Alabama News

Ala. Weighs Extending State’s Liability Coverage to Teachers

Several Alabama teachers testified in support of Gov. Bob Riley’s “Teacher Protection Act” this week when a Senate committee held a public hearing on the bill. The Teacher Protection Act would provide teachers with professional liability insurance. This insurance would …

RiskMeter Adds New Storm Surge Report to Online Hazard Lookup

CDS Business Mapping, LLC, which develops online hazard mapping, has added a new storm surge report to its RiskMeter Online real-time, natural hazard risk report service. The RiskMeter is used by underwriters and agents to automate property lookups. It performs …

Workers’ Comp CEO Alleges Alabama Officials Wrecked His Business

A former campaign supporter of Alabamam Governor Bob Riley is suing him and other present and former state officials, accusing them of conspiring to drive him out of the insurance business. John W. Goff of Montgomery filed the suit last …

‘Near Term’ Hurricane Models Used by Insurers Under Fire

Recent “near term” hurricane prediction models based on five-year forecasts are being skewered by consumer groups urging state regulators to reject them as a basis for hiking coastal property insurance rates. The Consumer Federation of America and the Center for …

Some Worry Increased Fines Won’t Make Mines Safer

A new federal rule allowing increased penalties for mine safety violations could be meaningless if inspectors feel they cannot impose them, skeptics say. The changes, which take effect in late April, were required by the federal Mine Improvement and New …

My New Markets

Community Banks Nuts & Bolts: Progressive Casualty Insurance Co. has added a new coverage to its American Bankers Association-sponsored Financial Institution Program. The new coverage, Privacy Liability and Mitigation Expense, is designed to address banks’ liability arising from unauthorized access …

My New Markets

Social Service Organizations Nuts & Bolts: Riverport Insurance Co. provides property, general liability, professional liability, automobile, crime, and excess liability coverages for social service and nonprofit organizations with flexible premium payment plans. Riverport is a Berkley company. Limits vary. Carrier: …

The new world of Internet job applications affects employer’s liability

Last year Monster.com had 22.5 million people post resumes on its Web site. Lockheed Martin claims that 50,000 applicants a month post resumes on its Web site. Microsoft boasts that 80,000 individuals place resumes on its site each month. By …

Agent, Councilman Sentenced to Probation in Ala. Corruption Probe

Orange Beach City Councilman Joseph McCarron was fined $1,000 and sentenced to six months of unsupervised probation for his conviction in a corruption case. McCarron, 69, who appeared in Baldwin County court in a wheelchair on March 21 due to …

News Currents

R.I., Mass. safest while Wyo., Ark. deadliest states for truck crashes Wyoming and Arkansas are the deadliest states for truck crashes, according to a safety group that has called for tougher federal regulation to reduce fatalities hovering above 100 a …