Monthly Archives: <span>March 2012</span>

FEMA Begins Survey of Illinois Tornado Damage

The Federal Emergency Management Agency on March 5 began surveying the damage from tornadoes and other severe weather that roiled southern Illinois last week, starting in the small town of Harrisburg, where six people were killed and 100 injured by …

Florida Surplus Lines Take-Out Bill Heading for Defeat

A bill that would allow surplus lines policies to directly assume policies from Florida’s state-run property insurer is all but dead after lawmakers tacked on an amendment that would require policyholders to sign-up for the program. The Florida Senate by …

Lava Flow Destroys Hawaii Neighborhood’s Last Home

Officials say a flow of lava has destroyed the last home in a sparsely populated neighborhood in Hawaii’s Puna district, near Hilo. The Hawaii Tribune-Herald reported the neighborhood’s last resident, Jack Thompson, left his home about an hour before the …

Risk Analysis Firm IHS Completes 3 Acquisitions For A Total Of $45M

Englewood, Colo.–based risk analysis company IHS Inc. has completed three acquisitions for a total of about $45 million. The buyouts include Displaybank, which provides market research and consulting services for the flat-panel display industry. That company is based in Seoul, …

Back-to-Back Quakes Shake San Francisco Bay Area

Two small, back-to-back earthquakes shook San Francisco Bay area residents awake Monday morning but appeared to leave no serious damage or injury. The U.S. Geological Survey reported that a magnitude-2.9 quake struck at 5:33 a.m. about eight miles northeast of …

Ironshore Names McDonough as New England Exec

Eugene F. McDonough has been appointed as New England regional executive and vice president of U.S. operations for Ironshore Inc. McDonough, based in Boston, will be responsible for business development and program oversight in the region representing New England and …

Polak Named Texas Windstorm Insurance Association General Manager

John Polak has been named general manager of the Texas Windstorm Insurance Association (TWIA). Since April 2011, Polak served as interim general manager for the association. Polak has more than 39 years of industry experience, including management positions in financial, …

Nolde Named Chief Underwriting Officer at Founders Insurance

Thomas J. Nolde has joined the Founders Insurance Co. of Des Plaines, Ill., as chief underwriting officer, commercial lines. Nolde’s responsibilities include managing the commercial lines underwriting team, as well as broadening Founders’ product base and facilitating entry to non-standard …

Oklahoma’s Donaldson Named Risk Management Professional of Year

Kristina Donaldson, commercial insurance account manager with Messer-Bowers Company, Enid, Okla., recently was named Risk Management Professional of the Year at the Region VI Conference of the International Association of Insurance Professionals (IAIP). The Risk Management Professional of the Year …

Louisiana Commissioner Warns Agents of Possible Insurance Scam

Agents in Louisiana should be aware of a potential insurance scam related to habitation risks, according to the state’s top insurance regulator. Louisiana Commissioner of Insurance Jim Donelon issued an alert to all licensed insurance producers, warning them of an …