Alabama News

NAIC Concludes Agreement with Egyptian Insurance Regulators

The National Association of Insurance Commissioners (NAIC) has signed a memorandum of understanding (MOU) with the Egyptian Insurance Supervisory Authority (EISA). NAIC President and Alabama Insurance Commissioner Walter Bell participated in the formal signing with EISA Chairman Adel Mounir during …

States Support Life Insurance Law Caught Up in N.D. Conflict

N.H. commissioner weighs in on North Dakota insurance legislation Received by Newsfinder from AP Oct 16, 2007 19:34 Eastern Time Editors Note NH angle in 4th graf. By DALE WETZEL Associated Press Writer BISMARCK, N.D. (AP) _ A national insurance …

Senate Panel Releases Compromise Terrorism Insurance Bill

Senate leaders have agreed on a bill to renew the federal terrorism reinsurance program, although without some of the added provisions and for not as long as the House of Representatives wants. The Senate Banking Committee, chaired by Sen. Chris …

Ga. Company Recalls Meat from Restaurants in N.C., 3 Other States

A meat company in Forest Park, Ga., is recalling 1,900 pounds of ground beef sent to restaurants in Georgia, North Carolina, and two other states, saying it may be contaminated with E. coli. Arko Veal Company officials say the company …

FEMA Expands Program to Help Hurricane Evacuees Move Home

The Federal Emergency Management Agency has expanded eligibility for a program to pay travel costs for Gulf Coast hurricane victims moving back home. The one-time grant, still capped at $4,000, is now open to applicants who returned home any time …

Woman Convicted of Stealing Identities of Nearly 500 Alabamians

A woman who worked for the company that processes Alabama Medicaid claims on pleaded guilty to charges of stealing the identities of nearly 500 Alabamians, Attorney General Troy King said. Kwantrice Thornton, 24, was charged with stealing the information from …

News Currents

Proponents push plans for natural catastrophe insurance solutions Federal backstop proposals aired at NAIC public hearing in Alabama The need for solutions to address insurance costs and availability in natural catastrophe-vulnerable U.S. coastal regions — including a federal safety net …

Texas leads the way in decreasing the number of railroad accidents

Texas experienced 49 fewer railroad accidents — the largest decrease of any state — in the first half of 2007 than it did during the same period in 2006. The decrease was part of a trend of continuing railroad safety …

My New Markets

Workers’ Comp, Security, Investigative Agencies Nuts & Bolts: A guaranteed cost workers’ compensation program for security guard and investigative agencies is available from The Mechanic Group. Dollars: Up to $1 million. Carrier: The Hartford rated “A+” XV by A.M. Best. …

My New Markets

Trade and Professional Associations Nuts & Bolts: Aon Association offers coverage to 56,000 nonprofit organizations and their members throughout the U. S. Clients range in size and needs from an Elks Lodge seeking general liability coverage to a long-term care …