Arkansas News

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Colemont Insurance Brokers promoted Matt Carpenter to assistant vice president in the company’s Chicago office. Carpenter joined Colemont in 2002, specializing in brokering casualty lines. His expertise has since expanded to include transportation, products liability, umbrella/excess, contracting-risks and program business. …

People

Jacksonville, Florida-based insurer The Main Street America Group named Joe Meholic president of its Richmond, Virginia region. In his new role as regional president, Meholic will be accountable for the direction, management and performance of the Richmond region, which encompasses …

People

Richard “Dick” Reynolds, former chairman and executive director of the Texas Workers’ Compensation Commission, was presented the Raymond Mauk Leadership Award at the Insurance Council of Texas’ 16th Annual Mid-Year Property and Casualty Symposium on July 17 in Austin. Reynolds …

Agents Weigh Independence, Commissions, Markets When Choosing Agency Networks

Rising Costs, Soft Market Cause Agents to Consider Network Options Maintaining their independence while gaining access to resources and markets are what independent agents consider when deciding whether to join an insurance agency network and which one to join. The …

U.S. P/C Insurers’ Catastrophe Losses for Q2 Double to $6 Billion

Total of 16 Cats Generate More Than 1.2 Million Claims; Average Claim Nearly $5,000 U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6.025 billion for second quarter property losses resulting from a total of 16 catastrophes …

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. Personal Umbrella – Hard-To-Place Clients Market Detail: International Excess Agency Inc. offers several specialized personal …

Former Mississippi Lawyer Scruggs to Begin Prison Term in Kentucky

Not so long ago, former Mississippi-based Richard “Dickie” Scruggs was one of the most powerful civil lawsuit attorneys in the country. In prison, he will be inmate No. 12734-042. Scruggs, 62, must report to a federal prison in Kentucky by …

Arkansas Forestry Commission: Fire Danger High

A tanker airplane has been used to dump water on six different fires in southern and central Arkansas, the state Forestry Commission said Aug. 1, warning that the danger of wildfires is now very high. Sixteen Arkansas counties have imposed …

Community Financial Insurance Adds Credo as Senior VP

Community Financial Insurance Center, Monroe, La., hired Jeanette F. Credo as senior vice president for its new Financial Institutions Division for the states of Louisiana, Alabama and Mississippi. Credo will establish and manage a Baton Rouge-based office, which will be …

Former Insurance Offices to Become Arkansas Black History Museum

An insurance business incorporated in 1883 by two former slaves when segregation laws and white businesses considered blacks nearly invisible opens with fanfare this fall as a new state museum to honor African-American heritage. The Mosaic Templars Cultural Center opens …