Tennessee News

Why Bankruptcy Rates Vary By State

State Policies, More Than Differences Among People, Tend to Influence Bankruptcy Rates In a previous edition of Insurance Journal (July 20, 2009, “Tackling Client Bankruptcy: How to Help Clients Work Through the Challenges of Business Bankruptcy”), Dean Mortilla, president of …

Why Bankruptcy Rates Vary By State

State Policies, More Than Differences Among People, Tend to Influence Bankruptcy Rates Twenty-four percent of agents and brokers have had business customers go into bankruptcy in the past two years; another 24 percent have had customers file for personal bankruptcy, …

Top 20 Banks in Insurance Brokerage Fee Income

Top 20 Banks in Insurance Brokerage Fee Income (2008/Nationally) Rank 2008 Insurance Brokerage Fee Income Bank Name City, State Web site 1 $860.34 million Branch Banking and Trust Co. Winston Salem, N.C. www.bbt.com 2 $860.00 million Citibank, National Association Las …

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. Vacant Property Market Detail: American Management Corp. offers property protection to owners of residential and …

Jury Rules against Tennessee Woman in Racial Harassment Suit

A federal jury has ruled against a white woman who claims she was harassed for defending black co-workers at a Whirlpool factory in La Vergne. Treva Nickens said the harassment started when she agreed to testify for black co-workers in …

Auditor: TVA Lawyers Limited Ash Spill Report

The Tennessee Valley Authority failed for more than 20 years to heed warnings that might have prevented a massive coal ash spill in Tennessee, then allowed its lawyers to stifle a $3 million study into the disaster’s cause to limit …

Survey: Tennessee Small Businesses Struggling with Health Insurance Costs

With Congress debating how to reform Athe nation’s health care system, a new survey report reveals that 79 percent of Tennessee’s small business owners, including the self-employed, are struggling to afford healthcare coverage and a considerable majority support changes, including …

Allstate to Close Mississippi Claims Office; Employees Offered Transfers

Allstate Insurance will close its Mississippi phone-claims center by Oct. 30, eliminating 63 local jobs. The claims center in Ridgeland has been in operation for about 30 years. Allstate spokesman Mike Siemienas says 33 positions will be moved centers in …

The Hartford Rolls Out AARP Auto Product Through Independent Agents

The Hartford Financial Services Group Inc. is now offering AARP-branded auto insurance through select, authorized independent agents. Previously, the insurance was only available directly from The Hartford by phone, Internet or mail. The decision to expand through the agent channel …

Insurers Get Tax Credits for Backing Tennessee Venture Fund for Startups

Newly signed legislation in Tennessee will provide venture money for new companies with high growth potential, such as those involved in biotechnology and other innovations. The money will come from insurance companies that invest in the fund and then receive …