Aon Consulting announced that Mark Arian has joined the firm as executive vice president and leader of the Aon Consulting Corporate Transactions group, focusing on mergers and acquisitions. Arian and his team will be responsible for helping clients shape strategies …
People
Independent Insurance Agents of North Carolina named Kelley L. Erstine chief executive officer. Erstine assumed the association’s CEO responsibilities Oct. 15 and replaces Bob Bird upon his retirement after 25 years of service to IIANC. Erstine served as executive vice …
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. Eliminate Forced Placed Coverage Market Detail: John-Galt (SafetyNet) introduces a new insurance product eliminating force-placed …
Fatalities Up 50% in Animal-Vehicle Crashes
November is the peak month for vehicle-deer collisions, and a new analysis of insurance claims and federal crash data indicate the problem is growing. The Highway Loss Data Institute (HLDI), an affiliate of the Insurance Institute for Highway Safety (IIHS), …
Wisconsin Dilweg: State Regulation Best for Agents, Consumers
From flooding and tornado catastrophes to the impact of the AIG bailout or the federal versus state regulation debate, Sean Dilweg has a lot on his plate as Wisconsin’s insurance commissioner. Appointed by Wisconsin Governor Jim Doyle on Jan. 1, …
Wisconsin Parents Win $11.4 Million in Malpractice Suit
A Wisconsin jury has awarded the parents of a brain-damaged boy $11.4 million in a medical malpractice case. Chad and Amy Jelinek of Eastman claimed in a 2006 lawsuit that negligent care by a nurse and nurse midwife at Gunderson …
U.S. Treasury Mulls Aid Program for Life, Bond, Mortgage Insurers
The Treasury Department is studying how it could give relief to insurance companies under a $700 billion financial services rescue package, two sources familiar with the deliberations said Friday. The Troubled Asset Relief Program established by Congress earlier this month …
Iowa Receives Additional $23 Million in Federal Disaster Aid
Iowa is set to receive another $23 million in federal money to repair flood damaged roads and bridges. The funds are part of $690 million being divvied up among 28 states by the U.S. Department of Transportation for disaster relief. …
BRP, QBE Offer Packaged Liability Policy for Small, Mid-Sized Firms
Companies of all sizes are vulnerable to potentially devastating management, employment and fiduciary liability lawsuits. Even claims filed without merit can result in defense expenses that are financially draining. Private Accord, a new packaged liability policy available through Business Risk …
Insurers Need to Beware of Business ‘Red Flags’
Identity Theft Rules to Take Effect on November 1 New federal “Red Flag” regulations will soon require businesses of all sizes to have identity theft and data breach protections in place. By Nov. 1, 2008, the date at which the …
