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

Keystone Insurers Adds 22nd Kentucky Agency

Linville Insurance Agency Inc. of Berea has become Keystone Insurers Group’s newest franchise partner in Kentucky. This brings the total number of Keystone’s franchises in the state to 22. The agency has locations in Berea and Richmond and provides insurance …

The Hartford Shedding Bank Used for TARP Bailout

The Hartford is divesting Federal Trust Bank, the Florida thrift it acquired in 2009 in order to receive federal bailout money as part of the Troubled Asset Relief Program (TARP). Davenport, Florida-based CenterState Banks will acquire Federal Trust in a …

Aon Risk Solutions Adds Valdez in California

Aon Risk Solutions, the global risk management business of Aon Corp., announced that Jamin Valdez has joined the Los Angeles office as account executive. In his new role, Valdez is responsible for delivering specialized solutions related to environmental risk management. …

Neace Lukens Launches New Energy Consulting Service

Neace Lukens has launched a new energy consulting service as part of its risk management division, CORE Solutions Property Services (CSPS). This energy service program was established as part of new business relationships forged with Ecotech Renewable Engineering, a Cincinnati, …

Crump Promotes Heuer to VP, National Agency Relations

Mark Heuer has been promoted to vice president – national agency relations for Crump Insurance Services Inc. In this position, Heuer will work with larger retail agents helping to match resources, teams and expertise. He will also work with carriers …

Finally, Wash. Legislators Agree on Workers’ Comp Reform

Washington Gov. Chris Gregoire, Senate Majority Leader Lisa Brown, House Speaker Frank Chopp, Senate Minority Leader Mike Hewitt and House Minority Leader Richard DeBolt announced the Legislature finally has come to an agreement on workers’ compensation in the special legislative …

White Mountains’ Sirius to Launch Lloyd’s Syndicate

White Mountains Re Ltd. reports that its Sirius International Insurance Corp. affiliate has received approval in principle from the Lloyd’s Franchise Board to establish Lloyd’s Syndicate 1945. Syndicate 1945 will be managed by Whittington Capital Management Limited, a Lloyd’s registered …

Texas Senate Votes to Keep Texas Insurance Department

The Texas Senate has voted to renew the state Department of Insurance and give it stronger enforcement penalties when companies lose challenges to their rates. Lawmakers are considering competing bills to extend the life of the agency that regulates the …

Montana State Fund Cuts Rates 20%

The board of Montana State Fund, the state’s largest workers’ compensation insurer, cut its rates by 20 percent, in a move that some hope will help the business community and encourage more job creation and higher wages. The 7-0 vote …

As Water Inches Closer, an Agonizing Wait in Louisiana

The final wave of holdouts has mostly packed up and left this Louisiana town as water from the swollen Atchafalaya River has inched toward their homes, with their frustration and hope painted on signs posted outside. “Nothing left worth stealing,” …