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

People

Accident Fund Insurance Company of America, based in Lansing, Mich., appointed Lisa Riddle the new vice president of Claims and Medical Operations. In her new role, Riddle is responsible for the strategic direction of Accident Fund’s claims operations and medical-cost …

P/C Insurers Can Handle Chinese Drywall Costs, Says Moody’s

Property/casualty insurers are expected to continue to handle costs for defective Chinese drywall claims in the normal course of business, according to a rating analyst with Moody’s Investors Service. Losses from Chinese drywall will probably be covered within insurers’ earnings, …

It Figures

11 Eleven plaintiffs remain in a round of lawsuits against a microwave popcorn packaging plant in Jasper, Mo. Originally, 44 plaintiffs were part of lawsuits filed in 2006 against the makers of butter flavorings used at the Jasper Popcorn Co. …

Massachusetts Jury Awards $1.6M in Suit over College Student’s Death

A jury has awarded a Massachusetts couple $1.6 million in a malpractice lawsuit over the death of their son on a college basketball court. Antwoine Key, a 22-year-old senior at Eastern Connecticut State University, collapsed during a game at Worcester …

Louisiana Bills Would Ban Insurance Cancellations from Drywall

Two bills that would prohibit property insurance companies from canceling policies or raising rates on homeowners who make damage claims stemming from corrosive Chinese drywall were proposed in Louisiana in advance of the state’s 2010 legislative session. Senate Bill 595 …

Making Continuous Coverage Auto Insurance Discount Portable Is Good for Consumers

The Alliance of Insurance Agents & Brokers supports Proposition 17 on the June 2010 statewide ballot because it will make the auto insurance market more competitive, offer drivers more choices and lead to lower rates for millions of California drivers. …

People

New Jersey-based Synergy Professional Associates has hired Thomas Dattoli as manager of its professional liability unit. Dattoli will be responsible for underwriting professional and excess liability for lawyers, and underwriting Synergy’s insurance agents and brokers professional liability program for MGAs …

Illinois High Court Rules Against Insurer in Underinsured Motorist Case

The Illinois Supreme Court has ruled that an appellate court was correct when it found that an insurance company cannot exclude occupants of an insured vehicle from underinsured motorists coverage (UIM). The high court’s decision stems from a pair of …

When a House Is a Home … and a Museum

How One Insurance Agency Is Helping Preserve Historic Homes and Businesses While other insurance agents are out visiting manufacturing plants, shopping malls and office parks, Brian Phoebus is hanging out in historic homes, renovated museums, art galleries and performing arts …

Ex-New York City Crane Inspector Admits Taking Bribes

New York City’s former chief crane inspector admitted taking more than $10,000 in payoffs to fake inspection and crane operator licensing exam results, selling out a 26-year career bit by bit over nearly a decade. James Delayo pleaded guilty to …