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Oklahoma Insurance Commissioner Offers Recovery Tips After Severe Storms

Oklahoma Insurance Commissioner Gled Mulready offered recovery tips following the severe storms that hit Tulsa over Father’s Day weekend, causing extensive damage, including fallen trees and widespread power outages. The storm has been far-reaching, leading to heat advisories, limited access …

Court: Tulsa Can’t Give a Choctaw Man Ticket Because City is on Reservation Land

OKLAHOMA CITY (AP) – Tulsa lacks the jurisdiction to prosecute a Native American man cited by police for speeding because the city is located within the boundaries of an Indian reservation, a federal appeals court ruled. The 10th U.S. Circuit …

People Moves: Harter joins Iroquois in Ohio; Donaldson Named Account Administrator at RT Specialty

Harter joins Iroquois in Ohio Andy Harter joined Iroquois Mid-Atlantic, headquartered in Midlothian, Va., as regional manager, servicing agents in Ohio. Harter most recently served as a marketing rep for Grange Insurance from his home in Gahanna, Ohio. Harter most …

Train Derails Outside Rural Wisconsin Village, Authorities Say No Hazardous Materials Leaked

REESEVILLE, Wis. (AP) __ Investigators are looking into what caused a freight train to derail outside a small village in south-central Wisconsin. The train derailed just west of the village of Reeseville in Dodge County around 2 p.m. Tuesday. the …

Chicago Flooding a Reminder of Vulnerability of Major Cities During Extreme Weather

Heavy rains that flooded Chicago neighborhoods, rendered freeways impassable and wreaked havoc on NASCAR street races downtown Sunday are serving as stark reminders of urban centers’ vulnerability during extreme weather events. After a historic deluge in April in Fort Lauderdale, …

Viewpoint: What Role Could Insurance Premium Finance Have Played in Recent Bank Failures?

On March 10, while most Americans were diligently toiling away in their jobs, very few people likely understood the silently ticking time-bomb sitting inside the balance sheets of many of our bank-brethren in our important banking industry. Few would have …

A.J. Gallagher Acquires The Andersen Group in Virginia

Global insurance broker Arthur J. Gallagher & Co. announced it has acquired Chantilly, Virginia-based The Andersen Group. The Andersen Group is a retail insurance agency serving non-profit trade associations, government contractors and engineering services companies in the greater Washington, D.C. …

AM Best Issues Improved Outlooks for Barnstable Group in Massachusetts

AM Best has revised its outlooks to stable from negative and affirmed its Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of “a” (Excellent) for the members of Barnstable Group, which includes Barnstable County Mutual Insurance Co. …

Georgia Trial Lawyer Surrenders License After Using Insurance Settlement Proceeds

The Georgia Supreme Court has accepted the voluntary license surrender of a plaintiffs’ attorney who had been in practice for more than 45 years. Richard L. Middleton Jr., of Savannah, acknowledged that he had violated Georgia Bar rules by using …

Appetite for Cat Exposures Returns; Reinsurers Stay Disciplined in Mid-Year Renewals

Capacity was more readily available during the mid-year renewals, which brokers described as “orderly,” in comparison to the turbulent January renewals. At the same time, prices saw some moderating trends while reinsurers continued to maintain underwriting discipline, according to reports …

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