News

ACE UK Appoints Shaw President ACE Global Markets; Underwriter Syndicate 2488

ACE UK announced the appointment of Matthew Shaw as President, ACE Global Markets (AGM) and Active Underwriter for Lloyd’s Syndicate 2488. In addition, subject to Lloyd’s and FSA approval, he will become a member of the Board for both ACE …

Georgia Couples Who Own Land in Florida Sue BP

Two Atlanta couples are suing BP PLC for damages as a result of the Gulf oil spill. The class-action lawsuit, filed in the U.S. District Court of Northern Georgia, seeks compensation for loss of income, property value and enjoyment by …

Washington Workers’ Comp Initiative Qualifies for Ballot

An initiative to eliminate Washington’s workers’ compensation insurance monopoly and allow private insurers to offer coverage for workplace injuries has qualified for the November ballot. Secretary of State Sam Reed certified Initiative 1082 after workers checked a random sample of …

Mississippi Demands City Repay Misspent Fire Insurance Funds

Former Sledge Mayor Bernard Handy, former City Clerk Mary Allen and current City Clerk Yvonne Amos have been issued demand letters for the repayment of illegally spent Fire Insurance Rebate Program funds. Auditor Stacey Pickering and Insurance Commissioner Mike Chaney …

Birmingham Bans Texting While Driving

Birmingham has banned texting while driving. The Birmingham City Council voted unanimously to set a $100 fine for drivers caught texting. Councilman Johnathan Austin, chairman of the council’s public safety committee, compared the rule to a seat belt law. He …

Reinsurance Tax Debate over HR 3424 Heats Up at Committee Hearing

Both sides presented their views at a hearing of the House Ways and Means Committee on Wednesday, July 14. Compromise over whether or not to disallow deductions for premiums paid to purchase reinsurance from “affiliated companies,” who are located outside …

SCF Arizona’s Smith Honored as Chamber’s ‘Transformational Leader’

The Arizona Chamber of Commerce and Industry has recognized SCF Arizona President and CEO Don Smith for his vision for positive change in public policy by awarding him its Transformational Leader Award for 2010. Under Smith’s 10-year leadership, the 85-year-old …

Insurance Professionals of Central Virginia Elects New Officers

Tina Carroll, a State Farm agent, has been named president of The Insurance Professionals of Central of Virginia for the group’s 2010 to 2011 year. The group’s other newly elected officers are Vice President Sheila Norris, Secretary Macon Bailey, and …

BB&T Insurance Services of California Names DeMore Senior VP

BB&T Insurance Services of California Inc. announced it has named Michael DeMore senior vice president and employee benefits manager of the Irvine, Calif., operation. DeMore has more than 30 years of experience in the employee benefits arena and has a …

Mining Firms Complain Democrats’ Safety Bill Too Harsh

The nation’s top mine safety official urged quick passage this week of a bill that would crack down on mines with safety problems, despite industry complaints that the legislation is too punitive. Mine Safety and Health Administration director Joe Main …

News Archives by Month