Arkansas News

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 …

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. …

People and Places

The Insurance Marketing Communications Association named its 2007/2008 slate of directors and officers, with Cora Barran of Farmers Insurance Group continuing as IMCA president for her second year. Barran is director of advertising for Farmers Insurance Group in Los Angeles. …

Class Action Suit Filed Against N.J. Meat Plant, Markets

As government scientists searched for the source of a multistate E. coli outbreak linked to frozen hamburgers, a class-action lawsuit was filed Wednesday against the New Jersey producer of the patties and supermarkets that sold them. The lawsuit seeks unspecified …

Utah Woman Declines $100 after Finding Mouse Head in Green Beans

An Arkansas company is offering $100 to a Utah woman who found a severed mouse head in a can of green beans if she pledges not to take legal action. The letter from Allens Inc. of Siloam Springs, Ark., describes …

Ark. Sets 2008 Workers’ Comp Rates, Disability and Death Benefits

An update to Arkansas Workers’ Compensation Commission Advisory 2000-1 sets the new maximum rates for 2008 for total disability at $522 and permanent partial disability at $392. The new Advisory 2007-1 sets $169,650 as the new threshold at which the …

Alabama Hearing Highlights Catastrophe Plan Options

Whether the nation needs a federal or other governmental program to deal with insurance costs and availability for natural catastrophes in U.S. coastal states was the central question at a public hearing in Mobile, Ala., Monday. Dozens of citizens gathered …

Fla. Insurance Commissioner Supports National Catastrophe Plan

Florida Insurance Commissioner Kevin McCarty touted the need for a comprehensive national plan, and a national catastrophe fund at the National Association of Insurance Commissioners’ (NAIC) Southeast Zone meeting in Mobile, Ala., Monday. Although the focus of the meeting was …

Lombino to lead Encompass Insurance Southern Region

Dan Lombino has been promoted to regional sales director for the Southern Region of Encompass Insurance. Part of the Allstate group of companies, Encompass provides insurance products through a network of independent agencies. Its Southern Region includes Arkansas, Kentucky, Louisiana, …

Correction: An article in the Sept. 3, 2007, issue of Insurance Journal-South Central, “New rules for residential contractors in Ark.,” contained an error. It incorrectly states, “All business owners who opt to exclude themselves must hold a Certificate of Non-Coverage.” …