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

Greg Gold, CIC, CISR Joins the Atlantic Specialty Lines of Florida Team

Atlantic Specialty Lines of Florida, the Western Florida office of the independently owned Wholesale Brokerage firm with offices throughout the Mid-Atlantic, announces that Greg Gold, an experienced marketing and field underwriter, with 20 years of experience has joined their team. …

Clark Awarded Lance Ewing CRM Scholarship

The National Alliance for Insurance Education & Research has awarded Valerie Clark, senior director or risk management at Quiznos with a Lance Ewing Scholarship. The scholarship is for attendance at any course offered by the Certified Risk Managers (CRM) Program. …

Federal Drought Assistance Limited in Klamath

Klamath, Ore., farmers who did not buy federal crop insurance last year are not likely to see much in the way of disaster assistance for this year’s drought. The Herald and News newspaper reports that despite requests from the governor …

Tornadoes Rip Southern States; 10 Dead; 1,000 Homes Destroyed

Dozens of tornadoes left a path of destruction more than 50 miles long throughout the southern U.S.—including Alabama, Arkansas, Georgia, Louisiana, Mississippi and Tennessee—over the weekend. Ten people were killed in Mississippi. According to catastrophe risk modeling firm AIR Worldwide, …

Lloyd’s ‘360 Report’ Examines Water Scarcity Threats to Business

A new report in Lloyd’s “360” series examines the threats posed to business as a result of the increasing scarcity of water. According to the report, Global water scarcity: risks and challenges for business, prepared in cooperation with the conservation …

Financial Reform Hits First Hurdle in U.S. Senate

The most sweeping overhaul of U.S. financial regulation since the Great Depression appeared unlikely to clear its first hurdle in the U.S. Senate Monday as Republicans held out for a bipartisan deal. Even as Wall Street reeled from more revelations …

Mixed Ruling in Connecticut Contingent Commissions Case

A Connecticut court has ruled that Wells Fargo-owned insurance brokerage Acordia Inc. broke the law by failing to disclose it received contingent commissions from five insurers. At issue in the case was an internal marketing program within Acordia known as …

Ohio’s State Auto Insurance Reaches ‘Million Billion’ Milestone

The State Auto Insurance Group, headquartered in Columbus, Ohio, has reached a significant milestone in its sales of personal lines insurance: one million policies and one billion dollars in premium. “Success in our expansion states, along with new products and …

A.M. Best: U.S. P/C Industry Results Rebound

The U.S. property/casualty industry reported a strong fourth quarter topping off a solid year, according to rating analysts. Net income climbed to $31.1 billion in 2009, driven by improved underwriting results, the continued recovery of the financial markets and disciplined …

United Fire & Casualty Earned Premiums Down in Q1, Net Income Up

Cedar Rapids, Iowa-based insurance company United Fire & Casualty Co. reported a dip in premiums earned in the first quarter of 2010 compared with that in the same period in 2009, but total revenues and net income rose. In the …