Southeast News

Florida Completes $1.2B Revenue Bond Sale

Florida completed a $1.2 billion in revenue bond sale on Feb. 8 issued by the State Board of Administration Finance Corporation, formerly known as the Florida Hurricane Catastrophe Fund (FHCF). The fund is designed to help private insurers pay claims …

Tennessee Insurance Commissioner McPeak Elected as VP of NAIC

Tennessee Department of Commerce & Insurance (TDCI) Commissioner Julie Mix McPeak was elected as vice president of the National Association of Insurance Commissioners (NAIC), the nation’s insurance regulatory support organization. McPeak was elected vice president after a Feb. 7 special …

JLT Specialty USA Appoints Segall to Construction Practice Based in Atlanta

JLT Specialty USA has appointed Jeff Segall as SVP and Construction Risk leader in JLT’s U.S. Construction Practice. Segall will join JLT’s team working with large construction projects, including power stations, infrastructure projects, office blocks and sports stadia. He will …

Future of Tennessee Workers’ Comp Option in Question Amid Lawmaker Scandal

Legislation to create a workers’ compensation alternative in Tennessee is already facing serious setbacks in the just started legislative session, despite being amended in 2015 and refiled in 2016. An emerging scandal involving one of the lawmakers sponsoring the bill …

Tennessee Malpractice Law Being Challenged Over Soldier’s Suicide

A recent federal appeals court opinion could aid a Tennessee military widow’s efforts to hold the federal government responsible for her husband’s suicide. The 6th Circuit U.S. Court of Appeals has sent a case involving Scott Walter Eiswert back to …

Florida Fights Back Against Assignment of Benefits Abuse

Florida insurers, consumer and insurance advocates, as well as regulators, are hoping 2016 may finally be the year that legislators address the misuse of assignment of benefits (AOB) for water loss claims that they say has become a rampant and …

Company Responsible for West Virginia Chemical Receives ‘Symbolic’ Fine

A bankrupt chemical company responsible for a spill that contaminated a West Virginia river and fouled the drinking water supply of 300,000 residents was fined $900,000 on pollution charges Feb. 4, with a judge noting that Freedom Industries likely could …

4 Arrests Made in Long-Running Alabama Insurance Fraud Operation

Investigating officers from the Alabama Department of Insurance, Fire Marshal and Fraud Divisions announced the arrests of four suspects for allegedly staging structure fires, automobile accidents, vandalism, and personal injury “accidents” in order to receive fraudulent monetary claims from insurance …

Numerous Tornadoes Strike Southeast, Damage More Than 90 Homes

The National Weather Service says at least four tornadoes struck rural areas of western Alabama on Tuesday. NWS reports four tornadoes also touched down Tuesday in eastern Mississippi. Officials say an EF2 tornado struck the McMullen community in Pickens County, …

Tennessee Disciplines 3 Insurance Agents for Violations, Fraudulent Conduct

The Tennessee Department of Commerce & Insurance (TDCI) announced disciplinary actions against three former Tennessee licensees for the intentional misrepresentation of policy terms, forgery, and the use of fraudulent conduct in the business of insurance. The punishments were the result …

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