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Tennessee News

News Currents

New insurance commissioner in Tennessee Tennessee Governor Phil Bredesen has named a Nashville attorney, Leslie Shechter Newman, as commissioner of the Department of Commerce and Insurance. She succeeds Paula Flowers, who recently resigned. Newman is a partner with Nashville’s Farmer …

New Markets

Monoline Energy Nuts & Bolts: MarketScout, the Dallas-based eInsurance Exchange, has launched an exclusive Monoline Energy Workers’ Compensation program. The facility accepts most class codes related to the energy industry, including operations “over the hole” and USL&H exposures. Dollars: Statutory …

In 2006, largest P/C losses occurred inland

Coastal states got a relative reprieve in 2006, while inland states racked up most of the nation’s property/casualty losses for the year. According to the Insurance Services Office’s Property Claim Services (PCS), the states where insurers reported the largest catastrophe …

News Currents

Biggest U.S. property cat losses in 2006 were away from coasts Property casualty insurers increasingly steered clear of the water out of fear of catastrophe losses during the past year. But while they were keeping a wary eye on the …

8 Customer satisfaction doesn’t guarantee agent, insurer loyalty

U.S. has second-highest level of satisfaction 9 Calif. Commissioner Poizner sworn in Vows to keep office independent, nonpartisan 10 Calif. declares claims emergency Freezing temperatures create citrus losses 12 Biggest U.S. property cat losses were away from coasts Indiana, Missouri, …

Ark. Commissioner Elected Officer at NAIC

Arkansas Insurance Commissioner Julie Benafield Bowman has been elected Secretary-Treasurer of the Southeastern Zone of the National Association of Insurance Commissioners (NAIC), her office announced. Becoming an officer of the Zone elevates Bowman to the Executive Committee of the NAIC. …

Tenn. Traffic Deaths Down Since Enactment of DUI, Seat Belt Laws

Traffic fatalities in Tennessee have gone down slightly over the past two years following the passage of two important driver safety laws, according to preliminary statistics from 2006. The state lowered the minimum blood-alcohol content to 0.08 percent for drunken …

Biggest U.S. Property Cat Losses in 2006 Were Away From Coasts

Property casualty insurers increasingly steered clear of the water out of fear of catastrophe losses during the past year. But while they were keeping a wary eye on the coasts in 2006, and escaped relatively unscathed in those areas thanks …

Ind. Leads Country with Highest Catastrophe Losses in 2006

In a year where coastal states endured no major tropical storms, Indiana saw more property damage due to large weather events than any other state (in 2006), according to statistical firm the Insurance Services Office (ISO). Indiana residents filed nearly …

Ohio Westfield Insurance Appoints New Executive

Mark Kidd has been named executive, small business accounts, at Westfield Insurance. His responsibilities include managing the growth and profitability of Westfield’s small business accounts in Ohio, Kentucky, Tennessee, Georgia and Florida. Kidd previously served as regional underwriting manager. He …