Insurance Journal » Southeast News http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Tue, 02 Sep 2014 18:42:43 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.2 Florida’s Citizens No Longer ‘Out of Control,’ Says CEO Defending Rate Cut http://www.insurancejournal.com/news/southeast/2014/09/02/339189.htm Tue, 02 Sep 2014 15:10:48 +0000 http://www.insurancejournal.com/?p=339189 Its successes in reducing its insured population and securing low cost catastrophic coverage are driving the request by Florida’s state-backed property insurer for a statewide average 2.9 percent decrease on residential policies. Citizens Property Insurance Corp. officials in a public …

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Wallace Jumps from Willis to Marsh in Atlanta http://www.insurancejournal.com/news/southeast/2014/09/02/339183.htm Tue, 02 Sep 2014 14:15:15 +0000 http://www.insurancejournal.com/?p=339183 Insurance broker and risk consultant Marsh reported that Thadd Wallace has joined the firm as a managing director in the Global Risk Management Practice in Atlanta. In this role, Wallace will work with Don Bailey, head of industry and sales …

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South Carolina Ex-Lawmaker Viers Pleads Not Guilty in Contractor Insurance Case http://www.insurancejournal.com/news/southeast/2014/09/02/339156.htm Tue, 02 Sep 2014 09:50:07 +0000 http://www.insurancejournal.com/?p=339156 A lawyer for a former South Carolina House member said he may not have realized what he was doing was wrong when he moved around the assets of a businessman who an insurance company was pursuing after he defaulted on …

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Florida Judge Sentences Mastermind of $800M Fraud Scheme to 20 Years http://www.insurancejournal.com/news/southeast/2014/09/02/339153.htm Tue, 02 Sep 2014 09:30:15 +0000 http://www.insurancejournal.com/?p=339153 The man who masterminded an $800 million insurance scam that fleeced tens of thousands of investors in one of Florida’s all-time largest fraud schemes was sentenced Friday to 20 years in prison. U.S. District Judge Robert Scola gave Joel Steinger, …

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South Carolina Employee Scores Workers’ Compensation Win for Kickball Injury http://www.insurancejournal.com/news/southeast/2014/08/29/339031.htm Fri, 29 Aug 2014 14:09:39 +0000 http://www.insurancejournal.com/?p=339031 The South Carolina Supreme Court ruled this week that an employee injured during a company kickball game is entitled to workers’ compensation benefits. The court found that Stephen Whigham’s kickball injury was covered by workers’ compensation because he was “impliedly …

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DuPont Hit with $1.3 Million Penalty for Multiple West Virginia Chemical Leaks http://www.insurancejournal.com/news/southeast/2014/08/29/339029.htm Fri, 29 Aug 2014 13:24:30 +0000 http://www.insurancejournal.com/?p=339029 DuPont will pay a fine of $1.275 million to settle a federal complaint over eight chemical releases from a Kanawha County production facility, one of which killed a worker. The Department of Justice and U.S. Environmental Protection Agency said the …

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Third-Party Bad Faith Claims Add $800M to Florida Auto Insurance Costs: IRC http://www.insurancejournal.com/news/southeast/2014/08/28/338937.htm Thu, 28 Aug 2014 15:48:00 +0000 http://www.insurancejournal.com/?p=338937 Florida’s third-party bad-faith lawsuit environment may have resulted in more than $800 million in additional auto liability claim payments in 2013. The industry-supported Insurance Research Council (IRC) in a new report estimates that this cost averages approximately $79 in additional …

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‘Hot Work’ Near Tank Cited in Report on Mississippi Fish Plant Explosion http://www.insurancejournal.com/news/southeast/2014/08/27/338892.htm Thu, 28 Aug 2014 02:05:23 +0000 http://www.insurancejournal.com/?p=338892 A fatal explosion at a fish processing plant on the Mississippi Coast happened when sparks ignited a volatile mixture in a tank, safety officials said this week. U.S. Chemical Safety Board Chairman Rafael Moure-Eraso said in a news release that …

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North Carolina Fraternity Hazing Lawsuit Dismissed http://www.insurancejournal.com/news/southeast/2014/08/27/338890.htm Thu, 28 Aug 2014 02:03:35 +0000 http://www.insurancejournal.com/?p=338890 A lawsuit stemming from the death of a former High Point University student has been dismissed against all remaining plaintiffs. The High Point Enterprise reported the case was dismissed last week against Michael Qubein, son of school President Nido Qubein. …

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N.C. Authorities Announce Arrests for Alleged Insurance Fraud Schemes http://www.insurancejournal.com/news/southeast/2014/08/27/338876.htm Thu, 28 Aug 2014 00:56:58 +0000 http://www.insurancejournal.com/?p=338876 North Carolina Insurance Commissioner Wayne Goodwin announced this week charges stemming from two alleged insurance fraud schemes. Authorities said Eric Delano Smith was arrested on Aug. 20 and charged with five counts of insurance fraud, four counts of obtaining property …

