Insurance Journal » Southeast News http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Fri, 06 Mar 2015 10:00:40 +0000 en-US hourly 1 http://wordpress.org/?v=4.1.1 Law Enforcement Initially Suspicious of North Carolina Gold Heist http://www.insurancejournal.com/news/southeast/2015/03/06/359663.htm Fri, 06 Mar 2015 09:00:30 +0000 http://www.insurancejournal.com/?p=359663 The crew of a truck carrying a load of gold bars had just pulled off the interstate in North Carolina when, the two men told police, a seemingly ordinary episode of carsickness turned into a multimillion-dollar heist. Three days later, …

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Tennessee Lawmakers Introduce Work Comp ‘Option’ Legislation http://www.insurancejournal.com/news/southeast/2015/03/06/359629.htm Fri, 06 Mar 2015 09:00:28 +0000 http://www.insurancejournal.com/?p=359629 Tennessee may soon have its own answer to an alternative workers’ compensation insurance option through new legislation by Republican lawmakers known as the Tennessee Employee Injury Benefit Alternative. Tennessee State Senator Mark Green and State Representative Jeremy Durham introduced Senate …

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Craft Breweries Victorious in Kentucky Beer Distribution Battle http://www.insurancejournal.com/news/southeast/2015/03/06/359670.htm Fri, 06 Mar 2015 05:14:03 +0000 http://www.insurancejournal.com/?p=359670 Anheuser-Busch can make beer, but they have to let other people sell it in Kentucky. The state Senate voted 23-13 to ban brewers from owning alcohol distributors, a sign of the increasing influence of the emerging craft beer industry over …

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Mississippi Confirms Aldridge to Workers’ Comp Commission http://www.insurancejournal.com/news/southeast/2015/03/06/359667.htm Fri, 06 Mar 2015 05:04:10 +0000 http://www.insurancejournal.com/?p=359667 The Mississippi Senate has confirmed a physical therapist to serve on the three-member state Workers Compensation Commission. Beth Harkins Aldridge of Madison, Miss. was nominated for a six-year term by Gov. Phil Bryant. Aldridge had been chosen by Bryant to …

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Georgia House Passes Ridesharing Regulation Bill http://www.insurancejournal.com/news/southeast/2015/03/05/359470.htm Thu, 05 Mar 2015 09:00:45 +0000 http://www.insurancejournal.com/?p=359470 The first of a slew of bills that would regulate popular car-hailing companies such as Uber overwhelmingly passed the Georgia House on Tuesday, but the San Francisco-based tech firm said it was not happy with the measure or several others …

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Alliant Adds Staff to Florida-Based Construction Services Group http://www.insurancejournal.com/news/southeast/2015/03/05/359314.htm Thu, 05 Mar 2015 09:00:21 +0000 http://www.insurancejournal.com/?p=359314 Alliant Insurance Services, a nationwide specialty insurance brokerage firm, has added Charlotte Smith-Wilkes to its Construction Services Group as senior vice president/wrap-up director to lead the expansion of its Wrap-Up Division in the southern United States with an emphasis on Georgia, …

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Kentucky City Warns Homeowners Not to Rent to Travelers http://www.insurancejournal.com/news/southeast/2015/03/05/359473.htm Thu, 05 Mar 2015 09:00:17 +0000 http://www.insurancejournal.com/?p=359473 Metro Louisville, Ky. officials have sent letters to some homeowners that rent space to travelers through online home-sharing sites telling them to stop the practice immediately or they risk being fined. The Courier-Journal reports the letters say the property owners …

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Armed Robbers Nab $4.8M in Gold Bars off Armored Truck on North Carolina Highway http://www.insurancejournal.com/news/southeast/2015/03/05/359476.htm Thu, 05 Mar 2015 09:00:12 +0000 http://www.insurancejournal.com/?p=359476 Shortly after dusk on Sunday along a lonely stretch of Interstate 95, armed robbers hijacked an armored truck, tied up the two guards and disappeared into the night with 275 pounds of gold bars. The guards working for Transvalue Inc. …

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West Virginia’s Coal Country Split as New Law Pits Owners, Workers: Commodities http://www.insurancejournal.com/news/southeast/2015/03/04/359330.htm Wed, 04 Mar 2015 17:19:23 +0000 http://www.insurancejournal.com/?p=359330 Mike Caputo, one of the top Democrats in the West Virginia legislature, began working in the state’s coal mines at age 19. It helped put his kids through school, he said, and helped him pay for his family home. Now …

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Judge Halts Google Investigation by Mississippi Attorney General, For Now http://www.insurancejournal.com/news/southeast/2015/03/04/359308.htm Wed, 04 Mar 2015 16:57:40 +0000 http://www.insurancejournal.com/?p=359308 The Mississippi attorney general’s attempt to investigate Google is on hold for at least four more months. U.S. District Judge Henry T. Wingate on Monday granted Google’s request for a preliminary injunction, preventing Attorney General Jim Hood from going through …

