Monthly Archives: <span>August 2015</span>

Texas Seeks Comment on Rules for Changes to Windstorm Insurer

The Texas Department of Insurance is seeking public comment on drafts of rules for implementing legislation that alters funding mechanisms for the state’s property insurer of last resort for wind and hail along the Texas coast. TDI has posted on …

Midwest Headed for Economic Slowdown, July Survey Suggests

Slumping numbers in a July survey suggest there will be slow to no economic growth over the next three to six months in nine Midwest and Plains states, according to a report issued Aug. 3. The overall Mid-America Business Conditions …

Va.’s Roanoke Valley Considers Insurer-Funded Collision Reporting Center

Police in four Roanoke Valley localities in Virginia have proposed adopting a Canadian method of reporting car crashes that reduces police involvement. The Roanoke Times reports that if the governments of Roanoke, Salem, Roanoke County and Vinton approve the one-year …

TUMI Launches Dump Truck Insurance Program

Trinity Underwriting Managers, Inc. (TUMI), a Georgia-based program administrator, has established a relationship with an ‘A’ rated carrier as well as an ‘A++’ rated reinsurer to underwrite insurance for dump truck operators and other aggregate haulers. Coverages include auto liability, …

Hub International Acquires BW Insurance Agency

Hub International Limited (Hub), a global insurance brokerage based in Chicago, has acquired BW Insurance Agency Inc. (BWIA) a wholly-owned subsidiary of Bank of the West. BWIA is a multi-line property and casualty, personal and employee benefits insurance brokerage. Terms …

GEICO Expands Ridesharing Coverage to Pennsylvania

After launching a new ridesharing product in Georgia, Virginia, Maryland and Texas earlier this year, GEICO is now expanding its ridesharing offering to drivers in Pennsylvania. New and existing drivers that have been approved to drive for Uber (UberX and …

Golf Carts on Roads Increasingly Common in Southern Illinois Cities

A mode of transportation that took hold in retirement communities is becoming increasingly acceptable in some small southern Illinois cities. The (Carbondale) Southern Illinoisan reports that the Benton City Council will consider a proposal to allow golf carts on city …

Hundreds of Entities Seek Share of Ohio Rock Salt Settlement

Hundreds of local governments and other public entities are seeking a share of Ohio’s $11.5 million settlement with two rock salt producers that were accused of conspiring to drive up prices. The state alleged that Morton Salt Inc. and Cargill …

Louisiana Citizens Insurance Rebate Being Lowered

Everyone in Louisiana who buys property insurance will lose 28 percent of a tax credit they can get for covering the debt of the state’s property insurer of last resort. In addition, the reduction is retroactive, meaning those who failed …

Texas Professional Insurance Agents Partners with EFG Cos.

With the aim of helping member agents boost their revenues, Texas Professional Insurance Agents (PIA) is partnering with EFG Cos. to offer ancillary consumer protection products. Texas PIA selected the Simplicity Division of EFG Cos. to provide members with three …