Insurance Journal » Southeast News http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Fri, 01 Aug 2014 18:00:15 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.1 Broker-Dealer Buys Alabama Wholesale Broker for $42M http://www.insurancejournal.com/news/southeast/2014/08/01/336512.htm Fri, 01 Aug 2014 15:58:59 +0000 http://www.insurancejournal.com/?p=336512 Miami-based broker-dealer Ladenburg Thalmann Financial Services Inc. said it has acquired Highland Capital Brokerage Inc., an independent life, annuities and long term care insurance brokerage, for $42 million. Highland, which is headquartered in Birmingham, Alabama,  provides point-of-sale support along with …

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Florida’s Federated National Seeks $40M in IPO http://www.insurancejournal.com/news/southeast/2014/08/01/336508.htm Fri, 01 Aug 2014 15:31:55 +0000 http://www.insurancejournal.com/?p=336508 Federated National Holding Co., a Florida-based property/casualty insurer, announced that it has priced an underwritten public offering of 2,051,283 shares of its common stock at a price to the public of $19.50 per share for gross proceeds of $40.0 million. …

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Today Is Court Deadline for West Virginia Chemical Spill Claims http://www.insurancejournal.com/news/southeast/2014/08/01/336501.htm Fri, 01 Aug 2014 14:32:34 +0000 http://www.insurancejournal.com/?p=336501 Time is running out for residents and businesses affected by a January chemical spill in Charleston to file claims in federal bankruptcy court. Claims must be filed with U.S. Bankruptcy Court in Charleston by today, Aug.1 . Forms can be …

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Kentucky School Districts Being Assessed for Insurance Trust Gone Bust http://www.insurancejournal.com/news/southeast/2014/08/01/336495.htm Fri, 01 Aug 2014 13:51:16 +0000 http://www.insurancejournal.com/?p=336495 Some Kentucky school districts have started getting bills over the past couple of weeks to help offset insurance claims against the failed Kentucky School Boards Insurance Trust. The trust announced last year that it would disband due to financial woes …

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Obama Climate Rules Unpopular in GOP South http://www.insurancejournal.com/news/southeast/2014/07/31/336308.htm Thu, 31 Jul 2014 15:03:05 +0000 http://www.insurancejournal.com/?p=336308 In the Republican-heavy Southeast, critics said this week that a plan by President Barack Obama’s administration to cut pollution would raise electricity prices, result in job losses and may not significantly curtail the carbon emissions blamed for global warming. The …

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Florida Doctors, Health Firms to Appeal ‘Docs vs. Glock’ Gun Speech Law http://www.insurancejournal.com/news/southeast/2014/07/31/336298.htm Thu, 31 Jul 2014 14:45:51 +0000 http://www.insurancejournal.com/?p=336298 Doctors and health care providers challenging a Florida gun law say they will appeal a recent decision to uphold the measure. A federal appeals court last week ruled that the law restricting what doctors can tell patients about gun ownership …

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Doctors, Hospital Deny Medical Malpractice in Alabama Man’s Circumcision http://www.insurancejournal.com/news/southeast/2014/07/30/336151.htm Wed, 30 Jul 2014 14:28:38 +0000 http://www.insurancejournal.com/?p=336151 Two doctors deny claims by an Alabama man who says his penis was amputated during what was supposed to be a routine circumcision, one of their lawyers said. Defense lawyer Will Axon said allegations in a lawsuit filed this week …

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Florida 1.3% Hurricane Tax to End in January http://www.insurancejournal.com/news/southeast/2014/07/30/336147.htm Wed, 30 Jul 2014 14:21:02 +0000 http://www.insurancejournal.com/?p=336147 Florida regulators announced they are ending a 1.3 percent assessment on property insurance premiums 18 months ahead of schedule. The monies had been used to pay off bonds issued by the state’s hurricane catastrophe fund in 2010. The Florida Hurricane …

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Freedom Industries Pays $11,000 Fine in West Virginia Chemical Spill http://www.insurancejournal.com/news/southeast/2014/07/30/336145.htm Wed, 30 Jul 2014 14:03:12 +0000 http://www.insurancejournal.com/?p=336145 The company that spilled chemicals into West Virginia’s largest water supply has paid an $11,000 fine for a pair of violations. The Labor Department’s Occupational Safety and Health Administration fined Freedom Industries $7,000 earlier this month for keeping storage tanks …

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Mississippi Fish Plant Explosion Kills 1, Injures 3 http://www.insurancejournal.com/news/southeast/2014/07/30/336143.htm Wed, 30 Jul 2014 14:01:01 +0000 http://www.insurancejournal.com/?p=336143 One person has been killed and three others were injured in an explosion Monday at a fish processing plant in Moss Point on the Mississippi coast. Omega Protein spokesman Ben Landry said the incident occurred about 9:30 a.m. while employees …

