Tennessee News

Missouri Governor: State Must Be Ready for Big Quake

Most experts believe it’s just a matter of time before another big earthquake strikes along the New Madrid fault line, and Gov. Jay Nixon says Missouri and neighboring states need to be ready. Nixon on Feb. 19 convened a panel …

Road Safety Advocates Rank North Carolina, Tennessee Among Best

Highway safety advocates recently released an annual report card grading all 50 states and the District of Columbia on their performance when it comes to adopting and maintaining 15 model traffic safety laws. This year the report by Advocates for …

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. Livestock Mortality Insurance Market Detail: Chopra Insurance Brokerage Inc. offers an “all risks of mortality” …

Tennessee Eyes Car Insurance Break for Seniors Taking Online Course

Senior drivers in Tennessee could get a discount on their insurance for taking an online driving course, under a bill unanimously approved by the state Senate on Wednesday. The measure sponsored by Republican Sen. Mike Faulk of Kingsport and supported …

A.M. Best B+ (Good) Rated Contractor GL Insurance Carrier Expanding to 35 States

National Contractors Insurance Company, Inc., a Risk Retention Group (“NCIC”), A.M. Best Rated B+ (Good), is expanding from 25 to 35 states, with their Commercial General Liability coverage now being made available in Alabama, Connecticut, Indiana, Iowa, Kansas, Ohio, Mississippi, …

Main Street America Records Profitable and Busy 2009

The Main Street America Group reported its 2009 financial results that included a 1.3 percent increase in net premium to $815 million, an 18.2 percent return on equity, and a 97.4 combined ratio for the year ended Dec. 31, 2009. …

Business Moves

Hylant Group, W Group Cincinnati-based insurance brokerage, Hylant Group, and the W Group, a privately owned employee benefit services provider, have merged. The combined organizations will form one of the largest employee benefit firms in the Cincinnati area, the companies …

Business Moves

ProBuilders The ProBuilders risk retention group offering general liability insurance for builders and contractors will stop accepting new business and not renew most of its 1,800 policies as of March 1. According to Bill Tepe, chief financial officer for NationsBuilder …

Tennessee Delays Workers’ Comp Mandate

The Tennessee General Assembly has voted to delay a state law that requires workers’ compensation coverage for sole proprietors and partners in the construction business who were previously exempt. The vote pushed back the effective date of the law until …

It Figures

$35,200 The reduced fine issued to Walt Disney World by OSHA for a serious violation that contributed to the death of a 21-year old worker during a summer monorail accident last July. 11.7% The latest rate increase on homeowners policies …