Monthly Archives: <span>August 2016</span>

Starr Companies Opens Nashville Office, Hires Ponder as Branch Manager

Starr Companies has added Michael Ponder as the branch manager for its newly-opened Nashville office. He will be responsible for strategic growth, financial performance as well as broker and client relationships within Tennessee. Ponder joins Starr with more than 14 …

Metal Theft Remains an Expensive Problem for Insurance Industry

Metal theft became a growing concern post financial crisis due to rising global demand for scrap metal, and although economic conditions have slowed demand recently, this expensive crime is still causing headaches for the insurance industry. “[Metal theft] is a …

Outlooks for Wisconsin Mutual Insurance Revised to Positive: A.M. Best

A.M. Besthas revised the outlooks to positive from stable and affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Wisconsin Mutual Insurance Co. (WMIC) in Madison, Wis. The revised outlooks reflect WMIC’s trend …

Caltrans Settles Lawsuit over Construction Site Death

The California Department of Transportation has settled a wrongful death lawsuit brought by the parents of a 24-year-old woman who was killed by a drunk driver while working on a nighttime paving project. Attorneys for both sides told the Fresno …

Is TWIA’s Progress to Rate Adequacy over?

It’s no secret that the Texas Windstorm Insurance Association (TWIA) has a funding problem. Rates for coastal windstorm insurance offered by the state-created agency long have been well below the actuarially sound levels necessary for TWIA to meet its financial …

Mobile Homes, not Travel Trailers, Headed to Louisiana after Deadly Flooding

Mobile homes will fill front yards across southern Louisiana again, just like after Hurricane Katrina, as federal authorities bring in temporary housing for thousands of people displaced by catastrophic flooding. These houses, though, will be on blocks and strapped down …

Sex Toys in Hand, Univ. of Texas Students Rally Against Campus Carry Gun Law

Hundreds of University of Texas students waved sex toys at a campus rally during the first day of classes, protesting a new state law that allows concealed handguns in college classrooms, buildings and dorms. Organizers said the sex toys were …

At Least 12 Tornadoes in Indiana, Ohio Damage Homes, Businesses

A wave of severe storms produced at least a dozen tornadoes in Indiana and Ohio earlier this week, damaging homes and businesses but causing no serious injuries, authorities said as crews worked to restore power and remove fallen trees. The …

Illinois, Missouri Handle Problem of Uninsured Drivers Differently

Dan McMullen is an insurance agent in Ferguson, Mo. His Solo Insurance office is on West Florissant Avenue, the epicenter of the trouble two years ago. The building next to his office burned into ruins. There aren’t many millionaires among …

IIAD’s Land Named InVEST Volunteer of the Year

The InVEST Program has named Tammy Land, executive director of the Independent Insurance Agents of Dallas (IIAD) with the Dach Award. The Dach Award honors an insurance industry volunteer who has made tremendous contribution in fostering the growth and development …