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

Vredenburg Heads Acquisitions for Florida’s Assured Agencies

Paul Vredenburg has joined Assured Agencies in Lake Mary, Fla. as senior vice president of business development. In this position, Vredenburg will be responsible for identifying acquisition opportunities for Assured Agencies. He will also serve as a member of the …

Couch Braunsdorf Hires Routzahn as D.C. Sales Director

New Jersey-based broker Couch Braunsdorf Insurance Group has hired Todd Routzahn as a regional sales director for its professional liability division. Routzahn will focus on the Washington D.C. area, and help grow the mid-Atlantic presence for Couch Braunsdorf, which is …

Fans of Winning Teams in More Deadly Crashes After Big Games

There may be more on the line in major sporting events than many sports fans think. Closely contested major sporting events are followed by a significant increase in traffic fatalities for fans of the winning team, according to new research …

Panel Recommends New Business-Only Court in West Virginia

The West Virginia Supreme Court is being encouraged to create a new system to consider all business-related lawsuits. The recommendation comes from a six-member committee the court appointed last year in response to legislation. Lawmakers called for the review, saying …

Michigan Court Orders Insurer to Pay Mother Who Saw Son Die in Crash

An Ohio insurance company must pay benefits to a Detroit-area woman who suffers from witnessing the death of her son on a motorcycle. The Michigan appeals court said Gale Boertmann of Clinton Township can collect on her auto policy because …

Alabama Senate Approves Auto Insurance Verification Database

The Alabama Senate has voted to set up a computer database that would allow county tag officials and law enforcement to instantly check whether a vehicle has liability insurance. The Senate voted 35-0 Wednesday for a bill by Republican Sen. …

Mississippi Senate Passes Auto Insurance Verification Bill

A bill designed to force compliance with Mississippi mandatory insurance laws passed this week in the Senate, and was among several proposals facing a legislative deadline. The bill would allow the state Department of Public Safety, the Department of Revenue …

WikiLeaks Cables Show China Regulator Intervened as AIG Crumbled

U.S. officials believe China’s insurance regulator passed on proprietary information about AIG to its Chinese rivals during the American firm’s collapse in 2008, according to unpublished diplomatic cables. The U.S. government bailout of American International Group Inc. in 2008 sent …

Insurers’ Share Prices Fall on Japan Earthquake News

Shares in European insurers and reinsurers fell sharply in early trading on Friday after Japan was hit by a massive earthquake, one of the biggest ever recorded. The quake, which measured 8.9 on the Richter scale, hit off the northeastern …

Guy Carpenter Selected as New CCRIF Placing Broker

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has announced the appointment of Guy Carpenter & Company, LLC as the new Placing Broker for the Facility, beginning immediately in “preparation for the renewal of CCRIF’s reinsurance program on 1 June.” The …