Tennessee News

Miller Named President-Elect by Academy of Actuaries

The board of directors of the American Academy of Actuaries has elected Mary Frances Miller as the organization’s president-elect. Miller will succeed Ken Hohman as president for the 2010-2011 term. Miller is a consulting actuary with Select Actuarial Services in …

3 States Accuse FedEx of Misclassifying Drivers as Independent Contractors

Three states said Tuesday they plan to sue FedEx Corp., accusing the second-largest U.S. package delivery company of violating labor laws by illegally classifying drivers as independent contractors rather than employees to save money. The attorneys general of New York, …

El Nino to Influence U.S. Winter Weather– Or Not, Say Forecasters

It will be a tale of two winters in the United States — warmer and drier than average in the North and wetter and cooler in the South — thanks to El Nino, according to government forecasters. In its winter …

Insurance Brokerage M&A Took a 3rd Quarter Vacation

Deal making wasn’t at the top of the list of summer activities this season, but deal vacation was. Third quarter merger and acquisition (M&A) activity continued declining to just 30 announced transactions between July and September. This quarterly activity follows …

Tennessee Hears Calls for Safety Oversight As ATV Death Toll Rises

An East Tennessee teenager’s weekend death in an all terrain vehicle accident brought the state’s 2009 death toll in ATV wrecks to eight, and a national consumer safety spokeswoman said the national death toll from the machines is “staggering.” More …

Declarations

Cancellation Notice “The association’s leadership did not make the unprecedented decision to cancel this year’s Annual Convention and Young Agents Conference lightly. Like so many other West Virginia businesses of all sizes, our association’s membership and their ability to support …

Business Moves

Prepared Insurance, Florida Florida approved a new homeowners insurance company that plans to focus on what it says is the underserved market of homes built before 2002. Prepared Insurance Co., headquartered in Tampa, is also promising to offer a broad …

Declarations

20% The percentage of U.S. drivers who admit they have read or sent a text message while behind the wheel, even though nearly all of the respondents considered such action unacceptable, according to an AAA survey. $500 Million Georgia Insurance …

10 Insurers Hit Century Mark

The National Association of Mutual Insurance Companies has welcomed 10 new members into its Century Club, recognizing them for serving policyholders for 100 years. With the addition of the 2009 class, the Century Club has more than 660 members. Combined, …

As Floodwaters Recede in Southeast, Many Residences Remain Underwater

As floodwaters around Atlanta began to recede, residents were packing moving vans with furniture and commiserating about water-logged apartments. “I’m toast,” Penny Freeman, who moved into a first-floor apartment five days ago, said. “I don’t have a place to stay. …