Tennessee News

State Regulators Deny Life Insurers’ Bid for Looser Capital Requirements

State insurance regulators voted against a proposal to loosen capital requirements for the battered life insurance industry, shooting down hopes for up to $30 billion in relief. The National Association of Insurance Commissioners (NAIC), a group representing regulators in all …

Supreme Court: Job Bias Law Protects Workers Cooperating in Probes

The Supreme Court has ruled that workers who cooperate with internal investigations of retaliation by their employers are sheltered by federal laws prohibiting job discrimination. In an opinion this week, the justices held that a longtime school system employee in …

Small Earthquakes Reported in Northeast Arkansas

A series of small earthquakes occurred Jan. 26 in northeast Arkansas. The U.S. Geological Survey said three quakes of magnitudes ranging from 2 to 2.8 occurred between 1 a.m. and 5:09 a.m. a few miles east of Walnut Ridge and …

Great Northwest Insurance Outlook Revised to Negative by A.M. Best

A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of B+ (Good) and issuer credit rating (ICR) of “bbb-” of Great Northwest Insurance Co., which is headquartered in St. Paul, Minn. …

People

The Insurance Marketing and Communications Association named Richard Look president. He is a marketing communications veteran with agency and insurance company experience, and currently serves as vice president of marketing communications for Inventure Inc., a privately owned insurance services company …

People

The Insurance Marketing and Communications Association named Richard Look president. He is a marketing communications veteran with agency and insurance company experience, and currently serves as vice president of marketing communications for Inventure Inc., a privately owned insurance services company …

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. Mono-line Property for Coastal Exposures Market Detail: CATalyst Property Insurance from Venture Programs gives agents …

Texas Mutual Gains Legal Ground in Oklahoma, Tennessee Cases

Texas Mutual Insurance Company reported it has secured legal victories in two workers’ compensation cases that originated in Oklahoma and Tennessee. In a statement released by the company, Texas Mutual Insurance said on Jan. 16, 2009, it received a favorable …

Scientist: Fault Puts East Arkansas at Earthquake Risk

A previously unknown fault in eastern Arkansas could trigger a magnitude 7 earthquake in the cotton fields of the upper South with an epicenter near a natural gas pipeline, a scientist said. Haydar Al-Shukri, the director of the Arkansas Earthquake …

Colt Park Insurance, Armstrong/Robitaille/Riegle Merge

Ann Arbor, Mich.-based Armstrong/Robitaille/Riegle Inc. has merged with Colt Park Insurance Agency of Brighton, Mich. Colt Park, along with A/R/R, will continue to write commercial insurance and personal lines and now will have a full array of employee benefits and …