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Crop Insurance Deadline Nears for West Virginia Farmers http://www.insurancejournal.com/news/southeast/2015/03/04/359182.htm Wed, 04 Mar 2015 06:25:03 +0000 http://www.insurancejournal.com/?p=359182 A deadline is approaching for West Virginia farmers to buy insurance for crops planted in the spring. March 15 is the closing date to either buy crop insurance or change an existing policy. The U.S. Department of Agriculture’s Risk Management …

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Hilb Group Acquires Florida-Based West Coast Insurance http://www.insurancejournal.com/news/southeast/2015/03/04/359179.htm Wed, 04 Mar 2015 05:38:50 +0000 http://www.insurancejournal.com/?p=359179 The Hilb Group, LLC (THG) has acquired West Coast Insurance (WCI) of Tampa, Fla. The transaction became effective on March 1. WCI will continue to operate at its current location under the leadership of previous owner and president, George Lackey. …

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Georgia’s State Bank & Trust Acquires Boyett Agency, Creates Insurance Division http://www.insurancejournal.com/news/southeast/2015/03/03/359026.htm Tue, 03 Mar 2015 11:00:10 +0000 http://www.insurancejournal.com/?p=359026 State Bank and Trust Co., a wholly-owned subsidiary of State Bank Financial Corp., has launched an insurance division to offer State Bank customers a range of personal and commercial insurance products. State Bank enters the insurance business through the acquisition …

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Secret Service: Cybercrime ‘Skimming’ Cases on the Rise in North Carolina http://www.insurancejournal.com/news/southeast/2015/03/03/359060.htm Tue, 03 Mar 2015 09:00:34 +0000 http://www.insurancejournal.com/?p=359060 The U.S. Secret Service says “skimming,” a cybercrime which targets automatic teller machines and gasoline pumps and the people who use them, is on the rise in the Charlotte, N.C., area. The Charlotte Observer reports that the Secret Service reports …

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West Virginia Judges Approve $11.3M Settlement with Ex-Mountain State Students http://www.insurancejournal.com/news/southeast/2015/03/03/359062.htm Tue, 03 Mar 2015 09:00:03 +0000 http://www.insurancejournal.com/?p=359062 A three-judge panel says former students of West Virginia’s Mountain State University are entitled to an $11.3 million payout. Media reports state that the so-called mass litigation panel met in Charleston last Thursday to approve the proposed settlement. The students …

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MedMal Direct to Expand Through Liberty Mutual Partnership http://www.insurancejournal.com/news/southeast/2015/03/03/359069.htm Tue, 03 Mar 2015 05:17:17 +0000 http://www.insurancejournal.com/?p=359069 Jacksonville, Fla.-based MedMal Direct Insurance Co. formed a strategic alliance with Liberty International Underwriters (LIU), a division of Liberty Mutual Insurance, effective January 1, 2015. As a quota share reinsurer of MedMal Direct, Liberty Mutual will support MedMal Direct’s further …

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Low Water Levels at Tennessee’s Boone Lake Concern Nearby Business Owners http://www.insurancejournal.com/news/southeast/2015/03/03/359064.htm Tue, 03 Mar 2015 05:04:22 +0000 http://www.insurancejournal.com/?p=359064 Business owners around Boone Lake worry they might be left high and dry this summer with the Tennessee Valley Authority’s sustained drawdown of the lake. The Johnson City Press reported that TVA has announced that water levels will remain low …

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Florida Court: Proof Needed That Drivers Knew of Hit-and-Run to be Charged http://www.insurancejournal.com/news/southeast/2015/03/02/358937.htm Mon, 02 Mar 2015 09:00:33 +0000 http://www.insurancejournal.com/?p=358937 Drivers in Florida can’t be prosecuted for leaving the scene of an accident unless there is proof they knew they were in a crash. The Florida Supreme Court unanimously agreed last week with a lower court’s decision to throw out …

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South Carolina Law Enforcement Looking for Killers of Chickens Worth $1.7M http://www.insurancejournal.com/news/southeast/2015/03/02/358944.htm Mon, 02 Mar 2015 09:00:31 +0000 http://www.insurancejournal.com/?p=358944 South Carolina law officers are hunting for the chicken killers who have sabotaged farmers several times over the past two weeks, leaving 300,000 birds dead at a cost of as much as $1.7 million. Multiple media reports say the Clarendon …

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Florida Homeownership Suffered Steep Decline in Last Decade http://www.insurancejournal.com/news/southeast/2015/03/02/358947.htm Mon, 02 Mar 2015 05:03:40 +0000 http://www.insurancejournal.com/?p=358947 Florida had one of the largest declines in homeownership in the nation during the past decade, according to new figures released last week by the U.S. Census Bureau. The homeownership rate in Florida went from more than 73 percent at …

