Maryland News

Arizona Bill Banning Texting While Driving Dies in Senate

The Arizona Senate in an 11-11 vote failed to pass a bill that would have banned texting on a cell phone while driving. If it had passed, SB 1334 would have imposed fines of $50 for from operating a motor …

Maryland Claims Adjuster Convicted of Theft

A former claims adjuster for Progressive in Maryland has been sentenced for stealing more than $39,000 from the insurer, according to the state’s attorney general. Chae Hyong Chu, has been sentenced on a single count of felony theft. Montgomery County …

Maryland Governor Backs Ignition Lock for Drunk Drivers

Gov. Martin O’Malley said Thursday he would support requiring first-time drunk drivers to install ignition locking systems in their vehicles, so they couldn’t drive them if they’ve had too much to drink. O’Malley announced his support for the measure while …

Business Moves

OneBeacon, Tower Group Massachusetts-based OneBeacon Insurance Group has agreed to sell its personal lines business to Tower Group Inc. in a deal that comprises two affiliate insurers and two reciprocal insurance exchanges in New York and New Jersey. The agreement …

Declarations

Dumb Fraud “This ranks as one of the dumbest things.” —Maryland Judge Michael J. Algeo, who gave a five-year suspended sentence for insurance fraud to Joseph Francis Brooks, 46, of Philadelphia. Brooks admitted that he staged a fake robbery and …

People

K. Patrick Armstrong has joined the executive team at New York-based ReSource Pro as a business process consultant. Armstrong will work with insurance agencies, brokers, MGAs and carriers to implement insurance process outsourcing. Patrick joins ReSource Pro with 20 years …

One Person’s View: 7 Wonders of P/C Insurance History

What events have shaped the modern insurance landscape? Which ideas, innovations and accidents stand out as landmarks in the development and growth of this most important industry known as insurance? Following is one person’s opinion of the seven wonders of …

M&A Activity at Decade Lows

Leading into 2009, agencies were at a crossroads; uncertain of whether to sell, buy, or implement new or improved organic growth strategies. The path was uncertain, but it was widely believed that market, economic and political dynamics would impact and …

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. Livestock Mortality Insurance Market Detail: Chopra Insurance Brokerage Inc. offers an “all risks of mortality” …

Snow Causes $1.5M in Damage to Maryland Zoo

Officials at the Maryland Zoo in Baltimore say $1.5 million in damage after two recent snowstorms will delay the attractions’ opening by up to a month. Insurance adjusters declared the Maryland aviary a total loss, the African aviary was heavily …