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New Requirements Drive Need for Surety Bonds in Texas and Arkansas

At least four new surety bonds have hit the market in Texas and Arkansas in the last six months, part of a wave of new bonding requirements nationwide. Brokers in both states are working to stay on top of the …

Morman Joins Hylant Group as Vice President of Carrier Relations

Terry Morman has joined Ohio-based insurance brokerage Hylant Group as vice president of Carrier Relations. In this role he will be responsible for developing and managing strategic relationships with carrier partners and wholesalers for all of Hylant Group’s locations. He …

Charges Against Arrested Kentucky Mayor Include Insurance Fraud

The mayor of Mount Vernon, Kentucy was arrested after a grand jury indicted her on charges of abuse of public trust, bribery of a public servant, insurance fraud and official misconduct. Clarice Kirby has been under investigation by state police …

Agent Agrees to Plead Guilty in Nude Videotaping Case

ESPN reporter Erin Andrews and the man accused of secretly making nude videos of her will come face-to-face next week in a Los Angeles courtroom when the Illinois insurance executive enters an expected guilty plea. “This entire process has been …

UN Reports Natural Disasters at Decade Low in 2009

The world this year suffered the fewest number of natural disasters in a decade, but floods, droughts and other extreme weather continued to account for most of the deaths and economic losses, according to a United Nations report released on …

California’s Insurance Executive Bannister Dies

Wesley Mastin Bannister, 73,of Huntington Beach, Calif., has died. Bannister competitively ran for California Insurance Commissioner in 1990, 1994 and again in 2002. From 1986 to 1990, he served on the City Council and Mayor of Huntington Beach. He started …

U.N. Copenhagen Climate Change Talks to Resume after African Protest

African nations agreed to resume U.N. climate talks in Copenhagen on Monday after a half-day suspension, accusing rich countries of trying to kill the existing Kyoto Protocol. “We’re going back,” Pa Ousman Jarju from the delegation of Gambia, told Reuters …

WTO Members Narrow Gaps on Standards in Doha Round Advance

Trading powers have made significant progress this week narrowing their differences on non-tariff barriers — the health or safety standards that can be abused to block imports, a senior diplomat said on Thursday. The movement is a rare sign of …

A.M. Best Assigns ‘A-‘ Rating to Texas-based Advocate, MD Insurance

A.M. Best Co. has assigned a financial strength rating of “A-” (Excellent) and an issuer credit rating of “a-” to Austin, Texas-based medical professional liability insurer Advocate, MD Insurance of the Southwest Inc. The outlook assigned to both ratings is …

NOAA Forecasts El Nino to Last into Spring 2010

The U.S. Climate Prediction Center, service of the National Oceanic and Atmospheric Administration (http://www.noaa.gov), said Thursday the El Nino weather anomaly should continue at least into the Northern Hemisphere’s spring 2010, influencing global weather trends over the next several months. …

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