Tennessee News

My New Markets

Skating Rinks, Roller and Ice Venues Nuts & Bolts: American Insurance Alliance is offering Roller and Ice Skating venues that are traditionally difficult to insure general liability coverage. American Insurance Alliance’s only business is skating venues with 18 continuous years …

My New Markets

BOP, Beauty, Nail Salons Nuts & Bolts: Bass Underwriters has a new admitted program for BOPs targeting a varied selection of risks. The program will entertain such businesses as beauty and nail salons, clothing stores, convenience stores, electronic and video …

My New Markets

Commercial Auto Nuts & Bolts: Texas Specialty Risk Programs is offering coverage on commercial auto fleets, 1-20 power units. Lowest pricing available. Same day quotes if requested. No loss info required. Submission only requires accord application and business accord auto …

People

Dallas-based KMC Insurance Services promoted Warren Lee to vice president of its commercial lines department. Lee focuses on large commercial accounts, specializing in the home building, roofing, real estate development, and oil and gas industries. Lee has been the recipient …

Top 20 Banks in Insurance Brokerage Fee Income (2006/Nationally)

Rank 2006 Insurance Brokerage Fee Bank Income Name City, State Web site 1 $973.0 million Citibank N.A. Las Vegas, Nev. www.citibank.com 2 $799.4 million Branch Banking and Trust Co. Winston-Salem, N.C. www.bbt.com 3 $190.1 million FIA Card Services N.A. Wilmington, …

My New Markets

Logging and Lumbering Nuts & Bolts: O’Donovan & Associates’ Timber Harvester Program is designed to provide customized coverage for the contractor who harvests and hauls timber and related products. Mechanized and manual cutting operations are both included. Related timber dealers …

Tenn.: Calera Capital and TPG Close Acquisition of Direct General Corp

Calera Capital, formerly Fremont Partners, and TPG Capital, formerly Texas Pacific Group, announced the completion of the acquisition of Direct General Corp. by an affiliate of Calera and TPG. Prior to the acquisition, Direct was a publicly traded company (NASDAQ: …

Proposed Trauma Center Funding Fails in Ark. Legislative Committee

Another attempt to fund a statewide trauma center system in Arkansas by adding a tax to insurance policies failed to win the endorsement of a legislative conference committee April 2, effectively killing it. A proposal by Senate President Jack Critcher …

Indiana Insurance Brings Safer School Seminar to Indianapolis

Indiana Insurance, a member of Liberty Mutual Group, recently announced that it will host its free, day-long Safer Schools Seminar on April 16th at Indiana University-Purdue University (UIPU) in Indianapolis, University Place Conference Center, from 9 a.m. to 4 p.m. …

Ga. Supreme Court Cites ‘Continuous Employment’ in Workers Comp Award

In a narrow margin to approve workers compensation benefits for the family of deceased Florida resident Howard King, the Georgia Supreme Court cited a doctrine of “continuous employment” in its 4-3 decision, voiding two previous rulings. The State Board of …