Alabama News

Coastal Insurance Legislation Facing Test in Alabama

Coastal insurance bills face a test in the Alabama Legislature. The House and Senate Banking and Insurance committees met in joint session on Wednesday to take up legislation aimed at providing relief to homeowners along the coast. The meeting was …

Salmonella Recall Could Cost Peanut Producers $1 Billion

The effects of the widespread peanut butter recall could cost rural America’s peanut producers $1 billion in lost production and sales, according to testimony at a House subcommittee hearing. That could be just the beginning, the head of the Georgia …

Mississippi’s Rep. Taylor Renews Push for Federal Wind Insurance Policy

Rep. Gene Taylor, D.-Miss., isn’t letting opposition by major insurance companies keep him from pushing his plan to make wind coverage for properties available through the federal flood insurance program. Taylor’s proposal — the Multiple Peril Insurance Act of 2009– …

10 Things to Know About … Energy, Oil & Gas

The types of risks classified under the energy insurance category range from offshore energy (exploration and production), offshore energy construction, onshore energy (oil refining, gas processing, petrochemical plants and biomass), operational engineering (power stations, including thermal, wind, nuclear and solar), …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Vacant Commercial Property Market Detail: Western Networked Insurance Services has an exclusive program for vacant …

Business Moves

Marsh Marsh & McLennan Companies Inc., the No. 2 global insurance broker, said the 2008 restructuring at Marsh Inc., its flagship insurance brokerage unit, was on track to generate annual savings of $200 million, and it plans further spending cuts …

Business Moves

Marsh Marsh & McLennan Companies Inc., the No. 2 global insurance broker, said the 2008 restructuring at Marsh Inc., its flagship insurance brokerage unit, was on track to generate annual savings of $200 million, and it plans further spending cuts …

People

Jeff Grace has been named president of IMA of Wichita, officials for The IMA Financial Group Inc. announced. Grace joined IMA in 1997 in business development, focusing on the construction practice, and was promoted to sales manager for the Wichita …

Areas with Flood Insurance Policy Sales Potential Include Iowa, Missouri

GAO compared the number of NFIP policies in a given area, as of September 2006, with the total number of county flood declarations from January 1980 to June 2008, cumulative flood claims payments from January 1978 to April 2008, and …

Bankruptcy Won’t Help West Virginia Doctor Avoid Malpractice Payments

A former West Virginia doctor will not be able to use his Chapter 7 bankruptcy filing in Birmingham to block payments in scores of malpractice cases after a federal bankruptcy judge ruled he was hiding assets. The order opens up …