Maryland News

BB&T Insurance Buying Georgia’s Reese Agency

BB&T Insurance Services said it plans to expand its metro Atlanta operation with the acquisition of Reese Insurance Associates Inc. of Riverdale, Ga. Reese provides both commercial and personal property and casualty coverage as well as group benefits insurance. “The …

Aetna Buys Schaller Anderson Inc. for $535 Million

Aetna Inc. in Hartfors, Con. has agreed to buy a Phoenix-based company that manages health care for Medicaid plans and administers employers’ self-funded health plans. The Hartford-based insurer announced Thursday that it will buy privately owned Schaller Anderson Inc. for …

La. Regulators Approve Property Insurance Rate Hikes

Louisiana regulators have approved property insurance rate hikes of 16 percent to 51 percent for three small companies, with larger increases for homeowners along the coast. The Louisiana Insurance Rating Commission on May 24 approved a 16 percent increase in …

Detailed Database of Global Terrorism Attacks Now Available Online

What researchers say is the world’s largest unclassified database of terrorism attacks is now available online for general use by researchers, policy-makers, media and the general public. The Global Terrorism Database was developed by START, the National Consortium for the …

Ky. Chicken Processing Plant Resumes Operations

Operations have resumed at a chicken processing plant in western Kentucky where work was suspended last week after an inspection. The U.S. Department of Agriculture inspection raised an unspecified concern at Perdue Farms’ plant in Cromwell, which prepared chicken served …

New Maryland Law Targets Staging Accidents for Insurance Money

Maryland became only the second state to make staging an car accident to steal insurance money a specific crime when Gov. Martin O’Malley signed a bill into law last week. According to the Coalition Against Insurance Fraud, the new law …

People and Places

Lansing, Mich.-based Accident Fund Insurance Company of America recently named Al Gileczek as its vice president of Business Development Regional Operations. In his new role, Gileczek oversees Accident Fund’s national underwriting practices, sales strategies, research, and regional growth and development. …

People Patricia Smith has joined InsurBanc, a financial services provider for independent insurance agencies, as vice president of sales and business development. Smith will focus on the needs of independent agencies and develop relationships with them. Smith joins InsurBanc with …

My New Markets

Antique Home Insurance Nuts & Bolts: MiddleOak is offering the insurance designed exclusively for antique homes. Comprehensive coverage (similar to a high value home policy) for pre-1930 homes with coverage at $250,000 to $5 million. Endorsed by a historical trust. …

My New Markets

Allied Medical Organizations PL/GL Nuts & Bolts: Travis-Pedersen Associates Inc. is now offering a policy that covers a broad range of medical malpractice and general liability exposures. Allied health care facilities are those businesses that provide medical services directly to …