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Joseph Tracy has been named president of Travelers Inland Marine business unit. Tracy, who joined Travelers in 2006, most recently served as chief underwriting officer for the Inland Marine business unit. Prior to joining Travelers, Tracy was the head of …

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. Products Liability for Roller Coasters and Rides Market Detail: MarketScout offers agents access to products …

Insurance Claims from South Carolina Wildfire to Top $25 Million

Insurance companies expect claims from a South Carolina wildfire that has destroyed more than 70 homes near the coast to top $25 million. Allison Dean Love with the South Carolina Insurance News Service said the $25 million estimate will increase …

Myrtle Beach Property Owners Add Wildfire to Hurricane Risk

They flock from other states and climes to the coast known as the Grand Strand, first as tourists, and later as residents, captivated by ocean views, rolling green fairways and the relaxed lifestyle. Most knew that an occasional hurricane was …

Phenix Mutual Joins Motorists Insurance Group

Concord, New Hampshire-based Phenix Mutual Fire Insurance Co., will become an affiliate of The Motorists Insurance Group, Phenix announced. The agreement must be approved by regulators in New Hampshire and Ohio, where Motorists is headquartered. Phenix, which operates in New …

South Carolina Gov. Sanford Backs Cut in Wildfire Fighting Budget

South Carolina Gov. Mark Sanford is not backing down from his proposal to trim $1 million in state spending from wildfire fighting, even as damages mount in a fire near Myrtle Beach. Sanford spokesman Joel Sawyer said that a fee …

Wildfire Burns Homes Near South Carolina’s Myrtle Beach

A coastal wildfire spread early Thursday toward one of the busiest tourist stretches in South Carolina, burning dozens of homes and forcing hundreds to flee in the middle of the night. No injuries were reported. Police banged on doors to …

Insurers, Environmental Advocates Urge Changes to Protect U.S. Coastlines

A coalition of insurers, public officials, risk experts, builders and conservation groups introduced a blueprint of policy changes and common sense actions that could reduce economic losses from future storms and rising sea levels by as much as half along …

Watchdog Group Ranks Best, Worst States in Disciplining Doctors

Most states, including California and Florida, are failing to adequately discipline doctors who are practicing substandard medicine, according to the latest annual ranking of state medical boards by the watchdog group Public Citizen. For the first time since Public Citizen …

Willis HRH Names Pera to Head Atlantic Region, Based in Tennessee

Insurance broker Willis HRH has appointed Douglas W. Pera as national partner of its Atlantic region. Pera will be responsible for the company’s retail insurance offices in Maryland, Tennessee and Virginia, and will report to Don Bailey, chairman and Chief …