Arkansas News

Alabama Legislature Raises Auto Liability Insurance Minimums

The Alabama Legislature is ready 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, …

America First Insurance Rolls out New Commercial Line Products

Richardson, Texas-based America First Insurance, a Liberty Mutual Agency Markets regional company, has introduced Custom Protector, a commercial lines product that offers additional built-in coverages with expanded eligibility. Custom Protector targets small to mid-sized businesses with receipts up to $15 …

Stephens Insurance Expands, Adds 10 to Austin Office Staff

Stephens Insurance LLC expanded its commercial and retail insurance service capabilities in Texas by adding 10 staff members to its Austin office. Founded in 1987, Stephens Insurance offers insurance services throughout the South and serves a large clientele in Dallas …

Okla. Lawmaker with Ties to Industry Blocks Insurance Bills

An Oklahoma lawmaker who has blocked legislation that would require health insurers to cover a variety of medical procedures and conditions has accepted thousands of dollars in donations from individuals or political action committees with ties to the insurance industry, …

Court Allows Conn. Landlady’s Suit Against Rogue Insurance Executive Frankel For House Damage

A federal judge ruled in favor of a Greenwich, Conn., woman trying to collect more than $2 million for back rent and damage to a home occupied by rogue financier Martin R. Frankel. Judge Ellen Bree Burns rejected a request …

Georgia, Tennessee Lead in Insured Catastrophe Losses for 1st Quarter

U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $3.35 billion for first-quarter property losses resulting from nine catastrophes. The nine events identified as catastrophes by the Property Claim Services (PCS) unit of Insurance Services Office include …

It Figures

$4.3 Million Arkansas is losing $4.3 million in federal money allocated for workforce training programs, Gov. Mike Beebe said in an April 18 radio address. The U.S. Department of Labor is rescinding funding nationwide by $250 million for the Workforce …

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. Human Services Nuts & Bolts: Travis Pederesen and Associates is offering general liability, professional, umbrella, …

House, Senate to Confer on Differing Product Safety Bills

U.S. Sen. Mark Pryor will head a conference committee on legislation to strengthen consumer product safety efforts, and says the group will meet soon. The Democrat from Arkansas, who chairs the committee, said the group will consider the concerns of …

7 Die in Arkansas Storms, Raising Year’s Weather-Related Death Toll

Residents of communities across Arkansas on May 2 faced the wreckage of homes torn apart by violent weather that has pushed this year’s storm death toll in the southern state up to 26. “You can see the bags under the …