Tennessee News

Tennessee Proposal to Let Golf Carts on Roads Stalls

A proposal to allow operation of golf carts on certain Tennessee roads will be studied over the summer with similar bills. The House Public Safety Subcommittee voted to send the measure to a summer study committee. The measure sponsored by …

Florida Among States Considering Ban on Accident Response Fees

It was bad enough when Matthew Norville rear-ended another driver, crushing the front end of his own car. A few weeks later, the Pensacola college student got a $714 bill to cover the cost of the county police and firefighters …

Willis HRH Names Pera to Head Atlantic Region, Based in Tennessee

Insurance broker Willis HRH has appointed Douglas W. Pera as national partner of its Atlantic region. Pera will be responsible for the company’s retail insurance offices in Maryland, Tennessee and Virginia, and will report to Don Bailey, chairman and Chief …

Georgia Trucking Insurance Agent Charged

A Chattanooga, Tenn. insurance agent has been charged with insurance fraud and theft for allegedly adding commissions to policies when he told policyholders that the coverage was being sold on a net basis – with a set fee, but without …

Business Moves

Munich Re German reinsurer Munich Re has successfully concluded the acquisition of specialty insurer HSB Group from American International Group for $739 million. The deal was originally announced last December. The purchase price in cash was financed by Munich Re …

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. Technology Errors & Omissions Market Detail: Chamber Insurance Agency Services gives agents access to an …

Ratings: Am. Freedom, Columbia, Central States, Lyndon, Zurich (bonds)

A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb+” of Illinois-based American Freedom Insurance Company. Best said the “ratings reflect American Freedom’s solid …

Martinez Joins General Insurance Agent J.M. Wilson in Southern Region

Michigan-based managing general agency J.M. Wilson has added Debbie Martinez as Sales and Underwriting manager for its southern regional office in Charleston, South Carolina. Martinez will be responsible for developing relationships and growing J.M. Wilson’s presence in the South. With …

Tennessee Tornadoes Took 2 Lives, Damaged 500 Buildings

The National Weather Service has upgraded the strength of a tornado that killed a woman and her infant daughter when it hit Murfreesboro last week and said a second tornado touched down in the county. The weather service office in …

Georgia Charges Tennessee Trucking Insurance Agent with $2.6 Million Fraud

A Chattanooga, Tenn. insurance agent has been charged with insurance fraud and theft for allegedly adding commissions to policies when he told policyholders that the coverage was being sold on a net basis — with a set fee, but without …