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

Tri-State Insurance Agents Group Names Officers

The fall marks a new administrative year for Insurance Agents & Brokers Service Group and its partnership of agents’ associations in Delaware, Maryland and Pennsylvania. The following directors have been elevated to leadership positions. Norman Basso from E.K. McConkey & …

Boston-Based Med-Mal Insurer Coverys Appoints Chief Operating Officer

Coverys, a Boston-based medical professional liability insurer, announced that Jack Donehue, former chief financial officer for Coverys (then called ProMutual Group) from 1989 to 2010, has returned to the organization as chief operating officer. In his role as COO, Donehue …

NOAA Opens Center for Weather and Climate Prediction at U. of Maryland

The National Oceanic and Atmospheric Administration is opening its new Center for Weather and Climate Prediction, located at the University of Maryland in College Park.Acting Secretary of Commerce Rebecca Blank, U.S. Senator Barbara Mikulski, NOAA Adminstrator Jane Lubchenco and other …

Louisiana Citizens: More Than 17K Claims from Hurricane Isaac, 85% Settled

Louisiana Citizens Property Insurance Corp. reported it has received 17,059 claims from Hurricane Isaac. Ninety-seven percent of those claims have been inspected by company adjusters and 85 percent have been settled. Loss payments through the second week of October totaled …

Vice Mayor of California Town, an Insurance Broker, Convicted of Embezzlement

The vice mayor of a small Contra Costa County, California, city faces an uncertain future after he was found guilty of felony embezzlement of insurance premiums. Clayton Vice Mayor Joe Medrano is also an insurance broker whose former business partners …

Study: White Construction Workers in Illinois Get Higher Work Comp Settlements

White non-Hispanic construction workers are awarded higher workers’ compensation settlements in Illinois than Hispanic or black construction workers with similar injuries and disabilities, according to researchers at the University of Illinois at Chicago School of Public Health. The disparity amounted …

International Insurance Regulators Convene in Kansas City

The National Association of Insurance Commissioners (NAIC) welcomed 14 regulators from around the world for the Fall 2012 International Fellows Program in Kansas City, Mo. Participants include regulators from China, Grand Cayman Islands, India, Indonesia, Nigeria and Saudi Arabia. The …

Nichols Named President of Surplus Lines Group, NAPSLO

Matthew Nichols has been elected president of the National Association of Professional Surplus Lines Offices Ltd. (NAPSLO) for the 2013 term. Nichols has served on the NAPSLO board since 2005 and has chaired several committees. Currently, he is the president …

South Dakota Officials Urge Residents to Reassess Flood Damage

State emergency officials say that South Dakotans who registered with FEMA in 2011 for damage caused by Missouri River flooding may be eligible for additional assistance if further damage has been discovered. Residents of Hughes, Stanley, Charles Mix, Yankton and …

Orleans Parish Schools Get More Insurance Money for Katrina Damage

Lawyers for the Orleans Parish School Board in Louisiana have garnered another $17 million in insurance proceeds to help cover damage done by Hurricane Katrina and its aftermath. District officials said the money is slated to go toward $2 billion …