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West Virginia Drawing Up List of Dangerous Animals http://www.insurancejournal.com/news/southeast/2014/07/29/336021.htm Tue, 29 Jul 2014 14:18:26 +0000 http://www.insurancejournal.com/?p=336021 A board tasked with compiling a list of animals that are illegal to keep as pets in West Virginia will consider one that’s shorter than a list suggested earlier. Media outlets report the state Wild and Dangerous Animal Board will …

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Weekend Storm Destroys Homes in Tennessee; No Injuries Reported http://www.insurancejournal.com/news/southeast/2014/07/29/336016.htm Tue, 29 Jul 2014 14:13:21 +0000 http://www.insurancejournal.com/?p=336016 Powerful storms that raked across several states in the eastern U.S. on Sunday destroyed at least 10 homes in Tennessee, but there were no immediate reports of any deaths or injuries, authorities said. Spokeswoman Gina Breeding with the office of …

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Alabama Whistleblower Wins Supreme Court Appeal But Not Job or Back Pay http://www.insurancejournal.com/news/southeast/2014/07/29/335926.htm Tue, 29 Jul 2014 09:30:06 +0000 http://www.insurancejournal.com/?p=335926 Edward Lane’s Supreme Court victory in a landmark whistleblower case doesn’t change the fact he lost his state job and more than half his income while helping convict a state legislator of getting paid for not working. Lane said other …

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Judge Upholds Florida Law Curbing Doctors’ Gun Speech with Patients http://www.insurancejournal.com/news/southeast/2014/07/28/335932.htm Mon, 28 Jul 2014 15:38:36 +0000 http://www.insurancejournal.com/?p=335932 A Florida law restricting what doctors can tell patients about gun ownership was deemed to be constitutional by a federal appeals court, which said it legitimately regulates professional conduct and doesn’t violate the doctors’ First Amendment free speech rights. The …

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Zimmerman to Appeal Florida Judge Dismissal of Defamation Claim Against NBC http://www.insurancejournal.com/news/southeast/2014/07/28/335929.htm Mon, 28 Jul 2014 15:30:26 +0000 http://www.insurancejournal.com/?p=335929 George Zimmerman has filed a notice to appeal the dismissal of his defamation lawsuit against NBC Universal and three reporters. The appeal notice was filed with the Seminole County Clerk of Courts. Judge Debra Nelson on June 30 dismissed Zimmerman’s …

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Federated National Launching Another Florida Home Insurer, Monarch National http://www.insurancejournal.com/news/southeast/2014/07/28/335893.htm Mon, 28 Jul 2014 13:06:03 +0000 http://www.insurancejournal.com/?p=335893 Florida homeowners’ insurer Federated National Holding Co. and the Canadian bank and investment manager C.A. Bancorp Inc. have agreed to form a new Florida-based homeowners insurance carrier to be named Monarch National Insurance Co. Both FNHC and C.A. Bancorp are …

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North Carolina House, Senate At Odds Over Insurance Mandate in Moped Bill http://www.insurancejournal.com/news/southeast/2014/07/27/335875.htm Mon, 28 Jul 2014 00:50:43 +0000 http://www.insurancejournal.com/?p=335875 The North Carolina House last week rejected a bill requiring insurance for moped drivers. The House voted 51-54 against concurring on a Senate version of a bill that would have required insurance and registration with the state. The insurance requirement …

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Insurers File for 9.1% West Virginia Workers’ Compensation Loss Cost Decrease http://www.insurancejournal.com/news/southeast/2014/07/25/335817.htm Fri, 25 Jul 2014 16:23:26 +0000 http://www.insurancejournal.com/?p=335817 The National Council on Compensation Insurance (NCCI) has filed a proposed reduction in workers’ compensation loss cost rates in West Virginia – the tenth reduction in 10 years. NCCI, West Virginia’s rating agent, has proposed an overall 9.1 percent loss …

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Miami Seaquarium Fined Over Safety Conditions for Killer Whale Trainers http://www.insurancejournal.com/news/southeast/2014/07/25/335807.htm Fri, 25 Jul 2014 15:09:29 +0000 http://www.insurancejournal.com/?p=335807 The Miami Seaquarium has been issued a $7,000 fine for allowing trainers to work with a killer whale without sufficient protections. The Occupational Safety and Health Administration issued the citation earlier this month. The citation is considered “serious” by the …

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Florida Drunk Driver Run Over By Own Vehicle http://www.insurancejournal.com/news/southeast/2014/07/25/335800.htm Fri, 25 Jul 2014 13:26:23 +0000 http://www.insurancejournal.com/?p=335800 Police said an intoxicated man was run over by his own pickup truck after he got into a road rage incident during a rainstorm. The incident happened Tuesday evening in Gainesville, Florida. The Gainesville Sun reported 48-year-old Joseph Carl drove …

