Tennessee News

Brooke Corp. Troubles Continue as Stock is Sold

Kansas Franchise Group Faces Lawsuits in Multiple States Amid the flurry of lawsuits leveled by franchisees, now an Illinois company connected to a bank involved in the lawsuit of the parent company of Brooke Corp. has taken control of 44.3 …

Business Moves

BrickStreet Mutual, Argonaut BrickStreet Mutual Insurance, headquartered in West Virginia, will expand its services in 2009 by offering to provide its West Virginia policyholders with workers’ compensation coverage in other states. BrickStreet will partner with Argonaut Insurance Co. to provide …

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. Eliminate Forced Placed Coverage Market Detail: John-Galt (SafetyNet) introduces a new insurance product eliminating force-placed …

North Carolina Independent Agents Announce 2008 Award Recipients

The Independent Insurance Agents of North Carolina announced its 2008 industry award winners during the 111th IIANC Annual Convention held Oct. 12-15 in Asheville, NC. The 2008 Agent of the Year is J. Rives “Judge” Manning Jr., LUTCF of McCoy-Hackney …

Tennessee’s Appalachian Underwriters Acquires Business Insurance Center

Oak Ridge, Tenn.-based Appalachian Underwriters Inc. acquired the business insurance center assets of NFIB, from MSC Insurance Agency of Tennessee LLC. NFIB is a small business association representing small and independent businesses. The transaction consists of approximately 75 percent workers’ …

Tennessee Underwriter Forms Commercial Brokerage in Florida

Tennessee-based Appalachian Underwriters Inc. established a commercial brokerage division and will open a new office in Sarasota, Fla. to house the new operation. AUI will focus on property and casualty risks that are unique, unusual or require a high capacity. …

BRP, QBE Offer Packaged Liability Policy for Small, Mid-Sized Firms

Companies of all sizes are vulnerable to potentially devastating management, employment and fiduciary liability lawsuits. Even claims filed without merit can result in defense expenses that are financially draining. Private Accord, a new packaged liability policy available through Business Risk …

Illinois Company Involved in Lawsuit Against Brooke Buys 44.3% of Stock

An Illinois company connected to a bank involved in the lawsuit of the parent company of Brooke Corp. has taken control of 44.3 percent of Brooke’s stock. Trim Creek LLC of Crete, Ill., now owns 6.43 million shares of Brooke’s …

$90 Million Lawsuit Filed in Tennessee Fire that Killed 7

Survivors of the seven people killed in an August fire in Memphis, Tenn. have filed a lawsuit seeking $90 million. The Commercial Appeal reported the lawsuit filed in Circuit Court claims electrical problems at the rental property were ignored or …

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. Medi-Tourism Professional Liability Market Detail: Arrowhead Wholesale Insurance Services LLC brings to market a professional …