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

Lockton Names Nichinson, Johnson VPs in San Francisco

Lockton has named Laurel H. Nichinson as a vice president and unit manager in the firm’s Commercial Insurance division, and Robert L. Johnson Jr. as a vice president and producer in the firm’s Commercial Insurance division. Both will work out …

Flags Flown at Half-Staff in Louisiana to Honor Slain Insurance Investigators

American and Louisiana flags flew at half-staff outside Louisiana government buildings on June 9 and 10 in a show of respect for two state insurance fraud investigators who were shot to death on June 7. Gov. Bobby Jindal ordered the …

Keystone Insurers Group Welcomes Indiana’s McGowan Insurance

McGowan Insurance Group Inc. of Indianapolis has become Keystone Insurers Group’s 27th franchise partner in Indiana, the companies announced. Led by Hugh M. McGowan, the McGowan Insurance has roots dating back to the Great Depression. The agency offers full-service insurance …

South Carolina Supreme Court Upholds Two-Tier Damages Cap

South Carolina’s two-tier statutory cap on damages is constitutional, the state Supreme Court has ruled. In the same ruling, however, the court found that two separate governmental entities’ negligent acts, which resulted in severe injuries to the plaintiffs, constituted two …

Louisiana Gov. Keeps Group Benefits Privatization Report Secret

Louisiana Gov. Bobby Jindal’s administration handed over to senators a report involving efforts to privatize a state worker health insurance program, but has asked them to keep the document secret. Jindal’s Division of Administration refused to provide the report to …

FEMA Awards $1.2M Tsunami Grant to Oregon County

The Federal Emergency Management Agency has announced a disaster relief grant of nearly $1.2 million to Oregon’s Curry County to help repair and replace public infrastructure damaged by the tsunami waves from the Japanese earthquake. Gov. John Kitzhaber sought federal …

Rio Grande Valley Insurance Broker Sentenced to Prison

A 47-year-old Harlingen man was sentenced to more than three years in federal prison for a scheme to defraud a Rio Grande Valley hospital of more than $3.8 million by selling it nonexistent and altered insurance policies. Judge Keith P. …

SIAA Adds 33 Members in May; 4 Are South Central Agencies

New Hampshire-based Strategic Insurance Agency Alliance (SIAA) announced it signed 33 new members in May. Of these, 24 are liberated “captive agents” new to the independent agency system – bringing new premium dollars and new people into the system. Four …

Commercial Insurance Prices Still Flat But Workers’ Comp Moving Up

Commercial insurance prices were relatively flat for the ninth consecutive quarter, and new data confirm the deterioration of loss ratios in accident-year 2010. Price reductions continued for commercial property and management liability lines, according to global professional services company Towers …

Insurers Meet in Canada on United Nations Sustainability Principles

Canada is this week hosting the third of seven United Nations conferences to develop a set of sustainability principles for the insurance industry. Insurance industry CEOs and other senior executives from Bermuda, Canada and the United States are attending the …