Tennessee News

Tennessee to Register Scrap Metal Dealers

Tennessee’s Department of Commerce and Insurance will be promulgating rules for a scrap metal marking system, uniform terminology to describe the metals most commonly sold as scrap and a system for registering scrap metal dealers. The new law, which aims …

Declarations

Picking Up Non-Renewals “I feel confident that the people on the Gulf Coast that have been canceled by State Farm will be able to buy insurance from Allstate and Nationwide and others that I have not announced.” —Mississippi Insurance Commissioner …

People The National Association of Professional Insurance Agents (PIA) has announced the promotion of Mike Becker to director of federal affairs. Since joining PIA, Becker has managed the day-to-day responsibilities associated with running the Professional Insurance Agents Political Action Committee, …

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. International Energy Package Market Detail: MarketScout provides a market for clients needing coverage for foreign …

Pinnacle Acquires Beach & Gentry Insurance in Tennessee

Pinnacle Financial Partners Inc. has acquired Murfreesboro, Tenn.-based Beach & Gentry Insurance LLC. Terms were not disclosed. The company said that Beach & Gentry will merge with Miller & Loughry Insurance & Services Inc., a wholly-owned subsidiary of Pinnacle Financial …

Allstate Study: Sioux Falls Safest Driving City for Third Year

An insurance study has once again found that Sioux Falls has the safest drivers in the nation, marking the third straight year that South Dakota’s largest city has topped the list. Researchers with Allstate Insurance Co. analyzed two years of …

Imprisoned Tennessee Insurance Executive Charged with Bribery

A former Tennessee insurance executive is accused of trying to buy his way out of prison. Federal authorities charged James Michael Foley of Germantown last week with bribery of a government official and obstruction of justice. Drug Enforcement Administration agent …

America’s Safest Drivers Travel the Roads in America’s Heartland

Residents in Sioux Falls, S.D., continued to top the chart as the safest drivers in the U.S., according to the fourth annual Allstate America’s Best Drivers Report. The average driver in Sioux Falls experiences an auto collision every 14.6 years. …

Tennessee Highway Patrol Cracking Down on Dangerous Driving

The Tennessee Highway Patrol began a summer crackdown on drivers who speed, drive while impaired or do not use safety belts. The initiative the state kicked off on June 26 is called “100 Days of Summer HEAT (Highway Enforcement of …

N.Y. Governor Supports Easing Rules for Foreign Reinsurers

New York will hire more minority- and women-owned debt underwriters, lawyers and risk managers and ease regulatory barriers that are “openly discriminating” against foreign reinsurers, Democratic Gov. David Paterson told reporters Thursday. Paterson, the state’s first black governor, who is …