insurance Group

Breslav to Head Alternative Markets Team at SRS

Specialty Risk Services has appointed Gordon Breslav to its Alternative Markets sales team. Breslav will originate new business and captive, program, association and BPO relationships throughout the eastern region of the United States. SRS, based in Hartford, Connecticut, is a …

Arizona Bill Banning Texting While Driving Dies in Senate

The Arizona Senate in an 11-11 vote failed to pass a bill that would have banned texting on a cell phone while driving. If it had passed, SB 1334 would have imposed fines of $50 for from operating a motor …

Regulators: Captive Insurance Now a Billion-Dollar Industry in Missouri

The captive insurance market in Missouri has seen explosive growth in the past year, state regulators say, with annual premium for these companies reaching a little more than $1 billion for 2009. By comparison, premium for captives in Missouri in …

National Flood Insurance Program Temporarily Restored

The U.S. Senate last night passed legislation that includes an extension of the federal flood insurance program until March 28. President Obama has signed the measure. The extension means that the National Flood Insurance Program (NFIP), which has been unable …

Stratton Receives ISU International Star Producer Award

ISU International announced it is giving its “Star Producer” award for 2010 to Mike Stratton of ISU Stratton Agency in Pendleton, Ore. He earned first place among candidates based upon his outstanding prior year sales success. The seven national finalists …

Amerisafe Net Income Rises Despite Premium Decreases in Q4 2009

DeRidder, La.-based workers’ compensation insurer Amerisafe Inc. reported net income of $6.6 million in the fourth quarter of 2009, an increase of 15 percent over the $5.7 million recorded in the fourth quarter of 2008. Gross premiums written in the …

Burns & Wilcox Adds McCormick

Laura McCormick has joined Farmington Hills, Mich.-based Burns & Wilcox as a professional lines broker specializing in miscellaneous professional, environmental consultants, E&O and non-profit D&O. McCormick has been a deputized Lloyds Underwriter since 1990 and has 20 years’ experience accepting …

Louisiana’s Vitter Wants to Stop Flood Map Updates While Levees Fixed

U.S. Sen. David Vitter of Louisiana wants to stop the Federal Emergency Management Agency from updating flood maps around communities working to fix levees found to be deficient. Vitter said many areas in Louisiana could face a steep rise in …

Optional Insurance for Oklahoma Lawmakers Approved in House

The Oklahoma House has passed legislation allowing lawmakers to opt out of the state employees group health and life insurance plans. House members voted 92-4 for the bill and sent it on to the Senate for consideration. The measure’s author, …