Monthly Archives: <span>March 2011</span>

MarketScout Names Muston a Senior Broker in San Diego

MarketScout Wholesale LLC has expanded in San Diego with the addition of Tere Muston as senior broker. Muston joins MSW with 23 years of industry experience marketing property, casualty professional and management liability lines for her group of retail brokers. …

Arizona Regulator Selected for International Supervisory Forum

The National Association of Insurance Commissioners (NAIC) announced that Steve Ferguson, assistant director of the Arizona Financial Affairs Division, has been selected as the U.S. representative to the International Supervisory Forum. Newly established by the executive committee of the International …

Minneapolis’ Snow-Damaged Metrodome About to Get New Roof

Insurance is paying for the bulk of the cost of replacing the roof of the 29-year old Hubert H. Humphrey Metrodome in Minneapolis, Minn. Workers on March 25 began replacing the roof, which ripped open after a December storm dumped …

Good News for Midwest Farmers on Crop Insurance

There were some weary insurance agents in the region March 16. There were plenty of farmers with better-than-usual crop insurance coverage, too. March 15 was the deadline for purchasing or modifying crop insurance for spring-planted crops this growing season. Two …

Employers Rewarded for Insuring Early Retirees Under Healthcare Reform

When President Barack Obama signed his healthcare overhaul into law a year ago, some U.S. companies were quick to flag — and write down — the millions of dollars they stood to lose as a result of one aspect of …

Florida Insurance Office Announces Staff Changes

Florida Insurance Commissioner Kevin McCarty announced several staff changes at the Office of Insurance Regulation (OIR). Al Willis has been appointed acting deputy commissioner for Property & Casualty. Willis was the director of Life & Health Financial Oversight and has …

Michigan Catastrophic Auto Insurance Fee to Rise 1.3%

Michigan auto insurance policyholders will pay an additional $1.91 starting July 1 to help pay the lifetime medical expenses of people seriously injured in accidents. The lifetime benefit is a part of Michigan’s no-fault insurance law. Under the law, the …

Japan Reinsurance Prices Should Rise 50%: Analyst

Risk modeling company AIR Worldwide tightened its estimate for insured losses from the Japan earthquake and tsunami, as one analyst said reinsurers did not appear to be raising rates fast enough to compensate for the March 11 disaster. AIR estimated …

Connecticut Lawmakers Approve Local Lawsuit Protection Bill

A proposal to protect Connecticut cities and towns from lawsuits over injuries on lands owned by municipal authorities has passed a key legislative committee. The Planning and Development Committee voted 19-1 Friday to approve a bill that would provide municipalities, …

New Jersey, Home to Oldest U.S. Nuke Plant, Reviewing Safety

New Jersey, the most densely populated state and home to the nation’s oldest nuclear power plant, created a task force Friday to review safety and emergency response plans at nuclear plants in light of the disaster unfolding in Japan. The …