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R-T Specialty Hires Wholesale Veteran Smith to Manage N.Y. Operation

R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group, appointed industry veteran Mark Smith as president and managing director for the firm’s New York operation. Smith is a well-known industry executive in the wholesale segment. He brings to R-T …

Study: Improved Fire Protection Could Mean Insurance Savings for Oklahoma Homeowners

If Oklahoma communities improve fire protection services it could result in major savings on homeowners’ policies for local families, according to presenters at a recent legislative study. “There are some very basic things that communities can do to improve their …

State Auto Financial Estimates Around $60M in Cat Losses in Q3

State Auto Financial Corp. estimates its third quarter 2011 results will include between $60 million and $63 million in pre-tax catastrophe losses, which includes approximately $25 million of prior period development from second quarter 2011 catastrophes. Catastrophic events during the …

Texas Workers’ Comp September Enforcements Include $118K in Fines

Final disciplinary actions taken by the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) for September include $118,000 in fines, the department announced. Final disciplinary orders for September 2011, in alphabetical order, are: Accident Fund Insurance Co. of America …

Drought, Flooding Cause Hard Times for Farmers in Arkansas, Louisiana

In a year when severe drought scorched the Southwest, a hurricane drowned crops in the East, and river flooding swamped farms in the Midwest, one of the worst places to be a farmer may be just west of the Mississippi …

Reduced North Dakota Crop Harvest Expected to Hurt Economy

Reduced yields in some crops will hurt North Dakota’s economy, officials say. The U.S. Agriculture Department has reported that floods, hail, wind and early frost will mean farmers will harvest about half as much from some crops as they did …

Report: Central Ohio Highway Work Means Jobs, Fewer Crashes

The state and local communities would gain about 1,000 jobs and millions in tax dollars with reconstruction of a major highway interchange in central Ohio, according to a report released as officials formally kicked off the project. State transportation officials …

Treasury Seeks Comments on Improving Insurance Regulation

The U.S. Treasury Department’s Federal Insurance Office is seeking public comment for its report on how to improve the country’s insurance regulatory system. The study is mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The study aims …

Myself, the Car: Aggressive Driving Linked to Personality

Those who view their car as an extension of themselves have stronger aggressive driving tendencies, a new study finds. The study “Aggressive Driving: A Consumption Experience,” by a Temple University Fox School of Business professor, is thought to be the …

Arch Names Whiddon to Head Railroad Casualty Business

Arch Insurance Group has appointed Catherine Whiddon, regional vice president, as head of the company’s railroad casualty business unit. She will lead the underwriting of all commercial railroad liability, force account liability, railroad protective liability, scenic excursion liability, railroad general …

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