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

Louisiana, Oklahoma Least Affordable States for Car Insurance

Louisiana and Oklahoma enjoy the distinction of having the least affordable auto insurance rates in the country, according to one body of research that considers how much of a family’s income goes to pay for car insurance. Massachusetts, often rapped …

10 Ten states with the most highway-rail grade crossing collisions will be required to develop action plans to reduce the number of accidents. Federal Railroad Administration is requiring Alabama, California, Florida, Georgia, Illinois, Indiana, Iowa, Louisiana, Ohio and Texas to …

Business Moves

AJ Gallagher, Bowen, Miclette Insurance brokerage and risk management services firm Arthur J. Gallagher & Co. has acquired the operations of Bowen, Miclette, Britt & Merry of Arkansas Inc. in Fort Smith, Ark., from Bowen, Miclette & Britt Insurance Agency …

4 ‘Ace’ Agencies, 4 Success Stories

Despite Soft Market, Firms Have Managed to Grow They’re all different – one’s big city; one’s suburban; one’s country; one’s small-to-medium size town. They operate in different parts of the state and have different mixes of business, but these Texas-based …

Post Office Averted Fake Forwarding of Mail Sent to Florida’s Citizens

Florida’s Citizens Property Insurance is probably not missing any mail or checks from customers as the result of a fraudster’s attempt to divert its mail, although the insurer can’t be 100 percent certain. Both Citizens and the U.S. Postal Service …

Why Insurance Agents Must Join the Social Media Revolution

Independent insurance agents need to acknowledge that having “a Web presence is non-negotiable,” according to Michael LaRocco, president and CEO of Fireman’s Fund Insurance Companies. LaRocco said that consumers today – “tomorrow for sure, but also today” – already are …

Tennessee Wife Whose Suicidal Husband Burned Home Denied Claims

A Tennessee woman whose terminally-ill husband burned down his house in an attempted suicide in 2004 is not entitled to collect under policies for the house and autos destroyed in the fire. The Tennessee Court of Appeals recently agreed that …

Declarations

Meant It “I meant exactly what I said in August 2007. I did not expect actual, economic losses on the portfolio. That said, I was truthful at all times about the unrealized accounting losses and did my very best to …

Truckers Insurance Headed in New Directions

Turns in the Road Include Recession, Court Rulings, Safety Initiatives, Coverage Forms The year 2010 might be considered revolutionary in the trucking insurance field, as it is ushering in more changes than those who provide insurance for truckers have seen …

Business Moves

NetComp NetComp Insurance, a newly-formed program manager based in Columbia, S.C., has opened its online program (www.netcompinsurance.com) for small to-mid size workers’ compensation business to all independent agents in Arkansas, Georgia, North Carolina, South Carolina and Texas. NetComp said it …