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Update: Nashville Flood Protection Plan Must be Approved by City Council http://www.insurancejournal.com/news/southeast/2015/03/01/358942.htm Mon, 02 Mar 2015 04:44:31 +0000 http://www.insurancejournal.com/?p=358942 Nashville government officials now say that funding for a proposed $100 million flood protection plan still has to be approved by the city council. Officials discovered last week that the council approved the funding with the wrong type of financing. …

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South Carolina Court Orders J&J to Pay $136M in Risperdal Case http://www.insurancejournal.com/news/southeast/2015/02/27/358855.htm Fri, 27 Feb 2015 17:16:55 +0000 http://www.insurancejournal.com/?p=358855 South Carolina’s Supreme Court ordered Johnson & Johnson to pay a penalty of $136 million, upholding a jury’s finding that the drugmaker’s Janssen unit had improperly marketed its anti-psychotic drug Risperdal and concealed its risks. A trial court had earlier …

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All Risks Adds Aimini as Brokerage Underwriter in Miami http://www.insurancejournal.com/news/southeast/2015/02/27/358795.htm Fri, 27 Feb 2015 06:32:31 +0000 http://www.insurancejournal.com/?p=358795 Jorge Aimini has joined the Miami office of All Risks as a brokerage underwriter. Aimini’s responsibilities will comprise of underwriting accounts within the parameters of All Risks’ contract binding agreements and accessing brokerage markets for a variety of risks in …

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Kentucky Ignition Interlock Bill for Drunken Drivers Heads to Senate http://www.insurancejournal.com/news/southeast/2015/02/27/358791.htm Fri, 27 Feb 2015 06:12:52 +0000 http://www.insurancejournal.com/?p=358791 The Kentucky House has passed a bill aimed at toughening Kentucky’s DUI laws by requiring convicted drunken drivers to install ignition interlock devices in their vehicles. The bill cleared the House on a 96-0 vote Wednesday and now goes to …

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Nashville to Put $100M Flood Protection Plan in Place http://www.insurancejournal.com/news/southeast/2015/02/27/358788.htm Fri, 27 Feb 2015 05:57:10 +0000 http://www.insurancejournal.com/?p=358788 Nashville Mayor Karl Dean has unveiled a $100 million flood protection plan for Music City that includes a 2,100-foot-long flood wall located on the city’s downtown riverfront. “I look at this downtown flood protection system as an insurance policy,” Dean …

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Derailed Train in West Virginia Had Safer Tank Cars http://www.insurancejournal.com/news/southeast/2015/02/26/358742.htm Thu, 26 Feb 2015 17:43:00 +0000 http://www.insurancejournal.com/?p=358742 The fiery derailment of a train carrying crude oil in West Virginia earlier this month is one of three in the past year involving tank cars that already meet a higher safety standard than what federal law requires – leading …

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Increase in Kentucky Fracking Prompts Lawmakers to Update Rules http://www.insurancejournal.com/news/southeast/2015/02/26/358738.htm Thu, 26 Feb 2015 17:27:35 +0000 http://www.insurancejournal.com/?p=358738 As Kentucky mines less coal and produces more natural gas, state lawmakers want to update the environmental protection rules that drilling companies are required to follow. But some landowners worry the state’s rush to welcome the practice of hydraulic fracturing, …

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Florida Republicans Propose Medical Marijuana Bills to Appease Voters http://www.insurancejournal.com/news/southeast/2015/02/26/358733.htm Thu, 26 Feb 2015 17:20:58 +0000 http://www.insurancejournal.com/?p=358733 Republicans lawmakers in Florida who once opposed medical pot are now embracing it, motivated by the strong show of support from voters and worried that another constitutional amendment during next year’s presidential race could drive opponents to the polls. Last …

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Florida Court: GEICO on Hook for $100,000 in Additional Attorney Fees http://www.insurancejournal.com/news/southeast/2015/02/26/358728.htm Thu, 26 Feb 2015 17:04:46 +0000 http://www.insurancejournal.com/?p=358728 A Florida court has ruled that one of the state’s largest automobile insurers must pay over $100,000 in attorney fees under the “additional payments” provision of its liability coverage. The Florida Fifth District Court of Appeal handed down its ruling …

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Tobacco Firms to Settle 400 Florida Smokers’ Lawsuits for $100M http://www.insurancejournal.com/news/southeast/2015/02/26/358691.htm Thu, 26 Feb 2015 13:09:39 +0000 http://www.insurancejournal.com/?p=358691 The three biggest U.S. tobacco companies agreed to pay $100 million to settle 400 Florida lawsuits, potentially resolving a group of cases filed after a 2006 ruling by the state’s highest court that made it easier for individuals to sue …

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