People
Pete G. McPartland has been named chief executive officer at Sentry Insurance, a Mutual Company in Stevens Point, Wis. Dale R. Schuh, who previously held the title, will continue to serve as chairman of the board of Sentry, with McPartland …
Commercial Lines Prices Up for 4th Straight Quarter: Survey
Commercial insurance prices increased an aggregate 3 percent during the fourth quarter of 2011, the fourth consecutive quarter during which prices for all standard commercial lines rose. Additionally, earned price increases are beginning to offset portions of reported claim cost …
North Carolina Settles Irene Claim Disputes
North Carolina regulators have recovered over $400,000 for policyholders stemming from claims filed in the aftermath of Hurricane Irene. Insurance Commissioner Wayne Goodwin released a memorandum summarizing the state’s response to Hurricane Irene. Irene swept through parts of the state …
2012 Hot Markets: Green Building, Retrofits Offer Growing Opportunity
This article is part of our Hot Insurance Markets for 2012 special feature. Green homes accounted for 17 percent of the overall residential construction market in 2011. And the trend of going green isn’t expected to stop. By 2016, green …
Vermont Communities Pour Out Stories of Irene
Five months after the remnants of Hurricane Irene inundated Vermont, people are recording their memories of what happened. In Waterbury, residents published “When the River Rose,” a part community memoir and part recovery fundraising tool. In Bethel, a group of …
Agents Say Some Are Gaming System, Overselling Citizens’ Policies
Independent agents in Florida are calling on the state-run property insurer Citizens Property Insurance Corp. to staunch the flow of policies from agents employed by direct writers. The independent agents, who represent more than one insurance company, say agents who …
Declarations
Dishonesty Disallowed “Dishonest practices and financial irresponsibility have no part in the Kansas insurance industry.” —Kansas Commissioner of Insurance Sandy Praeger comments on the sentencing of former Pittsburg, Kan., insurance agent Kregg Muninger. He was sentenced to 32 months’ incarceration …
U.S. Treasury Selling Off $6B in AIG Stock
The U.S. Treasury Department is selling $6 billion worth of American International Group stock and struck another deal for the insurer to pay down $8.5 billion more in obligations, taking a major step forward in an election year to unwind …
Say Something Nice About Florida Insurance
Even though there are many problems to be resolved, at least they are out in the open and are being discussed, not buried in some political jargon and dismissed. If we could just get the PACs out of the way… …
Mississippi Trial Date Set in Decade-Old Frankel Case
More than a decade after it was filed, a federal judge in Mississippi has set a tentative trial date in a lawsuit stemming from scams run by a notorious financier who looted $200 million from insurance companies and created a …
