Declarations
Friend and Colleague “We are devastated that all hope is lost, but we also find a sense of closure in knowing that we can lay to rest our dear friend and colleague with the dignity and respect she deserves.” —Chrissy …
It Figures
$94,614,453.59 Arkansas has racked up nearly $95 million in insured losses from four major storm systems that hit the state so far this year. May 10 storms caused $17,150,530.56 in damages, the Arkansas Insurance Department said. Storms on May 2 …
People
Specialty Insurance Managers Inc. CEO Frank R. Berry and President Diana G. Berry are retiring. The Austin, Texas-based managing general agency chose to perpetuate by passing the leadership of the firm to Mike Berry, chairman and CEO; Sherri Hendricks, president; …
Declarations
A Crime Epidemic “The increasing value of copper has made it a valuable commodity, and subsequently an attractive target for criminals. … This is a crime happening throughout the state, and it’s costing our citizens hundreds of thousands of dollars …
Texas Approves 10 Companies to Self-Insure for Workers’ Comp
Commissioner of Workers’ Compensation Albert Betts approved 10 companies, employing approximately 31,400 employees in Texas, to self-insure for workers’ compensation claims for a one-year period under the Texas Department of Insurance, Division of Workers’ Compensation Self Insurance Program. Under Texas …
Hanover Enhances Towing, Rental Car, Other Personal Lines Benefits
The Hanover Insurance Group, Inc. is offering enhancements to its automobile and homeowners policies for towing, labor, and rental cars as well as waived deductibles and guaranteed policy renewals. The new personal insurance benefits — called Ultimate Service and Total …
Lower Seat Belt Use After Dark Results in More Nighttime Fatalities
More than two-thirds of young drivers and passengers killed in nighttime car crashes aren’t wearing seat belts — deadly proof of what can happen when young people don’t heed parents’ pleas and authorities’ threats to “click it.” Though seat belt …
Twisters Hit Record High Early in Season in Midwest
One account said that the tornado that hit Seneca, Mo., was a mile wide and traveled 60 miles on the ground before starting to dissipate. On May 4, 2008, the residents of Greensburg, Kan., remembered the anniversary of the tornado …
Alabama Raises Required Auto Liability Limits for First Time Since 1983
The Alabama Legislature has voted to raise the minimum amount of auto liability insurance that motorists must purchase. The current limits under Alabama’s mandatory insurance law are $20,000 for a single injury or death, $40,000 for multiple injuries or deaths, …
It Figures
$1.5 Billion The Texas Windstorm Insurance Association is asking the Texas Department of Insurance for the go-ahead to purchase $1.5 billion in catastrophe reinsurance coverage over a retention of $600 million. TWIA is aiming to build up protection for $2.3 …
