Arkansas News

Arkansas Law Raises Personal Watercraft Minimum Operator Age to 16

An accident on Lake Hamilton two years ago led to a new Arkansas law that takes effect this week, setting the minimum age of 16 for a solo operator of a personal watercraft. The new law is known as Rachel’s …

Oregonians May Qualify For Nationwide Insurance Settlement

More than 9,000 Oregonians may be eligible for payments as a result of a class-action settlement between Nationwide Mutual Insurance Co. and affiliated companies and homeowner policyholders who claimed they were underpaid on structural damage claims since 1996, the Oregon …

Business Moves

TWFG General Agency, Universal North America, Lincoln General The Woodlands, Texas-based TWFG General Agency has entered into an agreement with Universal North America Insurance Co. to offer renewal policies to Lincoln General Insurance Co.’s Texas policyholders. Lincoln General’s current in-force …

2009 Outstanding CSR State Award Winners Named

The National Alliance for Insurance Education & Research has named the state award winners who will compete for the national Outstanding Customer Service Representative of the Year for 2009. Each year, a group of exceptional insurance professionals are chosen by …

Central Oversight of Levees Needed in Arkansas

Arkansas is putting its residents and economy at risk by failing to adopt a centralized system for flood-levee oversight, the state’s lawmakers have been told. Representatives from the Arkansas Natural Resources Commission told members of the Legislative Joint Audit Committee …

Farmers Insurance Offers Green Homeowners Product in Texas

Los Angeles-based The Farmers Insurance Group of Companies is offering a new eco-friendly product for its Texas customers wishing to ‘go green”. Called “Eco-Rebuild”, the new endorsement will supplement the comapany’s homeowners insurance by allowing customers to replace destroyed property …

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. Fire & Water Restoration Contractors Market Detail: USAssure Insurance Services Inc. offers a fire and …

Economist: Midwest Economy Improves

A survey of business leaders in nine Midwestern and Plains states suggests that the region’s economy continues to show signs of improvement, but job losses persist. The Mid-America Business Conditions index released July 1 rose to its highest level since …

Ratings Roundup: CastlePoint, Doctors, Meadowbrook

A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” to CastlePoint Florida Insurance Company with stable outlooks. “CFIC is a newly formed insurance company that received a certificate of authority from …

Houston Agency Names Persha Dir. of Environmental Risk Management

Houston-based insurance agency Bowen, Miclette & Britt has named Dan Persha as director of Environmental Risk Management. With 30 years of commercial insurance brokerage experience, Persha specializes in heavy casualty, energy and environmental services placements. Paul Cerone, chief operating officer …