November 16, 2009
Virginia Governor Timothy M. Kaine has requested that the Federal Emergency Management Agency (FEMA) send preliminary damage assessment teams to Virginia to help determine damage levels from the recent Nor’easter. “On Saturday, I toured several areas that were affected by …
November 15, 2009
TLLA, Crawford Claims management provider Crawford & Company has acquired certain assets of Technical Loss Adjustment and Appraisal LLC (TLAA) of Chicago. The firm’s five experienced adjusters have joined Crawford’s Global Technical Services organization, Crawford announced. TLAA, established in May …
November 15, 2009
Alan Ring has joined National Contractors Insurance Co., Inc. (NCIC), a risk retention group, headquartered in Big Fork, Montana, as director of sales and marketing. Ring will be based in NCIC’s Anaheim Hills, California, office. Prior to joining NCIC, Ring …
November 15, 2009
Arthur Seifert has joined Southwest Insurance Partners Inc. (SWIP) as chief executive officer of Houston-based Bunker Hill Insurance Agency (BHIA), SWIP’s wholly owned underwriting agency subsidiary. Seifert has been in the insurance industry for more than 30 years. In 1994 …
November 15, 2009
$1 Trillion Price tag for the healthcare bill that recently passed in the House of Representatives. The bill would set up exchanges where people could choose to purchase private plans or a government-run insurance option bitterly opposed by the insurance …
November 15, 2009
White Paper Approved at Fall Meeting with Near-Unanimous Vote The private insurance industry alone ‘cannot be expected to provide comprehensive catastrophe coverage without adequate financial backstops for the most extreme events.’ Although it may seem like the debate over the …
November 15, 2009
Heavy Equipment Theft Now Estimated To Be A Sophisticated $600 Million Business On the last day in September, Jerry Dean Ledford was driving a stolen Ford F-250, and pulling a trailer loaded with a stolen tractor, down Highway 74 in …
November 13, 2009
An influential business group said Thursday that its continued support for President Barack Obama’s healthcare overhaul hinges on whether it slows the soaring growth rate of healthcare costs. The Business Roundtable, which represents some of the largest employers in the …
November 13, 2009
A.M. Best Co. has affirmed the financial strength rating of A’- (Excellent) and issuer credit rating of “a-” of the UK-based Sunderland Marine Mutual Insurance Company Limited (SMMI), both with stable outlooks. Best said it expects SMMI’s risk-adjusted capitalization “to …
November 11, 2009
U.S. Senator John Kerry said Tuesday he will try to “outline” a compromise climate control bill before December’s international global warming conference and U.N. Secretary-General Ban Ki-moon gave an upbeat assessment of Washington’s intentions. “From what I heard today, there …