July 5, 2010
It’s a Twister? “It was a noise I never heard before… Everything was pitch black and going in a circle down the road.” —Edward Beardsley of Bridgeport, Connecticut, where a rare tornado tore through the city, ripping off roofs, knocking …
July 5, 2010
On its Web site, disastersafety.org, the IBHS suggests the following questions may help in analyzing a business’s disaster preparedness level. Are you concerned that your normal business operations might be interrupted by a natural or human-caused disaster? Have you determined …
July 5, 2010
Seven years and running, the soft market shows few signs of loosening its grip on commercial insurance pricing, according to a recent industry study. Average premiums in every line tracked by the RIMS Benchmark Survey fell in the first quarter, …
July 5, 2010
The Connecticut Insurance Department is warning producers against placing coastal homeowners in the surplus lines market if an admitted insurer has offered to renew their policies. Doing so violates Connecticut law, and in a recently released bulletin, the state says …
July 5, 2010
Some recounted their days at the smoldering ruins of the World Trade Center. Some fought back tears. Some complained that no amount of money would make them whole. Despite the mixed emotions, most of the responders on Sept. 11, 2001, …
July 4, 2010
AAA has named current company president Paula F. Downey CEO of AAA Northern California, Nevada and Utah and its insurance affiliate, the California State Auto Group. According to the company, Downey is the only female chief executive among top property …
July 3, 2010
The San Francisco Chapter of National Association of Insurance Women, Internationl, has installed its 2010-2011 officers. They are: President Rae Lynn Zachary of Lockton Insurance Brokers LLC; President-Elect Marie Meadows of International Marine Underwriters; Vice President Sean McCormick of Zurich; …
July 2, 2010
A campaign to end the state’s monopoly on workers’ compensation insurance appears to have enough support to qualify for the November ballot, adding to a busy initiative season in Washington politics. Initiative 1082 supporters submitted stacks of petitions this week …
July 2, 2010
Will D. Davis, a Texas attorney specializing in insurance law, has joined the Austin, Texas, office of Thompson, Coe, Cousins & Irons LLP. Davis, a former general counsel for the Texas Department of Insurance, joined Thompson Coe from the Heath, …
July 2, 2010
Insurance companies, agencies, brokers and producers may offer installment payment plans to Arkansas policyholders for the payment of premium, according to the Arkansas Insurance Department. However, except for those fees specifically allowed by Ark. Code Ann. § 23-66-308, such fees …