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Tennessee News

Tenn. Gov. Bredesen Names Newman as Insurance Commissioner

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 & Luna law firm. She …

Tenn. report highlights cost of defending medical malpractice claims

Most medical malpractice claims closed in Tennessee result in no payment of damages to patients and their families, according to a recent report. However, the approximately 16 percent of claims that were paid accounted for more than $119 million in …

It Figures

20% The premium refund that The Medical Assurance Company of Mississippi is giving to its physician customers. According to Michael D. Houpt, MACM president, the malpractice insurance refund has been made possible almost entirely as a result of the significant …

It Figures

$20 billion The federal flood insurance program may be going broke after incurring $20 billion in debt from recent storms like Hurricane Katrina. But that hasn’t stopped politicians from trying to extend the taxpayer-subsidized coverage for some of the riskiest …

Drunk driving death rates decline in 23 states

Drunken-driving deaths declined slightly across the nation in 2005, and the rate of drunken-driving deaths fell in 23 states, according to transportation officials. The National Highway Traffic Safety Administration reported that 23 states and Puerto Rico had a decrease in …

Denver-Based Company Recalling Sausage

Nearly 16,000 pounds of beef and buffalo sausage marketed as Maverick Sausage have been recalled from stores in 18 states, including Michigan, because of possible contamination with the bacterium Listeria monocytogenes. The U.S. Agriculture Department’s Food and Safety Inspection Service …

Business Moves

Commerce Group, SWICO Enterprises, State-Wide Insurance The Commerce Group Inc., the largest auto insurer in Massachusetts, expects to enter the New York personal lines insurance market in 2007 as part of its plan to expand geographically. Under the terms of …

Figures

20% The premium refund that The Medical Assurance Company of Mississippi is giving to its physician customers. According to Michael D. Houpt, MACM president, the malpractice insurance refund has been made possible almost entirely as a result of the significant …

Tenn. report highlights cost of defending medical malpractice claims

Most medical malpractice claims closed in Tennessee result in no payment of damages to patients and their families, according to a recent report. However, the approximately 16 percent of claims that were paid accounted for more than $119 million in …

Business Moves

AssuranceAmerica Corp. AssuranceAmerica Corp., an Atlanta-based insurance holding company, has written its first auto insurance policy in Louisiana. The company now writes in six states including Georgia, Florida, South Carolina, Alabama and Texas and has plans to expand to additional …