Virginia News

Business Moves

Ironshore, Distinguished Programs Bermuda-based specialty insurer Ironshore Inc. and New York-based program administrator Distinguished Programs Group LLC have formed a joint venture acquisition vehicle targeting the managing general underwriter and program manager segments of the insurance distribution business. IDP Holdings …

300 Homes to Be Repaired in Settlement With Chinese Drywall Firm

A Chinese drywall manufacturer has agreed to participate in the remediation of up to 300 homes in Alabama, Mississippi, Louisiana and Florida that were contaminated by faulty drywall. The agreement reached with Knauf Plasterboard Tianjin (KPT) in Chinese Drywall multidistrict …

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. Environmental Services Market Detail: Swett & Crawford offers coverage for contractors or consultants providing environmental …

Virginia Firm Eyes High Tech Fix for Distracted Driving

Despite a public outcry over drivers who text, talk and e-mail that has prompted dozens of states to ban the practice, enforcing those laws is proving difficult. But Matthew Howard, co-founder and CEO of ZoomSafer, has created a novel way …

Virginia Tech Gets $825K to Research Home Construction Safety

Two Virginia Tech professors have been awarded an $825,000 federal research grant aimed at reducing falls on residential construction sites. The grant from the National Institute for Occupational Safety and Health will focus on adapting industry safety equipment for use …

Sensors Show Football Helmets Should Vary by Player’s Position

Dr. Gunnar Brolinson wonders if football helmets should be position-specific. Meaning a lineman’s helmet would be different than a defensive back’s helmet or one used by a quarterback. After all, the head impacts that each player sustains while playing vary …

People

Insurance broker Marsh has added five industry veterans – four from competing broker Aon – to its private equity and mergers and acquisitions practice. James O’Brien, Jason Hawkins and Craig Warnke join Marsh as managing directors, and Jim Beatty and …

Business Moves

IMS, London American Risk Specialists IMS Insurance Market Solutions acquired Houston-based London American Risk Specialists Inc. effective Sept. 1, 2010. The combined entity will become IMS/London American and will be one of the largest independent multi-line managing general agencies in …

The Power of More

Why the Time is Right for Agency Networks They go by many names — networks, alliances, franchises, clusters and aggregators — but all have similar goals. Aggregator groups have been around the insurance industry for more than three decades but …

West Virginia Fire Department Insurance Falls Short

Sissonville, West Virginia Volunteer Fire Department officials say they still need to raise about $450,000 to replace a fire station and three fire trucks destroyed in a blaze. Fire department secretary Tom Miller says a $955,690 insurance settlement is well …