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North Carolina’s Pittman Agency Joins Iroquois Group http://www.insurancejournal.com/news/southeast/2014/07/24/335711.htm Thu, 24 Jul 2014 15:46:29 +0000 http://www.insurancejournal.com/?p=335711 The Dan Pittman Insurance Agency Inc. of Windsor, North Carolina, has joined The Iroquois Group network, according to Ann A. Harmon, agency principal, and Iroquois. The independent insurance agency joined Iroquois on July 15, according to the announcement. Iroquois lists …

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Markel Ventures Acquires Georgia Auto Transport Equipment Firm http://www.insurancejournal.com/news/southeast/2014/07/24/335701.htm Thu, 24 Jul 2014 14:05:58 +0000 http://www.insurancejournal.com/?p=335701 Markel Ventures Inc. has acquired a majority interest in Cottrell Inc. of  Gainesville, Georgia, a firm that designs and manufactures over-the-road automobile transport equipment. Terms of the transaction were not disclosed. Markel Ventures is a wholly-owned subsidiary of specialty insurer …

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Jury Says Florida Church Must Pay Burn Victim http://www.insurancejournal.com/news/southeast/2014/07/24/335699.htm Thu, 24 Jul 2014 13:57:28 +0000 http://www.insurancejournal.com/?p=335699 Jurors in Florida have determined that the Agape Baptist Church must pay $471,798.50 to a man who was severely burned after setting fire to a pile of trash while working off community service hours. The verdict in Ocala includes $300,000 …

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Campbell Named South Carolina Workers’ Compensation Commissioner http://www.insurancejournal.com/news/southeast/2014/07/24/335697.htm Thu, 24 Jul 2014 13:53:49 +0000 http://www.insurancejournal.com/?p=335697 Gov. Nikki Haley has appointed Mike Campbell to serve on the South Carolina Workers’ Compensation Commission. Haley cited Campbell’s business experience and community involvement in the appointment. Campbell, a business development consultant and son of the late Gov. Carroll Campbell, …

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Emig Joins IFG Companies’ Property Unit in Atlanta Office http://www.insurancejournal.com/news/southeast/2014/07/24/335639.htm Thu, 24 Jul 2014 10:00:32 +0000 http://www.insurancejournal.com/?p=335639 James E. Emig has joined IFG Companies as director of its Bind Property unit, where he will be responsible for property and package business across the United States. Emig will be based in IFG’s Atlanta office. He joins IFG Companies after …

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First Guard Insurance Names Wilson President http://www.insurancejournal.com/news/southeast/2014/07/23/335636.htm Wed, 23 Jul 2014 17:54:08 +0000 http://www.insurancejournal.com/?p=335636 First Guard Insurance Co., a Venice, Fla.-based direct writer of physical damage and non-trucking liability insurance for leased owner operators, announced that Courtney M. Wilson has been named president. Wilson succeeds Donna Fortuna who was elected president in 2007. Fortuna …

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Court Rules Mississippi Casino Not Liable for Death of Drunk Patron http://www.insurancejournal.com/news/southeast/2014/07/23/335546.htm Wed, 23 Jul 2014 13:29:19 +0000 http://www.insurancejournal.com/?p=335546 A federal appeals court has declined to allow the family of Bryan Lee Glenn to pursue a wrongful death lawsuit that alleges a Biloxi, Mississippi, casino kept serving drinks to the man while he was drunk. Glenn, 30, collapsed in …

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Perdue Beats Kingston to Grab Georgia’s Republican Senate Nomination http://www.insurancejournal.com/news/southeast/2014/07/23/335544.htm Wed, 23 Jul 2014 13:22:23 +0000 http://www.insurancejournal.com/?p=335544 Former Dollar General Corp. Chief Executive Officer David Perdue has won the primary for Georgia’s Republican U.S. Senate nomination, beating insurance agent and current Congressman Jack Kingston in a close contest. With all precincts reporting in yesterday’s runoff race, Perdue …

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West Virginia Fire Department Members Accused of Forging Documents http://www.insurancejournal.com/news/southeast/2014/07/23/335542.htm Wed, 23 Jul 2014 13:14:54 +0000 http://www.insurancejournal.com/?p=335542 The West Virginia Fire Marshal’s Office is accusing members of a volunteer fire department in Wharton with forging state documents. The office said it has filed felony criminal complaints against fire officer Ira Rash and fire chief Robert Rash of …

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Alabama’s Volunteer Fire Departments Not Alone in Recruiting Struggles http://www.insurancejournal.com/news/southeast/2014/07/22/335479.htm Tue, 22 Jul 2014 16:17:32 +0000 http://www.insurancejournal.com/?p=335479 They’re often the first ones on the scene of major emergencies, but their numbers appear to be dwindling. Volunteer firefighters help communities in ways both obvious — fighting fires—  and overlooked — improving communities’ home insurance rates through ISO ratings. …

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