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

Insurance Journal Searches for Nation’s Leading Agencies

Insurance Journal is on the search for leading privately-held property casualty independent agencies and brokerages for its annual Top 100 Property/Casualty Independent Insurance Agencies report. Top Overall Independent Agencies, Top Commercial Lines Independent Agencies, Top Personal Lines Independent Agencies, and …

America First Insurance Expands Agent Support in Louisiana, Oklahoma

America First Insurance, a Liberty Mutual Agency Markets regional company, has added key agent support positions in Louisiana and Oklahoma. Donnie Brackins has been appointed Commercial Lines Underwriting manager for Louisiana, and will be based in America First Insurance’s branch …

Oklahoma House Passes State Agency Workers’ Comp Bill

The Oklahoma House has approved legislation to allow state agencies to buy workers’ compensation insurance from private insurers instead of the state provider. The House voted 54-43 for the measure and sent to the Senate for a vote. But an …

Arkansas Insurance Agent Wins GOP Nomination for Lt. Gov.

A Springdale, Ark., insurance agent has won the Republican nomination in Arkansas for lieutenant governor. Mark Darr will face state Sen. Shane Broadway in the fall to take over the No. 2 spot vacated by Bill Halter, who’s challenging U.S. …

Commercial Market to Remain Stable, Challenging for Risk Managers: Marsh

Despite the global economic crisis, the commercial insurance market is poised to remain stable through 2010, but new challenges are emerging for risk managers, according to a report issued by insurance broker Marsh. The financial crisis has brought risk management …

Insurance Safety Group: Keep Low-Speed Vehicles Off Public Roads

As more states are allowing souped-up golf carts and other low-speed vehicles on public roads, safety researchers for the insurance industry say they should apply the brakes to this trend even though the carts may be eco-friendly. Crash tests by …

Fairfax Receives Regulatory Approval for Zenith Acquisition

Toronto-based Fairfax Financial Holdings Limited and California-based Zenith National Insurance Corp. announced that Fairfax has received approval from the California Department of Insurance for the acquisition by Fairfax of Zenith pursuant to the previously announced merger agreement [See IJ web …

Vermont Commissioner Resigns, Deputy Named as Replacement

Deputy Commissioner Mike Bertrand will be appointed insurance commissioner in Vermont, after Paulette Thabault resigned from that position earlier this week. Gov. Jim Douglas said Thabault will take a position with CVS Caremark MinuteClinic. Bertrand, who currently serves as deputy …

Florida Hurricane Fund Has $17 Billion in Cash for Claims

The Florida Hurricane Catastrophe Fund is as healthy as ever heading into the 2010 storm season. An advisory council to the fund reported Tuesday that it has enough cash and bonding ability to pay off more than $25 billion in …

Tennessee Insurance Agents Warned on Flood Insurance E&O Exposure

Some Tennessee homeowners have been surprised to learn their policies won’t pay for flood damage and an attorney and lobbyist is warning insurance agents not to admit to any wrongdoing if clients confront them about the problem. “Very important: DO …