It Figures
$12.1 Million Cumulative amount of bonuses to be paid to several top executives at AIG, after U.S. pay czar Kenneth Feinberg signed off on the deal. The payments were promised in 2008 to get key employees to stay with AIG …
Southeast States Among Most Exposed to Climate Change
Poverty and climate hazards make the southeast United States the country’s most vulnerable area to climate change impact, Oxfam America said. A report released by the relief organization identified high-risk “hotspots” across 13 southeast states from Arkansas to Virginia where …
Florida’s Homeowners Choice Has Eye on Merger with 21st Century Holding
Homeowners Choice, Inc., a Florida-only homeowners insurance company founded in 2006, has sent a letter to the board of directors of 21st Century Holding Co. proposing a merger between the two companies. In an Oct. 12 letter addressed to Bruce …
Donegal Mutual, Southern Mutual Finalize Pooling, Marketing Affiliation
Pennsylvania-based Donegal Mutual Insurance Co. and Georgia-based Southern Mutual Insurance Co. have finalize an affiliation they announced in early September. The deal brings Southern Mutual into Donegal’s insurance pool and gives the Georgia insurer additional products to sell. Southern Mutual …
Carroll, Jarratt and Lee Added to PCI’s Board of Governors
Steven D. Carroll, Robert Jarratt and Michael H. Lee have been elected as the newest members of the Property Casualty Insurers Association of America’s (PCI) Board of Governors. Carroll, serves as executive vice president and general manager, North Carolina Farm …
Sheffield to Tout Regulatory Role in Georgia Insurance Commissioner Race
Attorney Maria Sheffield has become the latest candidate to enter the Republican primary to be the next insurance commissioner in Georgia. She is one of several candidates hoping to succeed current Insurance Commissioner John Oxendine, who is running for governor. …
U.S. Insurance Commissioners Host 13 International Regulatory Interns
The organization of state insurance commissioners welcomed 13 interns from Azerbaijan, China, Egypt, Saudi Arabia, Thailand and Zambia to the U.S. this week. The National Association of Insurance Commissioners (NAIC) has sponsored its International Internship Program for Education and Regulatory …
GUARD Introduces BOP in New York
GUARD Insurance Group has begun offering Businessowner’s Policy coverage in New York. This new line complements the company’s traditional specialtym, workers’ compensation insurance for small- to medium-sized businesses. In addition, Commercial Excess Liability policies are available to BOP customers. Although …
South Carolina Court Hears Wildfire Case This Week
A man fined in the most destructive wildfire in South Carolina history is facing a court date to answer to charges. Court documents show the trial for Marc Torchi is set for Wednesday in Central Jury Court in Conway, a …
Southeast States Among Most Exposed to Climate Change Impact: Report
Poverty and climate hazards make the southeast United States the country’s most vulnerable area to climate change impact, Oxfam America said. A report released by the relief organization identified high-risk “hotspots” across 13 southeast states from Arkansas to Virginia where …
