Tennessee News

Road Danger: Thousands of Medically Unfit Commercial Drivers Still Trucking on U.S. Roads

Hundreds of thousands of tractor-trailer and bus drivers in the United States carry commercial driver’s licenses despite also qualifying for full federal disability payments, and some of those drivers have suffered seizures, heart attacks or unconscious spells, according to a …

Stunning Workers’ Comp for Cops in Tennessee

Police in Brownsville, Tenn. will soon be armed with electric stun devices. Mayor Webb Banks said officials realize the weapons are controversial, but if police tell people they have them, officials believe officers won’t have to use them. Banks said …

People

Jacksonville, Florida-based insurer The Main Street America Group named Joe Meholic president of its Richmond, Virginia region. In his new role as regional president, Meholic will be accountable for the direction, management and performance of the Richmond region, which encompasses …

Business Moves

Tokio Marine, Philadelphia Insurance Japan’s Tokio Marine Holdings, Inc. has agreed to acquire Philadelphia Consolidated, a U.S. property/casualty insurance company offering specialty commercial property and casualty insurance to targeted markets. The total transaction value is approximately $4.7 billion. It is …

People

Richard “Dick” Reynolds, former chairman and executive director of the Texas Workers’ Compensation Commission, was presented the Raymond Mauk Leadership Award at the Insurance Council of Texas’ 16th Annual Mid-Year Property and Casualty Symposium on July 17 in Austin. Reynolds …

Agents Weigh Independence, Commissions, Markets When Choosing Agency Networks

Rising Costs, Soft Market Cause Agents to Consider Network Options Maintaining their independence while gaining access to resources and markets are what independent agents consider when deciding whether to join an insurance agency network and which one to join. The …

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. Personal Umbrella – Hard-To-Place Clients Market Detail: International Excess Agency Inc. offers several specialized personal …

Selective Insurance Touts Q2 Workers’ Comp Improvement, Mass. Expansion

Selective Insurance reported that new premiums declined for the second quarter while workers’ compensation results improved and its recent expansion into the commercial markets in Massachusetts and Tennessee is going well. Selective’s second quarter 2008 results, compared to second quarter …

Tennessee Utility, College Get Federal Relief for Tornado Damage

The federal government approved $5.7 million in disaster assistance funding for two Tennessee institutions that suffered tornado damage, Gov. Phil Bredesen said. These grants are part of the federal Public Assistance program administered by FEMA for declared federal disasters in …

Insurance Payments Fall Short of Repair Costs after Tennessee Tornado

Tennessee officials razed fairgrounds bleachers damaged by a tornado in Clarksville, Tennessee. Parks and Recreation Director Kevin Cowling said the tornado on May 3 moved parts of the concrete bleachers 2 inches. A structural engineer determined they were unsafe. City …