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FEMA Reimburses West Virginia Entities for Chemical Spill Costs http://www.insurancejournal.com/news/southeast/2014/08/27/338761.htm Wed, 27 Aug 2014 16:54:17 +0000 http://www.insurancejournal.com/?p=338761 The Federal Emergency Management Agency has reimbursed $1.4 million to local and state governments, hospitals and some non-profit groups for costs related to January’s chemical spill in Charleston, West Virginia. The Charleston Daily Mail reports FEMA assistance has been awarded …

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South Carolina’s Companion P&C to Be Acquired by Enstar Group http://www.insurancejournal.com/news/southeast/2014/08/27/338729.htm Wed, 27 Aug 2014 16:21:55 +0000 http://www.insurancejournal.com/?p=338729 Enstar Group Limited in Bermuda said Tuesday it has entered into a definitive agreement to acquire Companion Property and Casualty Insurance Company from Blue Cross and Blue Shield of South Carolina. The total consideration for the transaction will be $218 …

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Kentucky Workers’ Comp Loss Costs to Decrease Overall for 9th Straight Year http://www.insurancejournal.com/news/southeast/2014/08/27/338696.htm Wed, 27 Aug 2014 15:04:47 +0000 http://www.insurancejournal.com/?p=338696 In Kentucky, workers’ compensation loss costs used by insurers in figuring rates to charge employers will show an overall decrease for the ninth straight year. Kentucky Insurance Commissioner Sharon P. Clark announced today that the state’s Department of Insurance has …

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Keystone Insurers Group Adds Georgia’s Moore Insurance Agency http://www.insurancejournal.com/news/southeast/2014/08/27/338692.htm Wed, 27 Aug 2014 14:26:37 +0000 http://www.insurancejournal.com/?p=338692 Keystone Insurers Group has added Perry, Georgia-based Moore Insurance Agency as its 18th franchise partner in the state. The announcement was made by Moore Insurance Agency President Mike Moore and Keystone’s Georgia Vice President Kaye Garruto. Established by Herbert Moore …

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6 Southeast States Participating in DUI Campaign http://www.insurancejournal.com/news/southeast/2014/08/26/338626.htm Tue, 26 Aug 2014 16:52:11 +0000 http://www.insurancejournal.com/?p=338626 Law enforcement officials in six Southeast states launched their 23rd annual “Hands Across the Border” campaign aimed at catching motorists driving under the influence. Sunday, August 24, was the official start of the six-day campaign, which includes law enforcement agencies …

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NCCI Proposes Average Workers’ Comp Rate Decrease of 2.5% in Florida http://www.insurancejournal.com/news/southeast/2014/08/26/338594.htm Tue, 26 Aug 2014 16:22:12 +0000 http://www.insurancejournal.com/?p=338594 Florida’s Office of Insurance Regulation announced it received the 2015 Florida workers’ compensation rate filing by the National Council on Compensation Insurance (NCCI), which proposes a statewide average rate decrease of 2.5 percent — the first decrease in four years. …

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Tenn. State Senator, Insurance Agent Tracy Concedes in Congressional Primary http://www.insurancejournal.com/news/southeast/2014/08/26/338569.htm Tue, 26 Aug 2014 15:40:15 +0000 http://www.insurancejournal.com/?p=338569 Tennessee’s Republican state senator who challenged scandal-plagued U.S. Rep. Scott DesJarlais conceded his 38-vote primary loss to the incumbent on Monday, saying he decided not to challenge the results. Jim Tracy said in a news release that he had decided …

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Florida Reports Record Number of Prescribed Burns http://www.insurancejournal.com/news/southeast/2014/08/25/338534.htm Mon, 25 Aug 2014 16:45:35 +0000 http://www.insurancejournal.com/?p=338534 Florida state officials say they’ve overseen a record number of prescribed burns over the past year. The Florida Forest Service reported prescribed fires covering more than 2.5 million acres. The Florida Department of Agriculture and Consumer Services says that’s one …

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Audit Says Georgia’s Cobb County Owes FEMA $558,000 http://www.insurancejournal.com/news/southeast/2014/08/25/338526.htm Mon, 25 Aug 2014 16:37:37 +0000 http://www.insurancejournal.com/?p=338526 A federal audit says Cobb County in Georgia must repay about $558,000 it received from the Federal Emergency Management Agency after a severe storm in 2009. The Atlanta Journal-Constitution reports the audit found the county received dual payments from insurance …

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Florida’s Flood Agency Stops Writing New Business in Tampa Bay Region http://www.insurancejournal.com/news/southeast/2014/08/25/338470.htm Mon, 25 Aug 2014 15:24:45 +0000 http://www.insurancejournal.com/?p=338470 One of the first entities to step forward and provide private flood insurance in Florida has announced it will stop writing new business in the Tampa Bay region in order to manage its exposure. The Flood Agency, which offers private …

