Tennessee News

Ark. Insurance Commissioner, Staff to Hold NAIC Posts

The Arkansas Insurance Department reported that state Insurance Commissioner Julie Benafield Bowman has been elected vice-chair of the Southeastern Zone of the National Association of Insurance Commissioners (NAIC). Her election took place at the organization’s spring meeting in New York. …

Tenn. Malpractice Bill Pushes Certification to Weed Out Claims

A compromise on medical malpractice reform in the works by the Tennessee Legislature wouldn’t set a cap on damages but would create a way to penalize lawyers who bring frivolous lawsuits. Insurers and doctors have been lobbying lawmakers for several …

Ohio Grange Realigns Personal Lines Division, Adds Staff

Grange Insurance recently announced that it has realigned its personal lines division by naming two regional personal lines presidents. Barry Hunlock has been named regional personal lines president for Illinois, Michigan, Ohio, South Carolina, Virginia and Pennsylvania. He will also …

La.’s Road Home Program Hits the Road for Katrina Victims

Louisiana’s Road Home program, criticized by lawmakers for too slowly disbursing grants for homeowners ousted by hurricanes Katrina and Rita, is hitting the road to reach more applicants. The program, which provides repair money and buyouts to homeowners in storm-ravaged …

FBI: Internet Crimes Range from Auction Fraud to Murder Threats

When it comes to crime, the Internet is like a Swiss Army knife—a multi-purpose tool that’s easy to use and highly versatile. That’s made clear, says the FBI, by the 2006 annual report just issued by its Internet Crime Complaint …

Oregon Malpractice Claims Among Nation’s Lowest

Medical malpractice claim payouts in Oregon are lower than those in all but seven other states despite the elimination of a cap on such awards in 1999, a new study shows. The study researchers tried to measure the effects of …

My New Markets

Wedding Insurance Nuts & Bolts: Travelers recently announced the launch of the Wedding Protector Plan, an insurance policy covering weddings. The Wedding Protector Plan provides coverage, with no deductible, for a variety of unfortunate occurrences associated with a wedding event. …

My New Markets

Wedding Insurance Nuts & Bolts: Travelers recently announced the launch of the Wedding Protector Plan, an insurance policy covering weddings. The Wedding Protector Plan provides coverage, with no deductible, for a variety of unfortunate occurrences associated with a wedding event. …

Figures

135 The number of homeowners in Alabama’s Fairhope-Daphne area whose policies were set to be non-renewed by State Farm Insurance but are expected to have their coverage retained. State Farm had notified the Alabama Department of Insurance that it would …

Business Moves

Hub, Apax, Morgan Stanley Hub International Limited, which got its start in 1998 when 11 Canadian brokers merged and has since grown through acquisitions into one of the largest insurance brokers in North America, is being acquired by funds advised …