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

MarketScout Wholesale Expands with Florida Office Headed by Lyons

MarketScout Wholesale (MSW) has expanded operations opening a new location in Tampa, Florida. Greg Lyons joined MSW to lead Florida operations as a senior broker. Prior to joining MSW, Lyons was a property broker with Appalachian Underwriters and CRC Insurance …

Ironshore Launches Combined Coverage for Vacant Buildings

Ironshore has introduced an insurance program to protect against adverse risk exposures for U.S. commercial properties that are vacant or partially occupied. Ironshore Property’s newest program, Ironshore Vacancy Assure, was designed to address risk exposures unique to properties with low …

Residential Contractor Umbrellas: Tough Sell in Tough Times

Residential construction is and has been an extremely important class of business for surplus lines insurers and agents. In recent years, however, demand for residential work in this country has dropped dramatically. According to the U.S. Census Bureau, 1,931,400 homes …

New Jersey Supreme Court: Insurer Must Defend in House Guest Overdose

An insurance company must defend a homeowner who was sued after a woman overdosed on drugs at a house party he held, the New Jersey Supreme Court has ruled. This week’s ruling written by Justice Helen E. Hoens reversed an …

FBI Raids Tennessee Payroll, Insurance Firm Sommet Group

Federal agents have raided the office of a Williamson County company with a connection to the Nashville Predators. The Tennessean reports that the FBI, working with the U.S. Department of Labor and the Internal Revenue Service, executed a search warrant …

Few Iowa Communities Join Flood Insurance Program

Officials say just 18 cities and counties in Iowa have enrolled in the National Flood Insurance Program since the floods of 2008. Those that participate must agree to adopt and enforce flood plain management ordinances to reduce future flood damage. …

Apperson Elected President of Alamo Chapter, Society of CPCU

Andrew C. “Drew” Apperson was recently installed as president of the Alamo Chapter, Society of Chartered Property Casualty Underwriters, in San Antonio, Texas. He received his CPCU designation in 1993 and also holds the CIC (Certified Insurance Counselor) and CRM …

Louisiana Agent Accused of Misappropriating Premium

A West Monroe, La., agent has been served by Department of Insurance Fraud Section Investigators with a cease and desist order, a summary suspension order and fine notice for alleged misappropriation and misrepresentation. Michael Ryan Evans, 26, who faces a …

Arkansas: Consumers Scammed by Insurer Face Claim Deadline

Arkansas Consumers who were scammed by an unlicensed health benefits company called American Trade Association Inc. (ATA) or its affiliates have until Aug. 31, 2010, to pursue a refund of money they paid for this phony insurance product, the Arkansas …

Health Insurer to Pay Connecticut $250K for Data Breach

A California-based health insurance company has agreed to pay Connecticut $250,000 for losing a disk drive containing private information of 1.5 million customers, including nearly 450,000 state residents. Attorney General Richard Blumenthal announced that along with the settlement, Health Net …