Monthly Archives: <span>August 2017</span>

AIG Revives Lucrative Top Executive Pay Packages of Pre-Bailout Glory Days

American International Group Inc.’s new Chief Executive Brian Duperreault has pledged to revive the insurer’s glory days of top talent, underwriting discipline and fat profit margins. One thing he has already brought back: big pay packages. As he rejoined AIG …

Tornado in Florida Causes Damage to Several Buildings

A tornado damaged buildings and cars and toppled trees in Florida but no one was hurt. The Bradenton Herald reports that the tornado struck Saturday night in Manatee County with winds of 70 mph (112 kph). The newspaper says several …

Barbour to Take Over as CEO of Independent Insurance Agents of Georgia

Independent Insurance Agents of Georgia (IIAG) announced that John Barbour, currently vice president of Governmental Affairs, will serve as its new chief executive officer. Barbour will lead the association beginning Sept. 1, 2017. Barbour joined Big “I” Georgia in August …

Key House Chairman Wants Flood Insurance Reforms, Not Just Renewal

A key Republican said Hurricane Harvey will spur Congress to reach a deal to fund the nation’s flood insurance program before it expires next month, even though divisions persist over how much the federal government should be on the hook …

Trump to Send Congress ‘Very Expensive’ Disaster Aid Request for Harvey Victims

U.S. lawmakers are expected to pass a large aid package for victims of Hurricane Harvey, but specifics of the plan and its price tag are unclear as Congress awaits a funding request from the Trump administration. Rain continued to pound …

CNA, Aon Affinity to Offer Malpractice Program for Dental Practices

CNA and Aon Affinity, the affinity business of Aon plc, have partnered to offer dental firms nationwide malpractice coverage to meet the evolving needs of dental practices. The coverage combines the experience of both firms in the dental malpractice insurance …

NCCI Files 10% Reduction in Workers’ Comp Loss Costs for West Virginia

West Virginia employers will see a projected $21 million reduction in workers’ compensation premiums in the coming year, according to a recent statement from Gov. Jim Justice. The National Council on Compensation Insurance (NCCI) has filed a proposed reduction of …

No Evacuation for Louisiana Parish in Harvey’s Path

Dick Gremillion has watched Houston officials come under fire for deciding not to order an evacuation ahead of the epic flooding that has left hundreds of people in the country’s fourth-largest city trapped in their homes. But as the Louisiana …

Harvey Inflicts Even More Death and Destruction as Flood Waters Keep Rising

Flood waters from Tropical Storm Harvey, which has already killed at least seven people in Texas and was expected to drive tens of thousands from their homes, are likely to rise, officials warned on Monday, as heavy rain continued to …

CoreLogic: 52% of Houston Moderate, High Risk Properties Not in Flood Zone

Irvine, Calif.-based CoreLogic has conducted an analysis for the flooding occurring as a result of Hurricane Harvey. This analysis shows that 52 percent of residential and commercial properties in the Houston metro are at “High” or “Moderate” risk of flooding, …