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

Insurers as Venture Capitalists? Maryland Pondering Tax Credit Plan

Maryland Gov. Martin O’Malley has a new proposal aimed at boosting the amount of venture capital for businesses like bioscience companies. The governor rolled out the proposal on Tuesday during a speech to academic, business and government officials in Rockville. …

Texting While Driving Ban Now Law in Vermont

It’s now illegal to text while driving in Vermont. Gov. Jim Douglas signed the ban into law Tuesday at the Montpelier High School, joining at least 25 states that have banned the practice. The measure also bans the use of …

New York Plans Hearing over Increase in Workers’ Comp Loss Costs

The New York Insurance Department will hold a hearing later this month to consider a 7.7 percent in workers’ comp loss costs that has been recommended by the state’ rate service organization, the New York Compensation Insurance Rating Bureau (NYCIRB). …

CSU Team Increases 2010 Atlantic Hurricane Forecast to 10

The 2010 Atlantic hurricane season is likely to produce 10 hurricanes, five of them major, the Colorado State University hurricane forecasting team said Wednesday, increasing a previous estimate for a “very active” season. The report confirms earlier warnings that more …

St. Louis, Missouri-based WFL Expands Top Management Team

WFL, an insurance and risk services agency headquartered in St. Louis, Mo., has added three new executives – Terry Reams, Mark Latini and Beth Grellner – to its top management team. As chief operating officer, Terry Reams of Eureka, Mo., …

The Essential Insurance Group Unites with Higginbotham & Associates

The Essential Insurance Group LLC, a property/casualty insurance and surety agency serving greater Houston, has joined forces with Higginbotham & Associates, a national insurance brokerage and financial services firm based in Texas. Under the terms of the agreement, the Friendswood, …

Eisenrich Elected President of Texas-based Combined Agents of America

Combined Agents of America LLC (CAA), headquartered in Austin, Texas, announced its newly elected 2010 management committee, including CAA’s new president, Lloyd Eisenrich, president of The Weatherby-Eisenrich Inc. in Andrews, Texas. Other new members of the CAA management committee include: …

Florida Governor Signs Commercial, Professional Lines Deregulation Bill

Florida Gov. Charlie Crist has signed into law a bill exempting certain commercial and professional liability insurance rates from state review prior to use. Current state law exempts only those policies with annual premiums above $500,000 in addition to other …

Massachusetts RMV Adds Online Scheduling of Road Tests

The Internet generation is about to get something it may value more than Facebook or instant-messaging: the ability to schedule driver’s license road tests online. Until Tuesday, 161/2 year olds had to call a Registry of Motor Vehicles hot line …

Brunner to Head Zurich North American Specialty Casualty Group

Zurich has named Roger Brunner head of the Casualty group for its North America Commercial Specialty Products business unit. In this role, Brunner will lead the nationwide team that markets the company’s portfolio of excess, umbrella, special casualty and railroad …