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South Carolina Jury Awards Family $2 Million in Claim Against Medical Center http://www.insurancejournal.com/news/southeast/2014/08/25/338408.htm Mon, 25 Aug 2014 11:30:09 +0000 http://www.insurancejournal.com/?p=338408 A Spartanburg County South Carolina woman’s family has been awarded $2 million in damages for her death five years ago. A jury recently found in favor of the family of Janice G. Easler, the Herald-Journal of Spartanburg reported. The family …

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Court Asked to Dimiss Spill Claims Against West Virginia Airport, Chemical Producer http://www.insurancejournal.com/news/southeast/2014/08/25/338457.htm Mon, 25 Aug 2014 10:37:15 +0000 http://www.insurancejournal.com/?p=338457 An airport and a chemical producer want claims dismissed in a lawsuit partly targeting them over a January chemical spill. In U.S. District Court in Charleston, Yeager Airport filed a motion last week to dismiss claims in the wide-spanning lawsuit. …

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Businesses Irked by Alabama Court’s Generic Drug Label Ruling http://www.insurancejournal.com/news/southeast/2014/08/25/338455.htm Mon, 25 Aug 2014 10:34:25 +0000 http://www.insurancejournal.com/?p=338455 Business isn’t buying the Alabama Supreme Court’s attempt to limit the fallout from its decision saying brand-name drugmakers can be held liable for warnings on generic medication produced by other companies. A majority of justices signed off on an opinion …

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Alabama Jury Awards $4 Million in Emergency Room Doctor Malpractice Case http://www.insurancejournal.com/news/southeast/2014/08/22/338402.htm Fri, 22 Aug 2014 13:54:54 +0000 http://www.insurancejournal.com/?p=338402 A Walker County, Alabama jury has awarded a Carbon Hill woman millions of dollars in a medical malpractice suit against a doctor who mistook symptoms that led to her husband’s heart attack for a stomach illness. Al.com reported the jury …

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SeaWorld Relents, Ends Trainers Swimming with Killer Whales http://www.insurancejournal.com/news/southeast/2014/08/22/338398.htm Fri, 22 Aug 2014 13:36:16 +0000 http://www.insurancejournal.com/?p=338398 SeaWorld Entertainment has dropped an appeal of citations it received after the drowning of a trainer who was pulled under by a killer whale, ending any chance of trainers ever again swimming with orcas during shows. The marine park company …

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North Carolina’s Towne Insurance Relocates Raleigh Office http://www.insurancejournal.com/news/southeast/2014/08/21/338304.htm Thu, 21 Aug 2014 16:04:58 +0000 http://www.insurancejournal.com/?p=338304 Towne Insurance has relocated its Raleigh office to 4515 Falls of Neuse Road, Suite 300 in north Raleigh. Members of both the Stan Taylor Group and The Clement Companies, which joined Towne Insurance in 2011 and 2012 respectively, have moved …

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Florida’s Citizens’ Gilway Defends Overseas Travel Before Governor, Cabinet http://www.insurancejournal.com/news/southeast/2014/08/21/338282.htm Thu, 21 Aug 2014 13:35:09 +0000 http://www.insurancejournal.com/?p=338282 The top official of Florida’s state-backed property insurer stepped forward yesterday to defend his organization’s international travel, arguing it was necessary to conclude a $3.1 billion risk transfer plan. Citizens Property Insurance Corp. President Barry Gilway has found himself under …

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North Carolina Lawmakers Approve Law Regulating Duke’s Coal Ash Dumps http://www.insurancejournal.com/news/southeast/2014/08/21/338277.htm Thu, 21 Aug 2014 13:12:57 +0000 http://www.insurancejournal.com/?p=338277 State House and Senate leaders said this week that they have reached a compromise on legislation to make Duke Energy curb pollution from its 33 coal ash dumps across North Carolina. House Speaker Thom Tillis and Senate President Phil Berger …

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Mine Owner to Pay $1.5B Penalty to Kentucky for Environmental Violations http://www.insurancejournal.com/news/southeast/2014/08/21/338275.htm Thu, 21 Aug 2014 13:05:05 +0000 http://www.insurancejournal.com/?p=338275 West Virginia billionaire Jim Justice has reached a $1.5 million settlement with Kentucky officials over dozens of violations at several of his coal mines in eastern Kentucky. The agreement between Justice and the state’s Department for Natural Resources is a …

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Florida Opens, Closes Surplus Lines Opportunities http://www.insurancejournal.com/news/southeast/2014/08/20/338227.htm Wed, 20 Aug 2014 16:54:38 +0000 http://www.insurancejournal.com/?p=338227 The recent legislative session in Tallahassee was relatively quiet, a matter some attribute to this being an election year. But even in quiet years, Florida lawmakers tend to make some noise about the insurance industry and this year was no …

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