Tennessee News

National Association of Insurance Women Formed From Need for Education

NAIW International took root in 1938, when Elsie B. Mayer and C. Bertha Rachofsky joined nine other Denver insurance women to form an organization for insurance education purposes, according to NAIW International. The two most challenging aspects facing Insurance Women …

Injury Hotspots From Coast to Coast

Workplaces are getting safer each year; but that doesn’t mean the cost of workers’ comp coverage will decline Ongoing efforts to curb workplace injuries have made substantial progress in most parts of the country. That’s good news for employees, of …

Update: Alabama Governor to Sign Bill Raising Auto Insurance Requirements

Some Alabama motorists may need to buy more auto liability insurance in a few months. Gov. Bob Riley said he intends to sign legislation raising Alabama’s minimum insurance requirements for the first time in 25 years. The Legislature approved a …

Nine Catastrophes to Cost P/C Insurers $3 Billion in First Quarter

U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $3.35 billion for first-quarter property losses resulting from nine catastrophes. The nine events identified as catastrophes by the Property Claim Services (PCS) unit of Insurance Services Office include …

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. Pizza Delivery Program Market Detail: IPC offers hired and non-owned auto coverage for food delivery …

Cafeterias Cooking Up Explosive Sales, Expansion in Restaurant Market

There are more than a half million enterprises in the restaurant and bars market generating approximately $5.5 billion in all lines premium. This is a sector that has enjoyed generally solid to exceptional growth in sales and employment in recent …

Liability Costs for Long Term Care Industry Stabilize, Aon Reports

An Aon Corp. analysis of liability in the long term care industry found for the first time in nine years of reporting that liability costs are stable on a national average basis. The study found that average general liability and …

Damages Mount, Again, in Storm-battered South Central States

As the town of Picher, Okla., begins to climb out of the wreckage of the deadly tornado that swept across Southeastern Oklahoma and into Missouri and beyond over the May 10 weekend, some are predicting that the town may not …

FedEx Holder Sues Board over Contractor Classification Problems

A shareholder of FedEx Corp filed a lawsuit against the package delivery company’s board last Thursday alleging the directors exposed the company to damages by misclassifying employees as contractors. A FedEx spokesman dismissed the lawsuit as frivolous. The lawsuit was …

Burn Victim Sues Owner of Tennessee Oil Well that Exploded

A man who was seriously burned when an Anderson County, Tenn. oil well exploded as he was driving past is suing the company and its owner for $4.5 million, claiming negligence. The well near Oliver Springs, Tenn., ignited March 19 …