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

Mississippi High Court Declines to Rule on State’s Cap on Non-Economic Damages

The Mississippi Supreme Court says it does not have enough information to decide whether the state’s limit on non-economic damages — as applied to a federal lawsuit — is constitutional. The 5th U.S. Circuit Court of Appeals in New Orleans, …

Bastrop Labor Day Fire: One Year Later

Belinda Williams was preparing to go to bed in her beautiful Texas limestone house embedded in the lost pines of Bastrop when she looked out her window and saw a huge orange glow. She woke her husband and told him …

Disasters Happen

If it’s not one thing it’s another. Drought, wildfires, hurricanes, floods. Whatever happened to the lazy, hazy days of summer? Texas mostly dodged the drought and wildfire bullets this year, but the state suffered enough from both of those hazards …

Michigan Cherry Growers Get New Crop Insurance Options

U.S. Sen. Debbie Stabenow says Michigan’s cherry growers are getting new crop insurance options. The Michigan Democrat is head of the Senate Agriculture, Nutrition and Forestry Committee. According to Stabenow’s office, insurance for sweet cherry growers previously was offered in …

Business Moves – East

USI, TD Insurance USI Insurance Services, a brokerage and financial service firm based in Briarcliff Manor, N.Y., has agreed to acquire TD Insurance Inc., a U.S. subsidiary of TD Bank, N.A. The terms of the deal were not disclosed. USI …

Maine Regulator Highlights New App for Motorists

Maine’s top insurance regulator is highlighting a new mobile app that can help motorists take the guesswork out of auto accidents. Maine Insurance Superintendent Eric Cioppa said last month that a new “WreckCheck” mobile app from the National Association of …

Philadelphia Residents Among Worst Drivers in Nation: Report

Philadelphia drivers have been ranked as the worst among big cities with at least 1 million residents, according to an annual report from Allstate. The eighth annual “Allstate America’s Best Drivers Report” is based on Allstate’s claims data. The report …

AIG Off the Hook for Claims by Madoff Clients Under Home Policies

American International Group Inc. (AIG) does not have to cover insurance claims from two former Bernard Madoff clients who sought compensation for their losses under their homeowner’s policy, a federal appeals court ruled in August 2012. The 2nd U.S. Circuit …

Tapping the High Net Worth Market

How Agents and Carriers Can Find Gold in Personal Lines Independent agents and their companies have over the years been beaten in the personal lines market by direct response carriers and captive agents. But being down so long means there …

Massachusetts Rejects 18.8% WC Rate Hike Proposal

Massachusetts Division of Insurance announced on Aug. 30 that it has rejected a request to raise the state’s workers’ compensation rates by 18.8 percent. Massachusetts regulators’ decision to strike down the request and keep the rates unchanged came after a …