April 7, 2008
$22 Million The amount of damages caused by a fire at a Florida manufacturing plant, leaving 309 employees out of work, according to Florida Chief Financial Officer Alex Sink. Efrain “Frankie” Castro was arrested on March 13 in Lakes Wales …
April 7, 2008
Shrinking payrolls and receipts exacerbate soft market effects of lower premiums and commissions Southeast insurance agents do not all agree the economy is in a recession or on the causes of the slumping economy, but they do agree the dominoes …
April 7, 2008
Max Specialty Max Specialty Insurance Co., of Richmond, Virginia, the U.S. excess and surplus lines unit of the Bermuda-based Max Capital Group Ltd., has agreed to acquire a U.S.-based admitted insurance company licensed to write business in all 50 states …
April 3, 2008
Ohio Casualty, a Liberty Mutual Agency Markets regional company, today announced the introduction of Custom Protector, a commercial lines product that offers more built-in coverages with significantly expanded eligibility. Custom Protector is available to small to mid-sized businesses with receipts …
April 1, 2008
A bright yellow beacon of the past, a lovingly restored train depot along the Chesapeake & Ohio Railroad in West Virginia, is gone after 107 years. Fire destroyed the station in Marlinton, W. Va., listed on the National Register of …
March 26, 2008
Massey Energy has been fined nearly $4,500 for safety violations the state says contributed to a fatal accident at a West Virginia coal mine. Office of Miners’ Health, Safety and Training inspectors found the violations while investigating the Dec. 4 …
March 25, 2008
A Wyoming County, W. Va. man pleaded Monday guilty to one misdemeanor count of wrongfully seeking workers compensation benefits in an amount less than $1000, according to West Virginia Insurance Commissioner, Jane L. Cline. Charles R. Blessard, 37, of Oceana, …
March 25, 2008
On the verge of an open competitive environment in West Virginia’s workers’ compensation insurance market, the state’s insurance commission scheduled a forum for insurers seeking information. Insurance Commissioner, Jane L. Kline, in conjunction with the National Council on Compensation Insurance …
March 25, 2008
BrickStreet Insurance’s profit from running West Virginia’s workers’ compensation program more than doubled in its second year of business, but those heady days could be ending. In July, the company will face competition from other insurers for the first time. …
March 24, 2008
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. Contractors Nuts & Bolts: Lemac & Associates, a division of Risk Placement Services, Inc., is …