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

Midwest Threatened with More Flooding

The Mississippi River is back above flood stage from the southern tip of Iowa through Missouri, leaving some communities on edge as more storms threaten to bring more water. Parts of southern Iowa, northern Missouri and western Illinois received 5-7 …

Risk Managers See More Commercial Lines Premium Decreases in Q2

Decreases in average renewal premiums continued to show up for commercial clients during the second quarter of 2010, according to risk managers. Premium decreases of between 2.5 and 3.8 percent were reported for property, general liability, directors and officers liability …

Former Connecticut Insurance Commissioner Dies

Former Connecticut Insurance Commissioner Susan Cogswell, the first woman to hold the job, has died. She was 57. The Republican Town Committee of Torrington, where Cogswell lived, released a statement saying Cogswell died Tuesday morning surrounded by her family. She …

Oklahoma Insurance Chief Challenges Medicaid Tax

Oklahoma Insurance Commissioner Kim Holland has asked the Oklahoma Supreme Court to strike down a new state law designed to raise revenue for the state’s Medicaid program. The law imposes a fee on health insurance carriers. Holland filed a petition …

Builder Agent Network Offers Package Policy for Texas Home Builders

The Builder Agent Network (BAN) is expanding it offerings for Texas home builders and general contractors to include a new package policy for home builders. BAN is a managing general agent for several insurance companies and works through a network …

Jury Convicts South Carolina Workers’ Compensation Consultant

After a two day trial, a South Carolina workers’ compensation consultant and former state representative has been found guilty of mail fraud for fabricating payroll figures in order to obtain lower premiums for a client, according to officials. U.S. Attorney …

Obama Opposes Adding Wind Coverage to Federal Flood Insurance

The Obama Administration is again opposing a move to add wind insurance to the federal flood insurance program, as has been pushed by Rep. Gene Taylor, D.-Miss. A statement from the Office of Management and Budget says Taylor’s bill, HR …

Vermont Sees Growth in Number of Captive Insurers

Seventeen new captive insurers formed in Vermont through the first half of the year, a rate that puts the state on pace to have one of the best years in its history in terms of new captives. Last year the …

Morgan Promoted at CMIC

CMIC, a Connecticut-based medical professional liability insurer, has promoted Michael F. Morgan to vice president of Business Development. Morgan’s responsibilities include the development and promotion of professional liability solutions for health care professionals and hospitals throughout New England. He joined …

Donegal Ratings ‘Unchanged;’ Michigan under Review Negative Says Best

A.M. Best Co. has issued two bulletins following the announcement that the Donegal Group has entered into an agreement to acquire all of the outstanding stock of Michigan Insurance Co., a majority-owned stock subsidiary of West Bend Mutual Insurance Co. …