Arkansas News

Ark. Seeks to Improve Quality of Workers in State with New Program

Arkansas state government is promoting a new program for workers who want to improve their job security. The state Department of Workforce Services is among several state agencies that are promoting a new certification for workers, the Arkansas Career Readiness …

Three Okla. Lawmakers Return Donations Linked to Former Commissioner Scandal

Three Oklahoma state representatives, all Republicans, say they are returning campaign contributions given to them by the son of a man linked to convicted former state Insurance Commissioner Carroll Fisher. Reps. Jeff Hickman and Earl Sears say they’re both returning …

Ratings Recap: Harleysville, TIG Specialty, Co-Operative, Crusader, Pacific Star

A.M. Best Co. has revised the outlook to positive from stable on all ratings of the Harleysville Mutual Insurance Company and its subsidiaries, including the publicly-traded holding company, Harleysville Group Inc. (HGIC). Best also affirmed the financial strength rating (FSR) …

Ark. Gov.: 5 Counties Disaster Areas Due to Tornado, Thunderstorm

Ark. Governor Mike Beebe declared Benton, Conway, Craighead, Poinsett and Pope Counties state disaster areas due to the damage caused by thunderstorms and tornadoes on Jan. 7 and Jan. 8. Beebe’s declaration releases $250,000 from the Governor’s Disaster Fund to …

Mo. Earthquake Insurance Task Force to Review Market Changes

Although Midwesterners worry most about tornadoes, snow and ice storms, lurking in the back of every homeowner’s mind is the knowledge that we, like our California brethren, lie just above a major earthquake fault line — New Madrid. Although no …

It Figures

$72 Million The value of assets seized from Martin Frankel, a former financier convicted of stealing from insurance companies. Outgoing Mississippi Insurance Commissioner George Dale said the assets were seized by the FBI and the Internal Revenue Service as a …

Business Moves

Brown & Brown, Turner & Associates Through a subsidiary, Brown & Brown Inc. acquired Tecumseh, Okla.-based Turner & Associates Insurance Agency Inc. Turner & Associates, with annualized revenue of approximately $1.7 million, specializes in the oil and gas industry. The …

People

Dallas-based regional insurer, The Republic Group, appointed Jim Drawert to the new position of vice president – Industry Relations. Additionally, Cathy Link has joined Republic as chief underwriting officer. Drawert joined Republic in 2003 as vice president – chief underwriting …

Stronger Earthquake Code Rules For Ark. On Hold

An Arkansas legislative committee in early January 2008 put off a review of the state’s building code after lawmakers questioned costs related to making structures withstand earthquakes that come once every 2,500 years. Firefighters and others support the new regulations …

It Figures

$3.1 Million A South Carolina company that made contaminated pet food that killed dozens of dogs nationwide will pay $3.1 million in a settlement with pet owners. The pet food, which contained a mold called aflatoxin, was produced at Diamond …