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Jeff Grace has been named president of IMA of Wichita, officials for The IMA Financial Group Inc. announced. Grace joined IMA in 1997 in business development, focusing on the construction practice, and was promoted to sales manager for the Wichita …

Geographers Create U.S. ‘Death Map’ of Natural Event Fatalities

University of South Carolina geographers have produced a map of natural-hazard mortality that gives a county-level representation of the likelihood of dying as the result of natural events such as floods, earthquakes or extreme weather. The map, recently featured in …

A Letter to the President

President Barack Obama recently received the following letter from the Independent Insurance Agents & Brokers of America congratulating him on becoming the 44th President of the United States of America, and encouraging him to preserve the successful state system of …

Increase Traffic to Your Internet ‘Real Estate’

Enhance Your Agency’s Online Visibility Through Search Engine Optimization Nearly half of the United States — more than 163 million people — are using the Internet, according to a recent Nielsen poll. And they are using search engines to research …

States Gear Up for Stimulus Package

Impact on Insurance Industry May be Minimal, Experts Say The $787 billion stimulus package passed by Congress looms as the largest mountain on the country’s newly changed economic landscape. But despite hope that the stimulus bill will jump-start spending, some …

People

Russell R. Oliver, president of Texas Mutual Insurance Co. since 1995, is retiring from the company at the end of August 2009. Oliver notified the Board of Directors in January of his decision to retire this summer. Two years ago, …

Senators Demand Details, Officials Admit Regulatory Gaps on AIG

U.S. regulators failed to spot how much risk insurer AIG was piling on, and by the time they understood, they had no choice but to pour in tens of billions of public dollars, officials said Thursday. At a Senate Banking …

Former Insurance Brokers Sentenced in Louisiana Bribery Scheme

Two major figures, both former insurance brokers, in a wide ranging investigation into corruption at the Orleans Parish School Board have been sentenced in federal court by U. S. District Judge Martin L. C. Feldman, according to an announcement released …

New York Insurance Chief Dinallo’s U.S. Senate Testimony on AIG

Testimony by New York Insurance Superintendent Eric Dinallo to the United States Senate Committee on Banking, Housing and Urban Affairs Hearing on “American International Group: Examining What Went Wrong, Government Intervention, and Implications for Future regulaltion.” I would like to …

Florida Homeowners’ Lawsuit Alleges Defective Chinese Drywall

A group of Florida homeowners sued German drywall maker Knauf Gips KG, its Chinese plasterboard units and several U.S. homebuilders on Monday, alleging contaminated drywall is sickening U.S. homeowners. The lawsuit said defective Chinese-made drywall was used during a building …