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

People

Scott Brock was appointed CEO of Dallas-based Goss Reinsurance Brokers Inc., the reinsurance brokerage division of U.S. Risk Insurance Group Inc. Brock will work with Chris Turner, president of Goss Re, to provide focused, personalized reinsurance program and capital market …

Heart of the Matter

The Best Agencies to Work for in 2010 do not all look or act alike. They are of different shapes and sizes and they serve different markets. They offer different programs and benefits. They support different community activities. The Best …

It Figures

$66,500 The refund that an Indiana insurance agent Timothy Allen Craig will pay to poultry farmers in Mississippi under a settlement announced by Insurance Commissioner Mike Chaney. Chaney said the refund will go to 500 insured farmers for inspections of …

Florida’s Citizens Says Sinkhole Claims Require Rate Hike

At a hearing before the Florida Office of Insurance Regulation, Citizens Property Insurance Corp. officials blamed sinkholes as the major reason the public insurer needs a rate increase. Testifying at the public hearing in Tallahassee, Paul Palumbo, senior vice president …

Declarations

Kentucky Test Drives “This is primarily set up for kids. There are 300 different driving scenarios we can put somebody through on this. When you put all of that together, it becomes more than a video game. It makes you …

6 Ways Agents Fail Their Workers’ Compensation Customers

Agents Can Easily Fall into the Trap of Poor Service and Not Even Know It Like most agents, you work hard at writing new accounts, what salespeople through the years have referred to as “getting the fish in the boat.” …

People

Former AIG Chief Executive Officer Martin Sullivan, who was ousted three months before the U.S. government bailed the insurer out, is joining Willis Group Holdings PLC. Sullivan will head a new unit – Willis Global Solutions– that will oversee brokerage …

North Carolina Workers’ Compensation Insurers Seek Slight Increase

North Carolina Insurance Commissioner Wayne Goodwin has received the 2010 workers compensation rate filings from the North Carolina Rate Bureau, the organization that represents the state’s workers compensation insurance companies. The filings requested an average increase of 1.2 percent in …

Hurricane Earl Proves Kinder, Gentler Than First Feared

Risk modelers say Hurricane Earl caused very minimal damage as it passed by the East Coast and agents in the hardest hit area of the United States, the Outer Banks of North Carolina, say they have been receiving few claims. …

Insurers Probed Over Major League Baseball Teams’ Financial Data Leak

The New York Times reported that a Major League Baseball investigation into leaked financial documents is focused on insurance companies that do business with clubs. The Times reported the companies under investigation sell liability insurance for top-level team executives and …