Monthly Archives: <span>April 2014</span>

Ironshore Personal Lines Launches Primary Flood Coverage for High Value Homes

Ironshore’s Personal Lines unit has expanded property coverage protection for high net worth homeowners. Ironshore will offer a primary flood option as part of its homeowners insurance for properties valued at $1 million or more in selected states nationwide. By …

Cohen Joins SSA Insurance Services in Louisiana

Excess and surplus insurance broker and managing general agent, SSA Insurance Services, has added Madelyn Cohen to its executive team in Louisiana. Cohen’s responsibilities at SSA will include acquiring and developing new markets, commercial and personal line placements, recruiting new …

Florida Lawyer Sentenced to 10 Years for Insurance Fraud

A South Florida attorney has been sentenced to 10 years in federal prison for his involvement in an $800 million death benefits insurance fraud scheme. U.S. District Judge Robert Scola imposed the sentence Tuesday on Anthony Livoti Jr., who was …

Louisiana Sinkhole Expands Again

The sinkhole near Bayou Corne in Louisiana sucked down another patch of earth as Texas Brine Co. released pressure again from its failed salt dome cavern near the 29-acre swampland sinkhole in Assumption Parish. Officials say the edge collapse, or …

In Maine, 3,300 Policyholders Likely to See Flood Insurance Rate Increases

Thousands of Maine homeowners and businesses could see their rates for flood insurance rise as the federal government attempts to put the troubled National Flood Insurance Program back on sound financial footing. Most of the communities with the largest number …

Company that Owned Stage Fined $50K for Indiana State Fair Collapse

The company that owned the stage involved in the deadly 2011 Indiana State Fair rigging collapse has agreed to pay a $50,000 fine for safety violations. The Indiana Department of Labor says Mid-America Sound Corp. of Greenfield also has agreed …

N.H. to Consider Banning Use of Hand-Held Cellphones While Driving

A New Hampshire Senate panel is holding a hearing this week on a measure to ban the use of hand-held cellphones while driving. The House-passed bill also bans all cellphone use by minors behind the wheel. The bill doesn’t apply …

Smith Named Director of Arkansas Insurance Exchange

The former director of Utah’s health insurance exchange has been named director of a group that is exploring whether to create a state-run exchange in Arkansas. Cheryl Smith will begin work next month for the Arkansas Health Insurance Marketplace. Arkansas …

NYC Sandy Victims Frustrated at Delays in City’s Home Rebuilding Program

A year and a half after Superstorm Sandy decimated New York City’s coastline, a city-run program that was supposed to rebuild wrecked homes has only begun construction on three houses, and officials say they will need another $1 billion from …

Aflac Claims Workers’ Compensation Claims Drop for Firms Offering Accident, Disability Insurance

A high percentage — 42 percent on average — of all companies providing access to voluntary accident and disability insurance report declines in their workers’ compensation claims, according to the results of an online survey released by Aflac, a leading …