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

Hurricane Igor Expected to Intensify

The strength of Hurricane Igor is likely to flucuate over the next few days as it crosses the Atlantic Ocean, according to the National Hurricane Center. As of 11 a.m. Eastern time on Monday morning, Hurricane Igor was a category …

Texas: Misuse of Insurance Settlement Payments Increasing

The Texas Department of Insurance (Department) has issued a bulletin stating that misdirection, misapplication and improper use of insurance settlement payments appear to be on the rise. The bulletin is in response to a report from the State Bar of …

Gillispie Joins Highland Risk Services in Chicago as VP

Ryan Gillispie has joined Highland Risk Services in Chicago as vice president effective Sept.1, 2010. Gillispie is responsible for wholesale brokering of property and casualty insurance for long term care facilities and allied health providers through a network of retail …

Ohio Insurance Director Accepts Surrender of Agent’s License

Ohio Department of Insurance Director Mary Jo Hudson has accepted the surrender of the resident insurance agent license of John Elder of Lancaster, Ohio, for alleged violations of Ohio insurance law. The department said an investigation revealed that Elder allegedly …

Reid, Evans Appointed to Oklahoma Workers’ Compensation Court

Oklahoma Gov. Brad Henry has appointed two new judges to the Oklahoma Workers’ Compensation Court. Judge David Reid of Tulsa will fill the Office 6 position previously held by Mary Black and Judge Owen Evans of Tulsa will fill the …

Agency Valuations: A Victim of the Credit Bubble?

In the early 1700s, John Law, a brilliant mathematician, advised the French government their economy could be improved by printing lots of paper money not backed by gold or silver. The key was getting people to trust the paper money. …

Towers Watson: New Risks, Regulations Reshape Reinsurance Industry

The growing complexity of reinsurance markets in recent years has increased demands on reinsurance buyers and radically transformed the industry, says Towers Watson. Changes such as complex market data, Solvency II implementation, the dual challenges of accessing risk and distributing …

Aon Announces Leadership Team for Merger with Hewitt

Insurance broker Aon Corp. said it has finalized a five-year employment agreement with the head of Hewitt Associates, the benefits and human resources consulting giant it agreed to purchase earlier this year. Russell P. Fradin, current chief executive officer of …

Florida Arrests Alleged Citizens Property Scammer

Florida Chief Financial Officer Alex Sink today announced the arrest of Aylin Hernandez, 23, of Miami, for fraudulently diverting mail and stealing payments intended for Citizens Property Insurance Corporation. Hernandez was arrested this morning and booked into the Turner Guilford …

New Hampshire Woman Blinded by Drug Wins $21M in Lawsuit

A federal jury in New Hampshire has awarded $21 million to a woman blinded and scarred by a prescription drug she took for shoulder pain. Karen Bartlett, 51, of Plaistow suffered extreme burns to her skin, mucus membranes and eyes …