Alabama News

BB&T Insurance to Acquire Fla. Agency Wyman, Green & Blalcok

BB&T Insurance Services plans to expand its Florida operation with the acquisition of Wyman, Green & Blalock Inc. of Bradenton. Founded in 1908, Wyman, Green & Blalock specializes in personal and commercial property insurance, liability risk management and employee benefits. …

Barner Named Operations VP at Gramercy

Gramercy Insurance Co. reported that Antonio R. Barner has been named vice president of operations. The Texas domestic insurance company’s executive offices are located in Atlanta. Barner was selected to lead Gramercy’s operations as director in 2001. Prior to joining …

New Markets

Terrorism Insurance Nuts & Bolts: Hiscox USA, U.S. subsidiary of Hiscox plc, now provides terrorism insurance in the U.S., from the U.S. The coverage is being offered to brokers through Hiscox USA’s Armonk, N.Y. headquarters. Dollars: Up to $50 million. …

Figures

18.4% The workers’ compensation loss costs increase approved for businesses in South Carolina effective Dec. 1, 2006. An administrative judge reduced the 33 percent increase recommended by the National Council on Compensation Insurance. 43% The top percentage rate reduction available …

Alabama coastal property owners face more insurer restrictions

Two of the Alabama’s largest insurance firms said they’re reducing coverage and increasing deductibles in Mobile and Baldwin counties, citing frequent hurricanes, coastal construction growth, lack of strong building codes and the cost of reinsurance. The insurers, State Farm Fire …

New Markets

Terrorism Insurance Nuts & Bolts: Hiscox USA is now providing terrorism insurance in the U.S., from the U.S. The coverage is being offered to brokers through Hiscox USA’s Armonk, New York headquarters. Hiscox USA, a new operation for European specialist …

New Markets

Corporate Identity Theft Nuts & Bolts: National Union Fire Insurance Company of Pittsburgh, Pa., a member of American International Group Inc., released AIG Corporate Identity Protection, a new insurance policy designed to protect small and mid-sized companies from financial exposures …

New Markets

Terrorism Insurance Nuts & Bolts: Hiscox USA is now providing terrorism insurance in the U.S., from the U.S. The coverage is being offered to brokers through Hiscox USA’s Armonk, New York headquarters. Hiscox USA, a new operation for European specialist …

Alabama coastal property owners face more insurer restrictions

Two of the Alabama’s largest insurance firms said they’re reducing coverage and increasing deductibles in Mobile and Baldwin counties, citing frequent hurricanes, coastal construction growth, lack of strong building codes and the cost of reinsurance. The insurers, State Farm Fire …

It Figures

18.4% The workers’ compensation loss costs increase approved for businesses in South Carolina effective Dec. 1, 2006. An administrative judge reduced the 33 percent increase recommended by the National Council on Compensation Insurance. 43% The top percentage rate reduction available …