July 15, 2010
The nation’s top mine safety official urged quick passage this week of a bill that would crack down on mines with safety problems, despite industry complaints that the legislation is too punitive. Mine Safety and Health Administration director Joe Main …
July 15, 2010
Tina Carroll, a State Farm agent, has been named president of The Insurance Professionals of Central of Virginia for the group’s 2010 to 2011 year. The group’s other newly elected officers are Vice President Sheila Norris, Secretary Macon Bailey, and …
July 15, 2010
Both sides presented their views at a hearing of the House Ways and Means Committee on Wednesday, July 14. Compromise over whether or not to disallow deductions for premiums paid to purchase reinsurance from “affiliated companies,” who are located outside …
July 15, 2010
Birmingham has banned texting while driving. The Birmingham City Council voted unanimously to set a $100 fine for drivers caught texting. Councilman Johnathan Austin, chairman of the council’s public safety committee, compared the rule to a seat belt law. He …
July 15, 2010
Former Sledge Mayor Bernard Handy, former City Clerk Mary Allen and current City Clerk Yvonne Amos have been issued demand letters for the repayment of illegally spent Fire Insurance Rebate Program funds. Auditor Stacey Pickering and Insurance Commissioner Mike Chaney …
July 15, 2010
Two Atlanta couples are suing BP PLC for damages as a result of the Gulf oil spill. The class-action lawsuit, filed in the U.S. District Court of Northern Georgia, seeks compensation for loss of income, property value and enjoyment by …
July 15, 2010
All 16 private insurance companies that participate in a federal crop insurance program have signed off on the new federal reinsurance agreement that cuts the subsidies they get by $600 million a year for the next 10 years. The insurers …
July 15, 2010
The National Wildife Federation claims in a lawsuit that the Federal Emergency Management Agency’s flood insurance program is hurting sea turtles by spurring coastal development. The lawsuit filed in Miami federal court claims FEMA is violating the Endangered Species Act …
July 15, 2010
American International Group named director Robert “Steve” Miller as its new chairman, replacing Harvey Golub, who resigned after clashing with Chief Executive Robert Benmosche over the botched sale of the insurer’s Asian life unit. “Bob Benmosche has informed the board …
July 15, 2010
Claims specialists Cunningham Lindsey Group Limited have completed four strategic acquisitions in Europe. President and CEO Philippe Bès reported that the Group is “ahead of our internal plans in the implementation of this expansion program, and have completed most of …